Dan Chapman

Branch Manager, Mortgage Loan Originator

NMLS #1100657
Dec 21 2015
18 posts

Do VA loans require zero down payment?

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.

Other VA Loan Questions:

Semper Fi, Dan Chapman

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About the author:  Dan Chapman is the branch manager at HomeBridge Financial Services in North County San Diego, CA.  HomeBridge performs VA loans in 46 states.  Dan is a Naval Academy graduate, served as a Captain (O-3) in the Marine Corps, and is a Operation Iraqi Freedom veteran.  He has been focused on helping active duty military and veterans attain the dream of home ownership since 2007.  He is actively involved in several local veteran causes and performs VA loan seminars throughout greater San Diego on a monthly basis.  For a free consultation, please contact us anytime.



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