Question 1

Can I use a VA loan to buy in Saratoga?

Accepted Answer

Yes, as long as you meet VA eligibility and the property passes a VA appraisal. No county-level restrictions block VA use in Santa Clara County.

Question 2

Does VA have a loan limit in Santa Clara County?

Accepted Answer

Veterans with full entitlement have no VA loan limit. Reduced entitlement may apply if you have an existing VA loan.

Question 3

Which loan has lower monthly payments?

Accepted Answer

VA typically wins on monthly cost — no PMI and lower rates offset the funding fee over time. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for each loan?

Accepted Answer

Conventional lenders require 620 minimum. Most VA lenders also target 620, though VA itself sets no official minimum score.

Question 5

Is the VA funding fee required?

Accepted Answer

Most borrowers pay it, but disabled veterans are typically exempt. It can be rolled into the loan amount rather than paid at closing.

Question 6

Can I use conventional financing with less than 20% down?

Accepted Answer

Yes, but you'll pay monthly PMI until you reach 20% equity. In Saratoga's price range, that PMI cost adds up quickly.

Conventional vs VA Loans in Saratoga, CA