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Colfax sits in the Sierra Nevada foothills of Placer County. It draws veterans who want rural character without leaving Northern California.
VA loans are one of the strongest tools for buying here. No down payment means you keep cash reserves for mountain property costs.
0%
Min Down Payment
620
Typical Min Credit Score
2.15%
VA Funding Fee (1st Use)
30–45 Days
Typical Close Time
None
Monthly PMI
VA Loans in Colfax
You need a Certificate of Eligibility and at least 90 days active service, or 181 days during peacetime. Surviving spouses of veterans may also qualify.
Most lenders want a 620 credit score, though VA itself sets no minimum. Debt-to-income ratio matters — most lenders cap it at 41%, but exceptions exist.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Colfax.
Colfax sits in the Sierra Nevada foothills of Placer County. It draws veterans who want rural character without leaving Northern California.
VA loans are one of the strongest tools for buying here. No down payment means you keep cash reserves for mountain property costs.
You need a Certificate of Eligibility and at least 90 days active service, or 181 days during peacetime. Surviving spouses of veterans may also qualify.
Not every lender handles VA loans the same way. Some add overlays — extra requirements beyond VA guidelines — that make approval harder than it needs to be.
At SRK CAPITAL, we work with 200+ wholesale lenders. We match your profile to lenders who actually specialize in VA, not those just going through the motions.
Colfax properties sometimes include well, septic, or acreage. VA appraisers scrutinize these closely. Get the inspection done before the appraisal — not after.
VA has a funding fee. First-time use with zero down is 2.15% of the loan amount. Disabled veterans are exempt. Roll it into the loan or pay at closing.
FHA requires 3.5% down and monthly mortgage insurance. VA requires nothing down and no monthly PMI — ever. For eligible borrowers, VA wins almost every time.
USDA also offers zero down but restricts eligible areas. Colfax may qualify for USDA, but VA has no income caps and fewer property restrictions.
Placer County has a strong veteran population along the I-80 corridor. Colfax is affordable relative to Roseville or Rocklin, which makes VA's zero-down advantage stretch further.
Mountain properties here can have deferred maintenance. VA minimum property requirements mean the home must be move-in ready. Budget for repairs before you close.
Yes, if a livable home sits on the land. VA won't finance vacant land alone. The property must meet VA minimum property requirements.
Yes, but VA requires water and septic tests before closing. Budget time for that — it adds days to the process.
Veterans with full entitlement have no loan limit. If you have a prior VA loan, partial entitlement rules apply.
Typically 30-45 days. Rural properties with well and septic can add a week. Choose a lender experienced with VA appraisals.
Yes. Unremarried surviving spouses of veterans who died in service or from a service-connected disability are eligible.
Not always. Veterans with a service-connected disability rating are exempt. Everyone else pays it — rates vary by use and down payment.