Question 1

Can I use a VA loan for a high-priced Los Altos Hills home?

Accepted Answer

Yes. VA loans have no set loan limit for eligible borrowers with full entitlement. You can finance a high-value property with zero down.

Question 2

Does VA or conventional offer better rates in Santa Clara County?

Accepted Answer

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

Question 3

What is the VA funding fee?

Accepted Answer

It's an upfront fee paid to the VA, usually 1.25–3.3% of the loan. Most borrowers roll it into the loan amount instead of paying cash.

Question 4

Do I need PMI on a conventional loan in Los Altos Hills?

Accepted Answer

Only if you put down less than 20%. At Los Altos Hills price points, 20% down is a large sum — PMI removal matters here.

Question 5

Can I use both loan types as a veteran?

Accepted Answer

You qualify for both, but most veterans benefit more from VA. Run the numbers with a broker before committing to conventional.

Question 6

Which loan closes faster — conventional or VA?

Accepted Answer

Conventional typically closes faster. VA loans require a VA appraisal, which adds a few days. Neither difference is deal-breaking.

Conventional vs VA Loans in Los Altos Hills