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Paradise is rebuilding. The town has seen steady recovery since the 2018 Camp Fire, and veteran buyers are active in this market.
VA loans are a strong fit here. Home prices in Butte County stay well below California's coastal markets, keeping loan amounts manageable.
0%
Down Payment
620
Typical Min Credit Score
None
PMI Required
2.15% of loan
Funding Fee (First Use)
Vets, Active Duty, Spouses
Who Qualifies
VA Loans in Paradise
You need a Certificate of Eligibility (COE) to use a VA loan. Most veterans, active-duty members, and surviving spouses qualify.
Lenders typically want a 620 credit score. VA has no official minimum, but most lenders set their own floor. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Paradise.
Paradise is rebuilding. The town has seen steady recovery since the 2018 Camp Fire, and veteran buyers are active in this market.
VA loans are a strong fit here. Home prices in Butte County stay well below California's coastal markets, keeping loan amounts manageable.
You need a Certificate of Eligibility (COE) to use a VA loan. Most veterans, active-duty members, and surviving spouses qualify.
Not every lender handles VA loans well. Some are slow with COE processing or unfamiliar with VA appraisal requirements.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find the ones who close VA loans fast and without unnecessary friction.
Paradise has a lot of new construction after the Camp Fire. VA loans work on new builds, but the VA appraisal process can slow things down.
Lock your rate early on new construction. Builder timelines shift, and floating your rate adds real risk. Plan for the VA funding fee — it can be rolled into the loan.
FHA requires 3.5% down and monthly mortgage insurance. VA requires zero down and no PMI. For eligible veterans, VA almost always wins.
USDA is also zero down and covers rural Butte County areas. But USDA has income limits. VA has no income cap — just the debt-to-income ratio lenders apply.
Paradise sits in a FEMA-designated fire hazard zone. VA lenders will require hazard insurance, and fire coverage can be harder to get here.
Budget extra time for insurance sourcing before you close. Some carriers have pulled out of Butte County entirely. Your broker should flag this early.
Yes. VA loans work on new construction. Budget extra time — VA appraisals on new builds run slower than standard resales.
Yes. Veterans with a service-connected disability rating are exempt. Confirm your status with the VA before closing.
They do, but you must secure qualifying hazard and fire insurance first. Some insurers have left this market — start that search early.
VA sets no official minimum, but most lenders require 620. Some wholesale lenders we access go lower on strong files.
Yes. Most borrowers finance it rather than pay it at closing. It adds a small amount to your total loan balance.