Question 1

Can I use a VA loan in Santee with no down payment?

Accepted Answer

Yes. Eligible borrowers can finance 100% with a VA loan in San Diego County. No down payment required.

Question 2

Do VA loans have mortgage insurance?

Accepted Answer

No. VA loans have no monthly PMI. There's a one-time funding fee, but it can be financed into the loan.

Question 3

Which loan has better rates — conventional or VA?

Accepted Answer

VA rates typically run lower than conventional. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require a 620 minimum. Higher scores unlock better pricing.

Question 5

Can I use a VA loan more than once?

Accepted Answer

Yes. VA eligibility can be restored and reused. A higher funding fee applies on subsequent uses unless you're exempt.

Question 6

What if I qualify for both loan types?

Accepted Answer

We run both scenarios side by side. The right answer depends on your down payment, credit score, and how long you plan to stay.

Conventional vs VA Loans in Santee, CA