Question 1

Do I need a down payment for a VA loan in Hemet?

Accepted Answer

No. Eligible veterans can buy with zero down. Putting money down reduces your funding fee and monthly payment.

Question 2

What credit score do I need for a VA loan?

Accepted Answer

Most VA lenders want 620 or higher. Some go lower, but fewer lenders compete at those scores.

Question 3

Can I use a VA loan on a manufactured home in Hemet?

Accepted Answer

Yes, VA does allow manufactured homes. The property must meet VA guidelines and be on a permanent foundation.

Question 4

What is the VA funding fee and can I avoid it?

Accepted Answer

It's a one-time fee from 1.25% to 3.3% of the loan. Veterans with a service-connected disability rating are fully exempt.

Question 5

How long does a VA loan take to close in Riverside County?

Accepted Answer

Expect 30 to 45 days in most cases. VA appraisals can add time if the property needs repairs to meet MPRs.

Question 6

Can surviving spouses use a VA loan in Hemet?

Accepted Answer

Yes. Unremarried surviving spouses of veterans who died in service or from service-connected causes are eligible.

VA Loans in Hemet, CA — Zero Down for Veterans