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Truckee is a mountain resort town. Prices reflect that — this isn't a starter-home market.
VA loans shine here because zero down preserves cash for closing costs, HOA reserves, and mountain home maintenance.
620 (most lenders)
Min Credit Score
0% for eligible vets
Down Payment
None — ever
Mortgage Insurance
30–45 days
Typical Close Time
Often below conventional
Rate Advantage
VA Loans in Truckee
You need a Certificate of Eligibility and sufficient entitlement. Most lenders want a 620 credit score minimum.
Debt-to-income ratio matters. Most VA lenders cap at 41%, though some go higher with strong residual income.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Truckee.
Truckee is a mountain resort town. Prices reflect that — this isn't a starter-home market.
VA loans shine here because zero down preserves cash for closing costs, HOA reserves, and mountain home maintenance.
You need a Certificate of Eligibility and sufficient entitlement. Most lenders want a 620 credit score minimum.
Most big banks offer VA loans, but their rates and overlays vary widely. A broker shops all of them at once.
We work with 200+ wholesale lenders. That means more VA programs, lower rates, and faster approvals for Truckee buyers.
Truckee has a lot of second homes and vacation rentals. VA loans are for primary residences only — the home must be your main residence.
The VA funding fee applies unless you have a service-connected disability. Factor that into your total loan cost upfront.
FHA requires 3.5% down and monthly mortgage insurance. VA requires neither — it's a better deal if you qualify.
Conventional loans at 5% down come with PMI until you hit 20% equity. VA skips that cost entirely, every month.
Truckee sits in Nevada County at elevation. Some properties have well and septic systems — VA appraisers flag those carefully.
HOA fees are common in Truckee communities like Lahontan and Old Greenwood. High HOAs affect your DTI calculation.
No. VA loans require the property to be your primary residence. Truckee vacation homes don't qualify.
Indirectly, yes. VA appraisers check condition carefully, including roofs and systems stressed by mountain weather.
Veterans with full entitlement have no loan limit. Reduced entitlement borrowers face county conforming limits.
Rates vary by borrower profile and market conditions. Veterans with service-connected disabilities may be exempt entirely.
Only VA-approved condo projects qualify. Verify approval before making an offer — not all Truckee complexes are approved.
Typically 30-45 days. VA appraisals in mountain markets can add time — order one early.