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Buena Park sits in Orange County where the median household income of $113,702 supports homes in the $750K range comfortably. At 5.49%, a zero-down VA loan on a $750,000 purchase runs $4,254 monthly for principal and interest alone.
VA loans dominate the veteran market here because they eliminate the down payment entirely. No PMI, no reserves required, no waiting for 20% to accumulate. The funding fee replaces what conventional borrowers pay in mortgage insurance over time.
5.49%
Interest Rate
$4,254
Monthly P&I
$750,000
Loan Amount
620
Min FICO
$0
Down Payment
30 days
Lock Period
VA Loans in Buena Park
VA loans require a Certificate of Eligibility from the VA — proof of service, discharge status, or active duty. Credit floor sits around 620, but most lenders prefer 680+. You need zero down and zero reserves because the VA backs the loan.
Orange County's median household income of $113,702 stretches to $750K homes here without strain. A $750K purchase at 5.49% costs $4,254 monthly in principal and interest.
The funding fee on a zero-down VA loan runs 2.15% of the loan amount — about $16,125 on a $750K purchase. That fee can be rolled into the loan or paid upfront. Disabled veterans rated 10% or higher are exempt from the funding fee entirely.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Buena Park.
Buena Park sits in Orange County where the median household income of $113,702 supports homes in the $750K range comfortably. At 5.49%, a zero-down VA loan on a $750,000 purchase runs $4,254 monthly for principal and interest alone.
VA loans dominate the veteran market here because they eliminate the down payment entirely. No PMI, no reserves required, no waiting for 20% to accumulate. The funding fee replaces what conventional borrowers pay in mortgage insurance over time.
VA loans require a Certificate of Eligibility from the VA — proof of service, discharge status, or active duty. Credit floor sits around 620, but most lenders prefer 680+. You need zero down and zero reserves because the VA backs the loan.
California's VA lending market is split between retail banks, credit unions, and mortgage brokers. Most lenders in the state offer VA loans, but approval speed and funding-fee flexibility vary widely.
VA loans close in 30–45 days on average. The VA itself doesn't lend — it guarantees the loan, so the lender (bank, credit union, or broker's wholesale partner) sets the rate and terms.
Recent mortgage trade groups have urged the VA to strengthen loss-mitigation rules for veterans facing hardship. That advocacy signals the VA lending market is competitive and lenders are invested in veteran protections.
VA loans pencil in Buena Park above $600K where the funding fee becomes cheaper than PMI over 10 years. At $750K, the 2.15% funding fee ($16,125) is a one-time cost. A conventional 20% down ($150K) plus PMI for 10 years runs far higher in total dollars.
The real win is zero down. Most vets in Orange County can't accumulate $150K for a 20% down payment while renting. VA loans let you buy now at $750K with no down payment and a 5.49% rate — that's the edge.
Conventional loans at 20% down require $150,000 cash upfront on a $750K purchase. VA loans require zero down. The conventional rate may run 0.125% lower, but you're carrying PMI until 78% LTV or paying $150K cash you don't have.
FHA loans run lower rates than VA but charge mortgage insurance for life if you put down less than 10%. VA's funding fee is paid once. Over 30 years, VA wins for zero-down buyers who can qualify.
Buena Park's proximity to Disneyland, Knott's Berry Farm, and the 91 freeway makes it a magnet for families and commuters. Schools here feed into Orange County's established districts.
Veterans buying in Buena Park often work in aerospace, defense, or local government — industries that value stability and long-term residence. A zero-down VA loan lets you plant roots without draining savings.
Yes. You need a Certificate of Eligibility from the VA proving service, discharge status, or active duty. The VA issues it free online in minutes. Without it, you can't apply for a VA loan anywhere in California.
Principal and interest run $4,254 monthly at 5.49%. That's the rate as of April 21, 2026, on a $750,000 zero-down purchase, 740 FICO, 30-year fixed. Add property taxes, insurance, and HOA for your total housing payment.
Yes. Veterans with a VA disability rating of 10% or higher are exempt from the funding fee entirely. Purple Heart recipients and surviving spouses are also exempt. Check your VA rating online or call the VA to confirm eligibility.
No. The funding fee is a one-time cost (2.15% on zero-down) rolled into your loan or paid upfront. PMI on conventional loans is monthly and cancels at 78% LTV. Over 30 years, VA's one-time fee costs far less.
Typically 30–45 days. The VA's guarantee reduces lender risk, so underwriting moves faster than conventional loans. Brokers often close faster than retail banks because they shop multiple lenders.