Question 1

Can I use a VA loan in El Cajon with no money saved?

Accepted Answer

Yes. VA loans require zero down payment. You'll still need funds for closing costs unless you negotiate seller concessions.

Question 2

Do VA loans take longer to close than conventional?

Accepted Answer

Sometimes. The VA appraisal adds a step. An experienced broker can manage timelines to stay competitive.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders want 620 minimum. Better rates kick in at 740 and above.

Question 4

Is the VA funding fee a deal-breaker?

Accepted Answer

Rarely. It can be rolled into the loan. And skipping PMI usually saves more money over time than the fee costs.

Question 5

Can surviving spouses use VA loans in El Cajon?

Accepted Answer

Yes, if they meet VA eligibility rules. A Certificate of Eligibility confirms whether you qualify.

Question 6

Which loan is better for a duplex in El Cajon?

Accepted Answer

VA allows multi-unit purchases if you occupy one unit. Conventional also works and has no occupancy tie. Rates vary by borrower profile and market conditions.

Conventional vs VA Loans in El Cajon: Which One Wins?