Question 1

Can I use a VA loan to buy a $2M home in Los Altos?

Accepted Answer

Yes, if you have full entitlement. VA removed loan limits in 2020. Lenders still evaluate your income and credit for large loan amounts.

Question 2

Do VA loans hurt my offer in competitive markets?

Accepted Answer

Less than they used to. Strong preapproval and a clean offer structure matter more than loan type to most sellers.

Question 3

What is the VA funding fee?

Accepted Answer

It's a one-time fee paid to the VA, typically 1.25–3.3% of the loan. You can finance it into the loan instead of paying upfront.

Question 4

Are disabled veterans exempt from the funding fee?

Accepted Answer

Yes. Veterans with a service-connected disability rating are typically exempt. Confirm your status before closing.

Question 5

How long does VA loan approval take in Los Altos?

Accepted Answer

Expect 30–45 days. VA appraisals add time. Getting preapproved early keeps your timeline tight when you find a home.

Question 6

Can I use my VA benefit more than once?

Accepted Answer

Yes. If you've paid off a prior VA loan or sold the home, your entitlement restores. Partial entitlement situations need a broker to review.

VA Loans in Los Altos, CA: Zero Down for Veterans