Question 1

Can I use a VA loan in Victorville?

Accepted Answer

Yes, if you have a Certificate of Eligibility. VA loans work for primary residences anywhere in California, including Victorville.

Question 2

Does VA require a down payment?

Accepted Answer

No. Eligible borrowers can finance 100% of the purchase price. No down payment is required.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require at least a 620. Better scores get better rates.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee the VA charges in place of mortgage insurance. You can roll it into your loan balance.

Question 5

Which loan has lower monthly payments?

Accepted Answer

VA often wins — no PMI and typically lower rates reduce the monthly payment. Run both scenarios with your broker.

Question 6

Can I use a VA loan to buy a rental property?

Accepted Answer

No. VA loans require owner occupancy. Conventional loans are the right tool for investment purchases.

Conventional vs VA Loans in Victorville, CA