Question 1

Can I use a VA loan to buy in Los Gatos?

Accepted Answer

Yes. VA loans have no loan limits for borrowers with full entitlement. High Los Gatos prices don't disqualify you.

Question 2

Do VA loans require a down payment in California?

Accepted Answer

No down payment is required for eligible borrowers with full VA entitlement. That's a major advantage at Los Gatos price points.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Lenders require at least 620. Better rates come with 740 and above — especially on jumbo loan amounts common in Los Gatos.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee charged by VA, usually rolled into the loan. Some disabled veterans are exempt from paying it entirely.

Question 5

Which loan has lower rates in Los Gatos?

Accepted Answer

VA loans typically price lower than conventional. Rates vary by borrower profile and market conditions — we shop both across 200+ lenders.

Question 6

Can I avoid PMI on a conventional loan?

Accepted Answer

Yes. Put 20% down and PMI is off the table. On a Los Gatos purchase, that's a large chunk of capital to have ready.

Conventional vs VA Loans in Los Gatos, CA