Question 1

Do I need to put money down on a VA loan in Eureka?

Accepted Answer

No. VA loans require zero down. You buy the full $750,000 with no cash required at closing. That's the core advantage — you keep your savings intact.

Question 2

What's my monthly payment on a $750K VA loan at 5.5%?

Accepted Answer

Principal and interest run $4,258 per month. That's based on a $750,000 loan at 5.5% APR over 30 years. Add property taxes, insurance, and HOA if applicable — your total housing payment will be higher.

Question 3

Do I need a disability rating to qualify for a VA loan?

Accepted Answer

No. Any eligible veteran, active-duty service member, or surviving spouse can qualify. A 10% or higher disability rating waives the funding fee, but it's not required to get the loan.

Question 4

What credit score do I need for a VA loan in Eureka?

Accepted Answer

Most lenders require 740 FICO minimum. Some will go lower with compensating factors, but 740 is the standard floor. Your VA rep will review your full credit profile.

Question 5

How much does the VA funding fee cost?

Accepted Answer

First-time VA users pay 2.15% of the loan amount. On $750,000, that's roughly $16,125 added to your loan balance. Disabled vets rated 10% or higher pay zero.

VA 30-Year Fixed in Eureka: Zero Down, $750K Purchase at 5.5%