Question 1

Can I use a VA loan to buy in Rialto?

Accepted Answer

Yes, as long as you meet VA service requirements and the property is your primary residence. Rialto properties must also pass a VA appraisal.

Question 2

Do VA loans have higher rates than conventional?

Accepted Answer

VA rates are often competitive with or lower than conventional rates. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require at least 620. Higher scores get better rates and easier approval.

Question 4

Does the VA funding fee cancel out the savings?

Accepted Answer

Rarely. Skipping PMI and the down payment typically outweighs the one-time funding fee over a few years of ownership.

Question 5

Can I have both a VA loan and a conventional loan?

Accepted Answer

Yes, but your remaining VA entitlement affects borrowing power. SRK CAPITAL can calculate your available entitlement.

Question 6

Which loan closes faster in San Bernardino County?

Accepted Answer

Conventional loans sometimes close faster. VA loans require a VA-specific appraisal, which can add a few days to the timeline.

Conventional vs VA Loans in Rialto, CA