Loading
in Brisbane, CA
Brisbane sits in one of California's priciest markets. Choosing the right mortgage can save you tens of thousands over the loan term.
Veterans have a major advantage here with VA loans. But conventional financing still makes sense for many buyers, especially those putting 20% down.
Conventional loans aren't backed by any government agency. You work directly with a lender who holds or sells the loan on the secondary market.
Most Brisbane buyers use conventional financing because it works for any property type. You can buy condos, investment properties, or second homes without restrictions.
Rates vary by borrower profile and market conditions. With rate cuts expected later this year, conventional rates may drop further from current levels.
VA loans are guaranteed by the Department of Veterans Affairs. Eligible service members can buy with zero down payment and no monthly mortgage insurance.
In San Mateo County, the 2026 VA loan limit is $1,249,125 for zero-down purchases. Above that amount, you'll need a down payment on the difference.
VA loans charge a one-time funding fee instead of monthly PMI. First-time users with zero down pay 2.15% upfront, which can be rolled into the loan amount.
The biggest split is upfront cost. VA borrowers skip the down payment entirely, while conventional buyers need at least 3% down.
Monthly payments tell a different story. Conventional loans under 20% down carry PMI, often $200-400 monthly on a Brisbane home. VA loans never have PMI.
Property standards matter more with VA financing. The appraisal checks safety items like peeling paint and handrails. Conventional appraisers focus mainly on value.
If you're eligible for VA benefits, use them. The zero-down advantage lets you buy sooner and keep cash for reserves or repairs.
Go conventional if you're buying a fixer-upper or investment property. VA appraisers will flag condition issues that conventional lenders ignore.
For non-veterans with 20% down, conventional loans often win. You avoid PMI and get more flexible property options without the VA funding fee.
Yes, but the condo complex must be VA-approved. Many smaller Brisbane buildings aren't on the approved list, limiting your options.
Conventional loans typically close in 25-30 days. VA loans add 5-10 days due to stricter appraisal requirements and VA processing.
Usually yes, by 0.25-0.50%. The VA guarantee reduces lender risk, so they pass savings to borrowers through lower rates.
Technically yes, but you'll restart the approval process. Best to choose your loan type before making an offer in Brisbane's fast market.
VA lenders typically accept 580-620 scores. Conventional loans want 620 minimum, with best rates at 740-plus credit.