Question 1

Is there a loan limit for VA loans in Los Altos Hills?

Accepted Answer

Borrowers with full VA entitlement have no loan limit. You can buy at Los Altos Hills price points without a cap on the VA guarantee.

Question 2

Do I need a down payment on a VA loan here?

Accepted Answer

Zero down is allowed with full entitlement. No down payment required regardless of the purchase price.

Question 3

Will sellers accept VA offers in Los Altos Hills?

Accepted Answer

Some sellers hesitate, but a strong pre-approval letter helps. We write letters that address VA appraisal requirements upfront.

Question 4

What is the VA funding fee and can I avoid it?

Accepted Answer

The funding fee is typically 2.15% for first-time use with zero down. Veterans with service-connected disabilities are exempt entirely.

Question 5

Do VA loans work on properties with wells and septic systems?

Accepted Answer

Yes, but VA requires water and septic tests. Plan for added inspection costs and a few extra days in escrow.

Question 6

How does a VA loan compare to a jumbo loan here?

Accepted Answer

VA requires no down payment and no PMI. Jumbo conventional loans typically require 10-20% down plus reserves.

VA Loans in Los Altos Hills: Zero Down in Silicon Valley