Question 1

Can I use a VA loan in Vacaville?

Accepted Answer

Yes, and many buyers near Travis AFB do. You need a valid Certificate of Eligibility and must occupy the home as your primary residence.

Question 2

Does VA or conventional have a lower rate?

Accepted Answer

VA loans typically carry lower rates than conventional. Rates vary by borrower profile and market conditions.

Question 3

What is the VA funding fee?

Accepted Answer

It's a one-time fee rolled into your loan. The amount depends on your down payment and whether you've used VA before.

Question 4

Can I buy a rental property with a VA loan?

Accepted Answer

No. VA loans require owner occupancy. For investment properties, conventional is your route.

Question 5

Which loan needs better credit?

Accepted Answer

Conventional loans typically require at least 620. VA has no official minimum, but most lenders want at least 580-620.

Question 6

Do I need a down payment for a VA loan?

Accepted Answer

No. VA loans allow 100% financing for eligible borrowers. That's one of the biggest advantages over conventional.

Conventional vs VA Loans in Vacaville, CA