Question 1

Can veterans use both loan types?

Accepted Answer

Yes, veterans can choose conventional financing. Most use VA for primary homes and conventional for rentals or second homes.

Question 2

Which loan type approves faster in San Bruno?

Accepted Answer

Both take 25-35 days typically. VA adds a property appraisal but doesn't significantly slow closing timelines.

Question 3

Do VA loans have lower rates than conventional?

Accepted Answer

Rates vary by borrower profile and market conditions. Both types currently sit near 6% as of February 2026.

Question 4

Can I avoid PMI on conventional loans?

Accepted Answer

Yes, put down 20% or more. Some borrowers use piggyback loans to avoid PMI with less cash upfront.

Question 5

What's the VA funding fee in San Mateo County?

Accepted Answer

First-time VA users pay 2.15% with zero down. The fee drops to 1.25% with 10% down payment.

Question 6

Which loan works better for San Bruno condos?

Accepted Answer

Both work if the complex meets lender requirements. VA has stricter condo approval rules than conventional financing.

Conventional vs VA Loans in San Bruno: Which Financing Fits Your Military Status?