Question 1

Can I use a VA loan more than once in Visalia?

Accepted Answer

Yes. VA entitlement can be restored after you sell and pay off a prior VA loan. Some veterans carry two VA loans at once under certain conditions.

Question 2

Does a VA loan take longer to close than conventional?

Accepted Answer

VA loans require a VA appraisal, which can add a few days. Most close in the same 30-45 day window as conventional loans.

Question 3

What credit score do I need for a VA loan?

Accepted Answer

The VA itself doesn't set a minimum. Most lenders in our network want at least 580-620. Stronger scores still get better rates.

Question 4

Is PMI ever required on a VA loan?

Accepted Answer

No. VA loans never require PMI. The VA guarantee replaces the protection that PMI provides on conventional loans.

Question 5

Can non-veterans use a conventional loan to buy in Visalia?

Accepted Answer

Absolutely. Conventional is the standard loan type for most buyers. You'll need to meet credit, income, and down payment requirements.

Question 6

Which loan has stricter property requirements?

Accepted Answer

VA loans require the property to meet Minimum Property Requirements set by the VA. Conventional appraisals are generally less restrictive.

Conventional vs VA Loans in Visalia, CA