Loan guide, San Diego
VA
Zero down, no monthly mortgage insurance and competitive rates for the people who served.
Down payment from
0%
Credit score from
580
Terms
15 or 30 years, fixed or ARM
VA loans are guaranteed by the U.S. Department of Veterans Affairs. Because of that guarantee, lenders can offer 100% financing without monthly mortgage insurance.
Most borrowers pay a one-time VA funding fee, which can be financed into the loan. Veterans who receive VA disability compensation are usually exempt. The VA sets no minimum credit score; most lenders look for 580 to 620.
Start with your Certificate of Eligibility, we can request it for you
Primary residences only, including 2 to 4 unit homes you live in
Your entitlement can be restored and used again
Why people choose it
No down payment required for eligible borrowers
No monthly mortgage insurance
Limits on certain closing costs protect the borrower
Often the lowest rate of any 30-year option
Watch out for
The funding fee adds to your loan balance unless you are exempt
VA appraisals include minimum property requirements
Not available for investment properties or vacation homes
Is this the right loan for you?
A 20-minute call tells you whether it fits, roughly what it costs and what to gather. No hard credit pull to start.
Guidelines vary by lender and change often. Sample figures only, not a commitment to lend. NMLS # 000000 (demo).
Other loans worth a look.
10 to 30 years, fixed or ARM
Conventional
The most common home loan in the country. Put as little as 3% down, and drop mortgage insurance once you reach 20% equity.
Read the guide
15 or 30 years, fixed
FHA
Government-insured loans with 3.5% down and flexible credit guidelines. Mortgage insurance is part of the package.
Read the guide
15 or 30 years, fixed or ARM
Jumbo
For loan amounts above the conforming limit. Bigger loans, deeper paperwork, and we shop the lenders that price them best.
Read the guide