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Graeagle sits in Plumas County's mountain region where $750,000 purchases a solid family home. At 5.5%, your principal and interest runs $4,258 monthly on a zero-down VA loan. That rate locks for 30 days and includes 0.197 points ($1,478 upfront).
The county's median household income of $64,946 stretches further in Graeagle than coastal California. Most VA buyers here are relocating from the Bay Area or Sacramento, seeking mountain living without the six-figure down payment.
5.5%
Interest Rate
$4,258
Monthly P&I
620
Min FICO
$0
Down Payment
2.15% ($16,125)
Funding Fee
28-35 days
Close Timeline
VA Loans in Graeagle
VA loans in Graeagle require a Certificate of Eligibility from the VA. Credit floor is 620 FICO, though most lenders prefer 680+. You need zero down — the entire $750,000 purchase price finances.
The county's median household income of $64,946 means a household earning $80,000 can comfortably carry a $750,000 VA loan here. Funding fee replaces PMI. First-time users pay 2.15% of the loan amount ($16,125).
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Graeagle.
Graeagle sits in Plumas County's mountain region where $750,000 purchases a solid family home. At 5.5%, your principal and interest runs $4,258 monthly on a zero-down VA loan. That rate locks for 30 days and includes 0.197 points ($1,478 upfront).
The county's median household income of $64,946 stretches further in Graeagle than coastal California. Most VA buyers here are relocating from the Bay Area or Sacramento, seeking mountain living without the six-figure down payment.
VA loans in Graeagle require a Certificate of Eligibility from the VA. Credit floor is 620 FICO, though most lenders prefer 680+. You need zero down — the entire $750,000 purchase price finances.
VA loans in California move through both retail banks and mortgage brokers. Brokers typically close faster — 21 to 28 days — because they shop multiple lenders. Retail banks (Wells Fargo, Bank of America) take 30-45 days.
Underwriting is stricter than FHA but faster than jumbo. Lenders verify your Certificate of Eligibility electronically. Property appraisals run $400-$600. Funding fee is rolled into the loan, not paid upfront.
VA loans pencil in Graeagle when you're buying above $600,000. Below that, FHA's lower rates offset the lifetime mortgage insurance. Above $750,000, you hit jumbo territory and lose the VA rate advantage.
The county's median income of $64,946 means most Graeagle buyers are either relocating professionals or retirees with outside income. VA financing lets them skip the down-payment grind.
Conventional loans at this price require 20% down ($150,000) to avoid PMI. VA requires zero down and no PMI ever. The tradeoff: conventional rates run 0.25-0.5% lower because they carry less risk.
FHA loans go lower still in rate but carry lifetime mortgage insurance if you put down less than 10%. On a $750,000 FHA loan, that insurance runs $250-$300 monthly forever. VA's 2.15% funding fee ($16,125 total) is a one-time cost.
Graeagle's mountain location means property appraisals take longer and cost more. Lenders require detailed inspections for septic systems, well water, and forest fire risk. VA appraisals are thorough — expect 45-60 days for the full process.
The county's small population (19,607) means fewer local lenders. Most Graeagle VA buyers work with Sacramento or Bay Area brokers who understand mountain properties. Closing happens remotely. Title companies in Quincy (the county seat) handle recording.
No — active duty, veterans, National Guard, Reserves, and surviving spouses of deceased service members all qualify. You need a Certificate of Eligibility from the VA. The VA issues it within 5-10 business days online.
Principal and interest run $4,258 monthly at 5.5% on a $750,000 loan. Add property taxes (roughly $1,200/month in Plumas County), insurance ($150/month), and HOA if applicable.
No — VA loans never carry PMI. Instead, you pay a one-time funding fee (2.15% of the loan amount, or $16,125 on $750,000). Disabled veterans rated 10% or higher are exempt from the funding fee entirely.
No — VA loans are for primary residences only. If you're buying a second home or rental property in Graeagle, you'll need a conventional or FHA loan. You can use your VA benefit again if you sell your primary residence and buy another one.
Expect 28-35 days. Mountain properties require longer appraisals (45-60 days) and inspections for septic, well water, and fire risk. Remote closing is standard here. Most lenders lock your rate for 30 days, so timing is tight.