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in Suisun City, CA
Suisun City sits near Travis Air Force Base, meaning many buyers here qualify for VA loans. That changes the math completely compared to conventional financing.
Most borrowers assume conventional loans are the default option. But if you served, VA loans eliminate the down payment and monthly mortgage insurance that conventionals require.
Conventional loans work for anyone with decent credit and stable income. You need 3% down minimum, though 20% avoids private mortgage insurance.
Credit score of 620 qualifies you, but 740+ gets the best rates. Lenders cap your debt-to-income at 50%, sometimes lower depending on other factors.
These loans handle any property type and work for primary homes, second homes, or investment properties. No military service required.
VA loans require zero down payment and charge no monthly mortgage insurance. That's thousands saved upfront and $100-300 less per month compared to conventional.
You pay a one-time funding fee of 2.3% for first use, which gets rolled into the loan. Credit standards are more flexible than conventional, and sellers can pay all your closing costs.
Eligibility requires military service, active duty status, or qualifying as a surviving spouse. The property must be your primary residence—no investment properties.
Down payment separates these loans most dramatically. VA requires nothing while conventional needs at least 3%, typically closer to 10% for competitive offers in Suisun City.
Monthly costs favor VA loans heavily. A $500,000 purchase with 5% down costs about $245 monthly in PMI on a conventional. VA loans skip that entirely.
Property standards differ significantly. VA requires specific appraisals checking for safety issues that might kill deals on fixer-uppers. Conventional appraisals care less about repairs.
Use VA if you qualify, period. The savings on down payment and monthly insurance outweigh any conventional advantage for primary residences.
Conventional makes sense in specific scenarios: buying investment property, purchasing a fixer-upper that won't pass VA appraisal, or when you've already used VA eligibility elsewhere.
Some sellers near Travis AFB prefer conventional offers because they assume VA deals fall through more often. That perception is outdated—VA loans close reliably when properly structured.
Yes, active duty service qualifies you immediately. You need a Certificate of Eligibility from the VA, which we help you obtain during pre-approval.
Most do, especially near Travis AFB where VA buyers are common. Strong pre-approval and quick close timelines make VA offers competitive.
Conventional requires 620 minimum, ideally 740+. VA has no official minimum but most lenders want 580-600 for approval.
Not with standard conventional financing. You need 20% down to eliminate PMI, though it drops off once you reach 20% equity.
No. The 2.3% funding fee gets financed into your loan and costs far less than years of PMI on conventional financing.
Only if the complex is VA-approved. Conventional loans work with any condo that meets standard lending requirements.