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Laguna Beach sits at the high end of Orange County's market. A $750,000 purchase on a VA 30-year fixed runs $4,254 monthly for principal and interest at 5.49%. That's the only way to buy here without a down payment.
VA loans carry no PMI and no down-payment requirement for eligible veterans and active duty. The funding fee replaces mortgage insurance. For a $750,000 loan, that fee is built into your balance — not a separate bill.
5.49%
Interest Rate
$4,254
Monthly P&I
740
Min FICO
$750,000
Loan Amount
$0
Down Payment
30 days
Lock Period
VA Loans in Laguna Beach
VA loans require a Certificate of Eligibility and a 740+ FICO to qualify at this price point. Down payment is zero. Your debt-to-income ratio must stay below 41% — that's your total monthly debt divided by gross income.
Orange County's median household income is $113,702. A household earning that amount carries roughly $3,900 in monthly debt capacity at 41% DTI. That leaves room for a $4,254 mortgage payment plus taxes, insurance, and HOA fees in Laguna Beach.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Laguna Beach.
Laguna Beach sits at the high end of Orange County's market. A $750,000 purchase on a VA 30-year fixed runs $4,254 monthly for principal and interest at 5.49%. That's the only way to buy here without a down payment.
VA loans carry no PMI and no down-payment requirement for eligible veterans and active duty. The funding fee replaces mortgage insurance. For a $750,000 loan, that fee is built into your balance — not a separate bill.
VA loans require a Certificate of Eligibility and a 740+ FICO to qualify at this price point. Down payment is zero. Your debt-to-income ratio must stay below 41% — that's your total monthly debt divided by gross income.
VA loans in California are offered by both banks and mortgage brokers. Brokers typically close faster because they shop multiple lenders. Banks process in-house but may have longer timelines. Most lenders close VA loans in 30-45 days.
The VA loan market is competitive on rate but strict on documentation. Lenders verify your Certificate of Eligibility with the VA directly. Appraisals take longer because the VA requires a full property inspection. Plan for a 30-day lock minimum.
VA loans make sense in Laguna Beach when you're eligible and have a 740+ FICO. The zero-down feature is the only way to buy at $750,000 without savings. Above that price, jumbo VA loans exist but require 10-20% down.
The real advantage is the funding fee structure. At zero down, your 2.15% funding fee is financed into the loan. That's cheaper than conventional PMI over 10 years. Conventional would cost 0.5-1.0% annually on the unpaid balance.
Conventional loans at $750,000 require 20% down ($150,000) to avoid PMI. With 10% down, you'd carry PMI for 11 years. VA requires zero down and no PMI ever — the funding fee is your only insurance cost.
FHA loans run lower rates but carry lifetime mortgage insurance if you put down less than 10%. VA has no lifetime insurance. For Laguna Beach prices, VA's zero-down structure beats both conventional and FHA when you're eligible.
Laguna Beach's coastal location and school district draw buyers from across Southern California. The median home price reflects that demand — $750,000 is entry-level here. VA loans let military families compete without years of down-payment saving.
The Orange County real estate market moves fast. Homes in Laguna Beach sell within 30-45 days on average. A VA loan with a 30-day lock keeps you competitive in multiple-offer situations.
No. Active duty, veterans, National Guard, and surviving spouses with a Certificate of Eligibility all qualify. You don't need to be currently serving. Call for your eligibility verification.
Principal and interest run $4,254 per month. Add property taxes, insurance, and HOA fees — typically $2,500-3,500 more monthly in Laguna Beach. Your total housing payment will be $6,700-7,700.
No. The 2.15% funding fee is financed into your loan balance. You don't write a check. It increases your loan amount by roughly $16,125 on a $750,000 purchase.
Possibly, but rates will be higher and approval takes longer. Most lenders want 740+ for Laguna Beach prices. Scores below 680 face significant overlays. Get pre-qualified to know your exact rate.
Your funding fee is waived entirely. You pay zero fee and finance zero fee. That saves $16,125 on a $750,000 loan. Purple Heart recipients and surviving spouses are also exempt.