Question 1

Can I use a VA loan for a Half Moon Bay vacation home?

Accepted Answer

No. VA loans require primary residence occupancy. You need conventional financing for second homes or vacation properties.

Question 2

What credit score do I need for each program?

Accepted Answer

Conventional typically requires 620 minimum, 740+ for best pricing. VA approves 580+ scores for most lenders.

Question 3

How much down payment do I need in Half Moon Bay?

Accepted Answer

VA offers zero down for eligible borrowers. Conventional requires 3-20% depending on loan amount and property type.

Question 4

Which loan type has lower monthly payments?

Accepted Answer

VA often costs less monthly because you avoid mortgage insurance. Conventional requires PMI under 20% down.

Question 5

Can I buy a rental property with a VA loan?

Accepted Answer

No. VA requires you to occupy the home as your primary residence. Use conventional for investment properties.

Conventional vs VA Loans in Half Moon Bay: Which Coastal Mortgage Fits Your Goals?