Question 1

Can I use a VA loan in Milpitas with no money saved?

Accepted Answer

You can close with zero down, but you'll still need funds for closing costs. Sellers can cover those costs through negotiation.

Question 2

Do VA loans have loan limits in Santa Clara County?

Accepted Answer

Veterans with full entitlement have no loan limit. Borrowers with reduced entitlement may face limits based on county guidelines.

Question 3

Is the VA funding fee avoidable?

Accepted Answer

Veterans with a service-connected disability rating are exempt from the funding fee. Others can roll it into the loan balance.

Question 4

Which loan has stricter credit requirements?

Accepted Answer

Conventional loans enforce stricter credit tiers — scores above 740 get the best rates. VA has no official minimum, but most lenders want 620+.

Question 5

Can I buy a duplex with a VA loan in Milpitas?

Accepted Answer

Yes, VA allows multi-unit properties up to four units if you occupy one. Conventional also allows this with standard requirements.

Question 6

Which loan is faster to close?

Accepted Answer

Conventional loans typically close faster. VA loans require a VA appraisal, which adds time but also protects the buyer.

Conventional vs VA Loans in Milpitas, CA