Question 1

Can I use a VA loan to buy a duplex in Daly City?

Accepted Answer

Yes, if you live in one unit. VA allows up to four units as long as you occupy one as your primary residence.

Question 2

How much does PMI cost on a conventional loan here?

Accepted Answer

$200-400 per month on typical Daly City purchases. Exact cost depends on credit score, down payment, and loan amount.

Question 3

Do VA loans take longer to close than conventional?

Accepted Answer

Not anymore. Both close in 21-30 days with clean files. VA appraisals add 3-5 days but aren't a major delay.

Question 4

Can I avoid the VA funding fee?

Accepted Answer

Yes, if you're disabled or receiving VA compensation. Otherwise, it's 2.3% first use, 3.6% for subsequent purchases.

Question 5

What credit score do I need for conventional in San Mateo County?

Accepted Answer

620 minimum, but rates improve significantly above 700. We recommend 720+ for the best pricing tiers.

Conventional vs VA Loans in Daly City: Which Works for Your San Mateo County Purchase?