Question 1

Can I use a VA loan to buy a home in San Jose with no money down?

Accepted Answer

Yes. Eligible borrowers with full VA entitlement can buy with zero down in San Jose. There's no loan limit tied to the zero-down benefit.

Question 2

Do VA loans have mortgage insurance in California?

Accepted Answer

No. VA loans don't charge PMI. You pay a one-time funding fee instead, which can be financed into the loan.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require at least 620. Better rates come with scores above 740. Your rate depends on your full credit profile.

Question 4

Can I use a VA loan for an investment property in San Jose?

Accepted Answer

No. VA loans are for primary residences only. Use a conventional loan for rental or investment properties.

Question 5

Which loan has lower rates — conventional or VA?

Accepted Answer

VA rates typically run lower than conventional. Rates vary by borrower profile and market conditions — we'll show you both side by side.

Question 6

Can I have both a VA and conventional loan at the same time?

Accepted Answer

Yes, with remaining VA entitlement. Many borrowers use VA on a primary home and conventional on a second or investment property.

Conventional vs VA Loans in San Jose: Which Wins for You?