Question 1

What's the VA loan limit in Hillsborough?

Accepted Answer

San Mateo County limit is $1,149,825 for 2026. Above that, you need 25% down on the excess amount in a jumbo VA structure.

Question 2

Do I pay PMI on a VA loan?

Accepted Answer

No. VA loans never require monthly mortgage insurance. You pay a one-time funding fee instead—2.15% for first use with zero down.

Question 3

Can I use a VA loan on a fixer-upper in Hillsborough?

Accepted Answer

Only if repairs meet VA minimum property standards before closing. Major issues—foundation, roof, safety hazards—must be fixed by the seller or through escrow holdback.

Question 4

How does the funding fee waiver work?

Accepted Answer

Veterans with service-connected disabilities pay zero funding fee. That waiver saves over $30K on a typical Hillsborough purchase—file your disability rating with your COE.

Question 5

Will rate cuts later this year help Hillsborough buyers?

Accepted Answer

Possibly. Fed officials expect cuts in coming months, which may lower mortgage rates. Timing the market rarely works—buy when you find the right property and can qualify.

VA Loans in Hillsborough: Zero Down in San Mateo County's Premium Market