Question 1

Can I use a VA loan more than once?

Accepted Answer

Yes. VA entitlement can be restored after a prior loan is paid off. You can reuse it multiple times.

Question 2

Do conventional loans have income limits?

Accepted Answer

Standard conventional loans have no income caps. Some first-time buyer programs do, so check before assuming.

Question 3

Is VA really better than conventional?

Accepted Answer

For eligible borrowers buying with less than 20% down, VA usually wins. No PMI and lower rates add up fast.

Question 4

What credit score does a VA loan require?

Accepted Answer

VA sets no official minimum. Most lenders want 580-620. Stronger credit still gets you a better rate.

Question 5

Can I use conventional if I have VA eligibility?

Accepted Answer

Yes, you can choose either. Some borrowers prefer conventional when buying investment properties or second homes.

Conventional vs VA Loans in Exeter, CA