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in Chula Vista, CA
Chula Vista sits minutes from major military bases. That makes VA loans a real option for a large share of buyers here.
Conventional loans still dominate the market. But if you qualify for VA, ignoring it is usually a mistake.
Conventional loans aren't backed by the government. Lenders set terms, and your credit score drives your rate.
Most conventional loans require at least 3-5% down. Put down 20% and you skip private mortgage insurance entirely.
VA loans are backed by the Department of Veterans Affairs. Eligible borrowers buy with zero down and no PMI.
There's a funding fee — usually rolled into the loan. For most buyers, the no-down-payment benefit outweighs that cost.
The biggest gap is upfront cash. VA buyers can close with no down payment. Conventional buyers need at least 3%.
Bankrate flagged rates at 6.19% as of March 2026 — VA rates typically run slightly below conventional. Rates vary by borrower profile and market conditions.
VA loans require a Certificate of Eligibility. Conventional loans have no military requirement at all.
If you served and qualify for VA, start there. No down payment and no PMI is hard to beat in a pricey San Diego County market.
Conventional makes sense if you're putting 20% down, don't have VA eligibility, or want to avoid the funding fee on a high-balance loan.
Yes. VA loans work for primary residences across San Diego County, including Chula Vista. Confirm your eligibility with a Certificate of Eligibility first.
VA rates typically run lower than conventional. Rates vary by borrower profile and market conditions — we'll pull quotes on both.
Most conventional lenders require 620 or higher. VA has no official minimum, but most lenders want at least 580-620.
It's a one-time fee charged by the VA, typically rolled into the loan balance. Some veterans with service-connected disabilities are exempt.
Yes — put 20% down and PMI goes away. VA loans never require PMI, regardless of down payment.
Both typically close in 21-30 days with a prepared borrower. VA loans require an appraisal by a VA-approved appraiser, which can add time.