Question 1

Can I use a VA loan more than once?

Accepted Answer

Yes, VA loan benefits can be used multiple times. Your entitlement restores after paying off and selling a previous VA-financed home. Some veterans can even maintain two VA loans simultaneously with sufficient entitlement.

Question 2

Do VA loans take longer to close in Clovis?

Accepted Answer

Not necessarily. With an experienced VA lender, closing timelines match conventional loans at 30-45 days. The key is working with professionals familiar with VA requirements and documentation processes.

Question 3

What is the VA funding fee in California?

Accepted Answer

The funding fee ranges from 1.4% to 3.6% of the loan amount depending on service type, down payment, and whether it's your first VA loan use. Veterans with service-connected disabilities are exempt from this fee.

Question 4

Can I buy a fixer-upper with a VA loan?

Accepted Answer

The property must meet VA minimum property requirements at purchase. Major issues like roof damage or safety hazards must be repaired before closing. Consider a VA renovation loan for properties needing significant work.

Question 5

Do sellers in Clovis accept VA loan offers?

Accepted Answer

Yes, especially with strong pre-approval and an experienced agent. Many Clovis sellers have worked with VA buyers before. Educating sellers about the process and showing solid financing helps overcome any hesitation.

VA Loans in Clovis: Zero Down Home Financing for Veterans and Active Military