Question 1

Can I use a VA loan to buy new construction in Perris?

Accepted Answer

Yes, VA loans work great for new builds. Builders often cover closing costs, and new homes rarely trigger appraisal repair requirements that delay older properties.

Question 2

What's the VA funding fee in Riverside County?

Accepted Answer

First-time VA buyers pay 2.15% of the loan amount with zero down. You can roll this into the loan. Disabled veterans and some survivors get the fee waived.

Question 3

Do all Perris homes qualify under the VA loan limit?

Accepted Answer

Most do. The 2024 limit is $766,550 for Riverside County. Homes above this need a down payment on the excess amount.

Question 4

How long does VA underwriting take for Perris properties?

Accepted Answer

We close most Perris VA loans in 25-30 days. Older homes needing repairs add 1-2 weeks for fixes and re-inspection.

Question 5

Can I waive appraisal contingencies with a VA loan?

Accepted Answer

Not advisable. VA appraisals protect you from overpaying and catch safety issues sellers must fix. Waiving this puts you at risk in competitive bidding.

Question 6

Does living near March Air Reserve Base affect VA approval?

Accepted Answer

No. Proximity to the base doesn't impact eligibility. You'll sign noise disclosures, but VA lenders approve these properties regularly.

VA Loans in Perris: Zero Down for Veterans in Riverside County