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San Bernardino's median home price sits around $750,000 for a single-family primary residence. At 5.5%, a zero-down VA loan on that purchase carries a monthly principal and interest payment of $4,258.
The county's median household income of $82,184 stretches further with VA rates than conventional financing at the same price point. Veterans here are buying without the 20% down barrier that stops many conventional buyers.
5.5%
Interest Rate
$4,258
Monthly P&I
$750,000
Loan Amount
740
FICO (Scenario)
$0
Down Payment
30 days
Lock Period
VA Loans in San Bernardino
VA loans require a Certificate of Eligibility from the VA — proof of service, active duty, or surviving spouse status. Credit floor is typically 620 FICO, though most lenders prefer 680+. This scenario assumes 740 FICO.
San Bernardino's $750,000 purchase price sits well within the VA conforming limit of $832,750. The county's $82,184 median household income means a $750K purchase stretches debt-to-income ratios — but VA underwriting is more flexible on DTI than conventional.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in San Bernardino.
San Bernardino's median home price sits around $750,000 for a single-family primary residence. At 5.5%, a zero-down VA loan on that purchase carries a monthly principal and interest payment of $4,258.
The county's median household income of $82,184 stretches further with VA rates than conventional financing at the same price point. Veterans here are buying without the 20% down barrier that stops many conventional buyers.
VA loans require a Certificate of Eligibility from the VA — proof of service, active duty, or surviving spouse status. Credit floor is typically 620 FICO, though most lenders prefer 680+. This scenario assumes 740 FICO.
VA loans in California move through both retail lenders and mortgage brokers. Retail banks (Wells Fargo, Chase, Bank of America) offer VA programs but often with tighter overlays and slower timelines.
Closing timelines for VA loans run 30-45 days on average in California. The VA appraisal process adds 7-10 days compared to conventional. Most lenders now offer digital closings, which speeds things up.
VA financing makes sense in San Bernardino when you're buying at or below the $832,750 conforming limit and have stable income. At $750,000, the math is clean — you avoid the 20% down requirement that would cost $150,000 in cash.
VA doesn't pencil if you're buying above $832,750 in San Bernardino. Jumbo VA loans exist but carry higher rates and tighter credit overlays.
Conventional financing at $750,000 requires 20% down ($150,000) to avoid PMI. VA requires zero down. That's the headline difference.
FHA is another zero-down option, but FHA mortgage insurance runs for the life of the loan if you put down less than 10%. VA funding fee is a one-time cost. Over 30 years, VA's structure wins.
San Bernardino has a strong military presence through nearby bases and veteran communities. The VA loan market here is active — lenders understand the local veteran population and process applications efficiently.
The county's $82,184 median household income means most San Bernardino buyers are stretching to afford $750,000. VA financing removes the down-payment barrier that would otherwise force a move to a lower price point.
No. You need a Certificate of Eligibility from the VA, which covers veterans, active-duty service members, National Guard, Reserves, and surviving spouses. Call the VA or apply online to verify your eligibility before starting the mortgage process.
Principal and interest run $4,258 per month on a $750,000 loan at 5.5% APR with a 30-year term. Add property taxes, insurance, and HOA fees if applicable.
No. The funding fee is a one-time upfront cost (about $1,478 on a $750,000 loan) that replaces PMI. It never recurs and never cancels. PMI on a conventional loan with less than 20% down runs monthly and cancels at 78% LTV.
Yes, if you have a 10% or higher VA disability rating, are a Purple Heart recipient, or are a surviving spouse of a service member. The lender verifies this automatically. Otherwise, the funding fee applies to all VA loans.
VA's minimum is 620 FICO, but most lenders prefer 680+. This scenario assumes 740 FICO. The higher your score, the faster underwriting moves and the fewer conditions the lender will impose.