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in Sonoma, CA
Sonoma buyers have two strong options: conventional loans and VA loans. Choosing the wrong one costs you money.
VA loans are built for veterans and service members. Conventional loans serve everyone else — and sometimes veterans too.
Conventional loans aren't backed by the government. Lenders set terms, and qualifying standards are stricter.
You typically need a 620 credit score and at least 3% down. Put down 20% and you skip private mortgage insurance entirely.
VA loans are guaranteed by the Department of Veterans Affairs. Eligible borrowers get zero down and no monthly mortgage insurance.
The VA does charge a funding fee upfront. That fee can be rolled into the loan — and some veterans are exempt entirely.
The biggest split is down payment. VA borrowers put $0 down. Most conventional buyers need at least 3-5%.
HousingWire flagged the 30-year fixed hitting 6.57% — that rate gap matters. VA loans often price below conventional. Rates vary by borrower profile and market conditions.
If you've served and have your Certificate of Eligibility, VA is almost always the better deal. Zero down and no PMI add up fast in Sonoma's price range.
No military background? Conventional is your path. Strong credit and 20% down makes conventional very competitive — sometimes the smarter move even for eligible veterans with large down payments.
Yes. Veterans can choose either loan. Some prefer conventional when putting 20% down to avoid the VA funding fee.
Veterans with full entitlement have no VA loan limit. Reduced entitlement borrowers may face county limits.
The VA sets no official minimum, but most lenders in Sonoma require at least a 580–620 score to approve the loan.
Conventional loans often close faster. VA loans require a VA appraisal, which can add a few extra days to the timeline.
No. Veterans with a service-connected disability rating are typically exempt from the funding fee entirely.
VA loans are for primary residences only. A second home or investment property requires a conventional loan.