Question 1

Do I need a Certificate of Eligibility to apply for a VA loan in Buena Park?

Accepted Answer

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.

Question 2

What's the monthly payment on a $750,000 VA loan at today's rate?

Accepted Answer

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.

Question 3

Can I avoid the funding fee if I'm a disabled veteran?

Accepted Answer

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.

Question 4

Is the VA funding fee the same as PMI on a conventional loan?

Accepted Answer

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.

Question 5

How long does a VA loan close in Buena Park?

Accepted Answer

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.

VA 30-Year Fixed in Buena Park: Zero-Down Mortgages for Orange County Veterans