One of the Most Common Questions From Eligible Veterans

Earl Geoghegan hears one question from eligible veterans again and again: should I use a VA loan or a conventional loan to buy my home? His answer is that both are powerful programs, and the right fit depends on your goal.

When a VA Loan Is an Incredible Fit

VA loans offer a zero down payment, no monthly mortgage insurance, and flexible qualifications. For most eligible veterans, those features make the VA loan an incredible fit. Keeping cash in your pocket at closing and a lower monthly payment can make a meaningful difference, especially for first-time buyers. A one-time VA funding fee may apply depending on your situation.

When a Conventional Loan Can Be the Smarter Choice

Conventional loans can be a smart choice in certain situations. Some buyers want to avoid the VA funding fee. Others are buying a second home or an investment property, which a conventional loan can accommodate. There are also cases where other financing strategies make a conventional loan the better tool. Eligibility and terms depend on your credit, down payment, and the property.

See Both Options Side by Side

The best way to decide is to compare the numbers. As your trusted certified mortgage advisor, Earl takes the time to run both options side by side so you can see every number clearly, including payment, cash to close, and long-term cost, and choose the loan that serves your goals.

Start With a Free Loan Comparison

Text, call, or DM Earl Geoghegan anytime for a free loan comparison, and follow along for more tips that help you make smart moves with your money.

Sources

VA.gov
BenefitS.va.gov
Fanniemae.com
Freddiemac.com
ConsumerFinancialProtectionBureau.gov