Question 1

Do I need a down payment for a VA loan in Salinas?

Accepted Answer

No. With full VA entitlement, zero down payment is required. You still pay closing costs unless negotiated with the seller.

Question 2

What is the VA funding fee and do I have to pay it?

Accepted Answer

It's an upfront fee — typically 1.25% to 3.3% — rolled into your loan. Disabled veterans are exempt from paying it.

Question 3

Can I use a VA loan to buy a condo in Salinas?

Accepted Answer

Yes, but the condo complex must be VA-approved. Check the VA condo database before making an offer.

Question 4

How does a VA loan compare to FHA in Monterey County?

Accepted Answer

VA has no mortgage insurance and no required down payment. FHA requires both — VA is cheaper monthly for eligible borrowers.

Question 5

Is there a VA loan limit in Salinas?

Accepted Answer

Not for borrowers with full entitlement. The 2020 Blue Water Navy Act removed county-level loan limits for most VA borrowers.

Question 6

How long does a VA loan take to close in Salinas?

Accepted Answer

Typically 30 to 45 days with an experienced VA lender. The appraisal is often the longest step — order it early.

VA Loans in Salinas, CA — Zero Down for Those Who Served