Loading
Loading
Bishop sits in the Owens Valley, surrounded by the Eastern Sierra. It's a small market, which means inventory is tight and sellers move fast.
VA buyers here have a real edge. Zero down keeps cash in your pocket when competition heats up.
0%
Down Payment
620
Typical Min Credit
None
Mortgage Insurance
2.15% (typical)
Funding Fee (First Use)
30–45 days
Est. Close Time
VA Loans in Bishop
You need a Certificate of Eligibility and at least 90 days active duty, or 6 years in the National Guard or Reserves.
Most VA lenders want a 620 credit score. VA itself sets no minimum, but lenders do. Debt-to-income under 41% helps, though exceptions exist.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Bishop.
Bishop sits in the Owens Valley, surrounded by the Eastern Sierra. It's a small market, which means inventory is tight and sellers move fast.
VA buyers here have a real edge. Zero down keeps cash in your pocket when competition heats up.
You need a Certificate of Eligibility and at least 90 days active duty, or 6 years in the National Guard or Reserves.
Bishop is a rural market. Not every lender knows how to close VA loans on properties with well and septic, or on rural acreage.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find the ones who know Inyo County property types and won't kill the deal on appraisal issues.
VA appraisals are stricter than conventional. Properties with deferred maintenance, peeling paint, or water issues can stall closing fast.
Get a pre-inspection before you make an offer. It costs $300 and can save you a 30-day delay or a dead deal.
FHA requires 3.5% down and charges mortgage insurance for the life of the loan. VA has no monthly mortgage insurance at all.
USDA is also zero-down but has income limits and geographic restrictions. VA has no income cap and covers Bishop without restrictions.
Many Bishop properties include land, outbuildings, or agricultural use. VA has specific rules on mixed-use and acreage — not every property qualifies.
The Eastern Sierra also has seasonal access issues. VA appraisers must confirm year-round road access. Confirm this early with your agent.
Yes, if the primary use is residential. Properties with excess acreage or active farming may need additional review.
VA removed loan limits for full-entitlement borrowers in 2020. You can buy without a cap if you have full entitlement.
Yes. VA allows well and septic, but both must pass inspection. Many Bishop homes use them — it's standard here.
Rates vary by borrower profile and market conditions. First-time use with zero down runs 2.15% for most veterans. Disabled vets are exempt.
Expect 30-45 days. Rural appraisals in Inyo County can take longer. Starting your COE early speeds things up.
Yes. Unmarried surviving spouses of veterans who died in service or from a service-connected disability are eligible.