Question 1

Can I use a VA loan if I already own a home?

Accepted Answer

Yes, if you have remaining entitlement or pay off the first VA loan. Many veterans use it twice for different properties.

Question 2

What's the VA funding fee in Soledad?

Accepted Answer

2.15% for first-time users with zero down, lower with a down payment. Disabled veterans and some spouses pay nothing.

Question 3

Do VA loans work for Soledad's older homes?

Accepted Answer

Yes, as long as the home passes a VA appraisal checking safety and structural soundness. Minor repairs often required.

Question 4

How fast do VA loans close in Monterey County?

Accepted Answer

Typically 30-40 days with an experienced lender. USDA loans often take 45-60 days by comparison.

Question 5

Can National Guard members use VA loans?

Accepted Answer

Yes, after six years of service. Reserves and Guard follow the same eligibility as active duty with longer time requirements.

VA Loans in Soledad: Zero Down for Veterans in Monterey County