Question 1

Can I use a VA loan in Vallejo with no down payment?

Accepted Answer

Yes. VA-eligible borrowers can buy with zero down in Vallejo. There are no loan limits for full VA entitlement.

Question 2

Do VA loans have mortgage insurance?

Accepted Answer

No. VA loans never require PMI. You pay a one-time funding fee instead, which can be rolled into the loan.

Question 3

What credit score do I need for a conventional loan?

Accepted Answer

Most lenders require a 620 minimum. Higher scores unlock better rates and lower PMI costs.

Question 4

Can I use a VA loan to buy a rental property in Vallejo?

Accepted Answer

No. VA loans require the home to be your primary residence. Use conventional financing for investment properties.

Question 5

Which loan has lower rates — VA or conventional?

Accepted Answer

VA rates typically run lower than conventional. The exact difference depends on your profile and market conditions.

Conventional vs VA Loans in Vallejo, CA