VA Loans vs Conventional: Which Is Best for You?

Choosing the right mortgage can save you thousands. Here’s a side-by-side comparison:

VA Loan

• No down payment required

• No PMI

• Competitive interest rates

• Must meet military service eligibility

Conventional Loan

• Down payment 3–20%

• PMI if <20% down

• Flexible for non-military buyers

• Can have slightly faster approval

Comparison tips

• VA loans are unbeatable for eligible veterans

• Conventional may work if you have high credit and can make a down payment

FAQ

Q: Can I use a VA loan twice?

A: Yes, with remaining entitlement or after selling the first home.

Q: Are VA loans slower to process?

A: Sometimes slightly, but competitive lenders streamline VA approvals.

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