Question 1

Do I need a down payment for a VA loan in King City?

Accepted Answer

No. VA loans are zero-down. You pay a funding fee instead of a down payment, and it rolls into the loan balance. No PMI required.

Question 2

What's the monthly payment on a $750,000 VA loan here?

Accepted Answer

Principal and interest run $4,258 monthly at 5.5% on a 30-year fixed. Property taxes, insurance, and HOA (if any) are separate. Rate as of April 8, 2026.

Question 3

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

Accepted Answer

740 FICO is the floor for competitive rates. Some lenders go lower with compensating factors like strong reserves or lower debt-to-income ratio.

Question 4

Can I use my VA loan more than once?

Accepted Answer

Yes. Your entitlement is reusable. Once you pay off a VA loan, you can use your benefit again. You can even have two VA loans open at the same time if you need to.

Question 5

What's the funding fee and can I avoid it?

Accepted Answer

Roughly 2.3% for first-time users; on $750k that's ~$17,250. Only disabled veterans rated 0% by the VA are exempt. It wraps into your loan, so you don't pay cash upfront.

VA loans in King City: zero down, no PMI