Question 1

Can I use a VA loan to buy in San Francisco?

Accepted Answer

Yes. VA loans have no county loan limits for eligible borrowers with full entitlement. San Francisco's high prices are not a barrier.

Question 2

Does a VA loan require a down payment in SF?

Accepted Answer

No down payment is required if you have full VA entitlement. That applies regardless of purchase price.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Lenders require at least 620. You need 740 or higher to qualify for the most competitive conventional rates.

Question 4

Is the VA funding fee worth paying?

Accepted Answer

Usually yes. Skipping the down payment and eliminating PMI saves most SF buyers far more than the one-time funding fee costs.

Question 5

Which loan is faster to close?

Accepted Answer

Conventional loans often close faster. VA loans require a VA appraisal, which adds a step and can extend the timeline slightly.

Question 6

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

Accepted Answer

Yes, in some cases. Remaining VA entitlement determines what's available. A broker can run the numbers for your specific situation.

Conventional vs VA Loans in San Francisco