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Del Mar sits in one of California's most competitive coastal markets. A $750,000 purchase at 5.5% runs $4,258 monthly for principal and interest alone. For eligible veterans, the VA loan removes the down-payment barrier entirely.
San Diego County's median household income of $102,285 stretches across a wide range of neighborhoods. In Del Mar, zero-down financing means qualified veterans can compete without saving years for a 20% down payment.
5.5%
Interest Rate
$4,258
Monthly P&I
620
Min. Credit Score
$0
Down Payment
2.15%
Funding Fee
30 days
Lock Period
VA Loans in Del Mar
VA loans require a Certificate of Eligibility from the VA. Credit score floors typically start at 620, though most lenders prefer 740+. You need zero down — the loan covers the full purchase price with no equity injection.
The funding fee is 2.15% on a zero-down first-time use (about $16,125 on a $750K loan). That fee rolls into the loan balance. San Diego County's median household income of $102,285 supports homes in this price range comfortably with a VA loan.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Del Mar.
Del Mar sits in one of California's most competitive coastal markets. A $750,000 purchase at 5.5% runs $4,258 monthly for principal and interest alone. For eligible veterans, the VA loan removes the down-payment barrier entirely.
San Diego County's median household income of $102,285 stretches across a wide range of neighborhoods. In Del Mar, zero-down financing means qualified veterans can compete without saving years for a 20% down payment.
VA loans require a Certificate of Eligibility from the VA. Credit score floors typically start at 620, though most lenders prefer 740+. You need zero down — the loan covers the full purchase price with no equity injection.
VA lending in California is dominated by large portfolio lenders and correspondent banks. Retail banks often have tighter overlays on credit and reserves. Brokers can shop multiple lenders to find the best fit for your specific situation.
Closing timelines for VA loans run 30–45 days on average. Appraisals require VA-approved inspectors. The VA funding fee is non-negotiable, but lenders compete on rate and closing costs.
VA loans pencil in Del Mar when you're comparing against conventional 20% down. At $750,000, putting 20% down means $150,000 out of pocket plus closing costs. The VA loan costs $16,125 in funding fee but zero down payment.
The math flips if you have cash reserves. Conventional loans at this price run slightly lower rates than VA. But if you're choosing between VA zero-down and conventional 10% down, VA wins on total cash outlay.
Conventional loans at this price typically require 10–20% down and carry PMI until 78% LTV. VA requires zero down and has no PMI ever. The tradeoff: conventional rates run slightly lower, but you're putting down $75,000–$150,000 upfront.
FHA loans also go zero-down but carry lifetime mortgage insurance if you put less than 10% down. VA has no lifetime insurance — the funding fee is paid once at closing. For a $750K purchase, VA costs less over the life of the loan.
Del Mar's coastal location and school district draw families and retirees. The area's stability supports long-term home values. Veterans buying here benefit from zero-down financing that lets them enter the market without delaying for years.
San Diego's military presence — Naval Base San Diego, Camp Pendleton nearby — means VA lending is well-established. Local lenders understand VA appraisals and timelines. That familiarity speeds closings and reduces friction.
No. Veterans, active-duty service members, National Guard, and surviving spouses with a Certificate of Eligibility all qualify. You need proof of service and a valid COE from the VA.
At 5.5% APR on a $750,000 loan, principal and interest runs $4,258 monthly. That's before property taxes, insurance, and HOA fees. The rate shown is as of April 15, 2026, with 0.197 discount points ($1,478 upfront).
No. The funding fee is a one-time cost (2.15% on first-time use, about $16,125 on $750K) paid at closing. PMI is monthly. VA has no monthly insurance. Disabled veterans rated 10%+ are exempt from the funding fee.
Yes. You can reuse your VA benefit after you sell or refinance. Subsequent use carries a 3.3% funding fee instead of 2.15%. You can use it multiple times over your lifetime.
Most lenders require 620+ FICO minimum, but 740+ is preferred for the best rates. At 740 FICO, you'll qualify for the rates shown here. Lower scores may face higher rates or additional requirements.