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Oceanside's $750K median sale price sits comfortably within VA loan limits for San Diego County. At 5.5% interest, that purchase runs $4,258 monthly for principal and interest alone.
The VA funding fee replaces traditional mortgage insurance. First-time users pay 2.15% of the loan amount upfront, rolled into the loan. Disabled veterans rated 10% or higher, Purple Heart recipients, and surviving spouses skip the funding fee entirely.
5.5%
Interest Rate
$4,258
Monthly P&I
620+
FICO Floor
$0
Down Payment
2.15% (first-time)
Funding Fee
30 days
Lock Period
VA Loans in Oceanside
VA loans require a Certificate of Eligibility (COE) proving service. Credit floor is typically 620 FICO, though 740+ is standard for conventional lenders. Zero down is the defining feature — you need no savings for a down payment.
At $750K, your monthly payment lands at $4,258 for principal and interest. Add property taxes, insurance, and HOA if applicable — total housing expense typically runs 28-35% of gross income.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Oceanside.
Oceanside's $750K median sale price sits comfortably within VA loan limits for San Diego County. At 5.5% interest, that purchase runs $4,258 monthly for principal and interest alone.
The VA funding fee replaces traditional mortgage insurance. First-time users pay 2.15% of the loan amount upfront, rolled into the loan. Disabled veterans rated 10% or higher, Purple Heart recipients, and surviving spouses skip the funding fee entirely.
VA loans require a Certificate of Eligibility (COE) proving service. Credit floor is typically 620 FICO, though 740+ is standard for conventional lenders. Zero down is the defining feature — you need no savings for a down payment.
VA loans in California move through both retail banks and mortgage brokers. Brokers typically close faster — 21-30 days — because they shop multiple lenders and avoid internal underwriting delays. Retail banks run 35-45 days.
Most California lenders accept VA loans up to the conforming limit ($1.104M in San Diego County). Above that, jumbo VA programs exist but require 20% down and tighter credit. At $750K, you're in the sweet spot where every lender competes.
VA loans make sense in Oceanside when you're buying at or below the conforming limit and have stable income. At $750K with 5.5% rates, the zero-down feature saves you $150K in cash at purchase. That's capital you keep for reserves, home repairs, or life.
VA loans don't pencil when you're buying a jumbo property above $1.104M. Jumbo VA programs require 20% down and run 0.5-0.75% higher in rate. Conventional jumbo becomes cheaper.
Conventional loans at the same $750K price require 10-20% down ($75K-$150K) or carry PMI if you put less. VA requires zero down. That's the core trade: VA saves cash upfront but adds a funding fee.
FHA loans run lower rates than VA but carry mortgage insurance for the life of the loan if you put down less than 10%. At $750K, FHA's lifetime MIP costs more over 30 years than VA's one-time funding fee.
Oceanside's military presence — Camp Pendleton is 15 minutes north — means VA lenders here understand the program inside out. Local title companies and appraisers move fast on VA deals because they process them constantly.
The city's median home price of $750K sits in the VA sweet spot. You're not fighting jumbo overlays or stretched debt ratios. Schools, beaches, and the downtown revitalization draw military families and retirees.
Principal and interest run $4,258 monthly at 5.5% on a $750K loan. Add property taxes, insurance, and HOA — total housing cost typically lands at $5,200-$5,800 depending on your specific property.
No. The 2.15% funding fee ($16,125 on a $750K loan) rolls into your loan balance. You don't pay it at closing. If you're a disabled veteran rated 10% or higher, Purple Heart recipient, or surviving spouse, you skip the fee entirely.
Yes. Active-duty service members qualify for VA loans the same way veterans do. You need a Certificate of Eligibility (COE) from the VA, 620+ FICO, and a debt-to-income ratio under 41-50%.
VA wins on lifetime cost. FHA rates run lower but carry mortgage insurance for life if you put down less than 10%. VA's one-time funding fee is cheaper over 30 years. Plus, VA requires zero down while FHA requires 3.5% minimum.
Your spouse can be on the loan. The VA doesn't require your spouse to be a veteran. Both of you are liable for the debt, and both names appear on the deed.