Question 1

Can I use a VA loan to buy in Cupertino?

Accepted Answer

Yes. VA loan limits were removed for most eligible borrowers in 2020. You can finance a Cupertino purchase with zero down if you have full entitlement.

Question 2

Does a VA loan have mortgage insurance?

Accepted Answer

No. VA loans have no monthly mortgage insurance. You pay a one-time funding fee at closing instead, which can be rolled into the loan.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most conventional lenders require a 620 minimum. You need 740 or higher to access the best pricing tiers.

Question 4

Which loan has a lower interest rate?

Accepted Answer

VA loans typically carry lower rates than conventional. Rates vary by borrower profile and market conditions — get quotes for both and compare.

Question 5

Can I have both a VA loan and a conventional loan?

Accepted Answer

Yes, in some cases. If you have remaining VA entitlement, you may qualify for a second VA loan. A broker can review your Certificate of Eligibility to confirm.

Question 6

Is the VA funding fee required on every VA loan?

Accepted Answer

Most borrowers pay it, but veterans with a service-connected disability rating are exempt. Confirm your status with your lender before closing.

Conventional vs VA Loans in Cupertino, CA