Question 1

Can I use a VA loan in Mount Shasta?

Accepted Answer

Yes, VA loans work anywhere in California including Siskiyou County. You need a valid Certificate of Eligibility from the VA.

Question 2

Do VA loans have loan limits in Siskiyou County?

Accepted Answer

VA loans have no set loan limit for borrowers with full entitlement. Conventional conforming limits still apply to conventional loans.

Question 3

Is the VA funding fee worth paying?

Accepted Answer

Almost always yes. No PMI and a lower rate usually offset the one-time funding fee within 2-3 years of ownership.

Question 4

Which loan has stricter credit requirements?

Accepted Answer

Conventional is stricter. VA has no official minimum credit score, though most lenders require at least 580-620.

Question 5

Can I use both programs if I'm a veteran?

Accepted Answer

You can only use one loan at a time, but you can have remaining VA entitlement after a first VA loan in some situations.

Conventional vs VA Loans in Mount Shasta, CA