Question 1

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

Accepted Answer

No. Eligible borrowers with full entitlement put zero down. That's one of VA's biggest advantages over every other loan type.

Question 2

What credit score do VA lenders require?

Accepted Answer

VA itself has no minimum. Most lenders want 620. Some VA-specialized lenders will go to 580 with compensating factors.

Question 3

Can I use a VA loan to buy a condo in Upland?

Accepted Answer

Yes, but the condo project must be VA-approved. Check the VA's condo approval list before you make an offer.

Question 4

What is the VA funding fee?

Accepted Answer

It's a one-time fee rolled into the loan. First-time VA users with zero down pay 2.15%. Disabled veterans are fully exempt.

Question 5

How does a VA loan compare to FHA in San Bernardino County?

Accepted Answer

VA wins on cost for most borrowers — no down payment and no monthly mortgage insurance. FHA makes sense only if you don't qualify for VA.

Question 6

How long does a VA loan take to close in Upland?

Accepted Answer

Typically 30-45 days. A lender experienced with VA appraisals and MPR requirements will keep that timeline tighter.

VA Loans in Upland, CA — Zero Down for Veterans