Question 1

Can veterans use conventional loans instead of VA?

Accepted Answer

Yes, military status doesn't restrict you to VA loans. Some veterans choose conventional for investment properties or when they've already used VA entitlement.

Question 2

Which loan type closes faster in Patterson?

Accepted Answer

Both take similar timeframes, typically 30-45 days. VA loans require a VA appraisal which can add a few days in some cases.

Question 3

Do VA loans have lower rates than conventional?

Accepted Answer

Rates are comparable as of February 2026. VA often edges slightly lower, but individual rate depends on credit and lender pricing.

Question 4

Can I avoid PMI on conventional with less than 20% down?

Accepted Answer

No, conventional loans require PMI below 20% equity. VA loans never charge PMI regardless of down payment amount.

Question 5

Which loan works better for Patterson first-time buyers?

Accepted Answer

VA if you're military-eligible, hands down. Otherwise conventional with 3-5% down works for most first-timers with solid credit.

Conventional vs VA Loans in Patterson: Which Fits Your Home Purchase?