Do VA Loans require zero down payment?
Yes, they certainly can be. As a matter of fact, if performed correctly, an eligible veteran can put nothing down and have ALL of his/her closing costs paid by the lender or seller. Most areas have a zero down payment option capped at $417,000. To purchase above that amount requires 25% of the difference (i.e. 25k down on a 517k purchase). However, there are “high cost” counties where one can purchase even higher without any down payment. For 2016, San Diego has a zero down limit of $580,750. Click HERE for a complete list of the zero down limit of every high-cost county in California.
The Chapman Lending Team at HomeBridge Financial is honored to help dozens of veterans utilize their VA home loan benefit each and every year. We ARE NOT a call center. Our goal is to provide the best customer service in the industry along with the most competitive rates and fees.
Semper Fi, Dan Chapman
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