Question 1

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

Accepted Answer

Yes. VA-eligible borrowers with full entitlement can buy in Cotati with zero down. No loan limits apply when you have full entitlement.

Question 2

Is the VA funding fee required on every VA loan?

Accepted Answer

Most borrowers pay it, but veterans with a service-connected disability are exempt. It can be financed into the loan.

Question 3

Which loan has lower mortgage insurance costs?

Accepted Answer

VA has no monthly mortgage insurance at all. Conventional requires PMI until you reach 20% equity in the home.

Question 4

What credit score do I need for each loan?

Accepted Answer

Most conventional lenders want 620 minimum. VA has no official minimum, but most lenders set their own floor around 580-620.

Question 5

Can I use conventional if I'm also VA-eligible?

Accepted Answer

Absolutely. Some borrowers prefer conventional to preserve VA entitlement for a future purchase. It depends on your strategy.

Question 6

Which loan closes faster in Sonoma County?

Accepted Answer

Conventional often closes faster. VA loans require a VA appraisal, which can add time depending on appraiser availability.

Conventional vs VA Loans in Cotati, CA