Question 1

Can I use a VA loan in Campbell with no down payment?

Accepted Answer

Yes. Eligible veterans with full VA entitlement face no loan limit and no down payment requirement. Santa Clara County's high prices don't change that.

Question 2

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders want at least 620. Better rates start showing up around 740 and above.

Question 3

Does a VA loan have mortgage insurance?

Accepted Answer

No monthly mortgage insurance — ever. VA charges a one-time funding fee instead, which most borrowers roll into the loan balance.

Question 4

Which loan has a lower interest rate in Santa Clara County?

Accepted Answer

VA loans typically carry lower rates than conventional. Rates vary by borrower profile and market conditions.

Question 5

Can a veteran still choose a conventional loan?

Accepted Answer

Absolutely. Some veterans put down 20% and go conventional to preserve VA entitlement for a future property purchase.

Question 6

How do I prove VA loan eligibility?

Accepted Answer

You'll need a Certificate of Eligibility from the VA. We pull that for you — it's part of the pre-approval process.

Conventional vs VA Loans in Campbell, CA