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Los Gatos sits in one of California's most expensive zip codes. Silicon Valley prices mean every financing advantage matters.
VA loans eliminate the down payment requirement entirely. In a market like Los Gatos, that's a significant barrier removed.
0%
Down Payment
620 (typical)
Min Credit Score
None
Mortgage Insurance
2.15% (typical)
Funding Fee (1st Use)
30-45 days
Typical Close Time
VA Loans in Los Gatos
You need a Certificate of Eligibility and sufficient entitlement. Most lenders want a 620 credit score, though VA itself sets no minimum.
Active-duty members, veterans with honorable discharge, and surviving spouses all qualify. Service length requirements vary by era.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Los Gatos.
Los Gatos sits in one of California's most expensive zip codes. Silicon Valley prices mean every financing advantage matters.
VA loans eliminate the down payment requirement entirely. In a market like Los Gatos, that's a significant barrier removed.
You need a Certificate of Eligibility and sufficient entitlement. Most lenders want a 620 credit score, though VA itself sets no minimum.
Not every lender handles VA loans well. Some charge excessive fees or slow down the appraisal process unnecessarily.
We work with 200+ wholesale lenders. We know which ones close VA loans fast and treat veterans right.
VA loans have a funding fee — typically 2.15% for first use with zero down. Disabled veterans are exempt.
Sellers sometimes hesitate on VA offers due to appraisal requirements. A strong pre-approval letter closes that gap fast.
Conventional loans require 5-20% down and charge PMI below 20%. VA skips both. That's real money in Los Gatos.
FHA loans require 3.5% down and carry lifetime mortgage insurance premiums. VA beats FHA on total cost for eligible borrowers.
Santa Clara County has a large active-duty and veteran population tied to nearby military installations and tech sector veterans.
Los Gatos home prices regularly push into jumbo territory. VA jumbo loans exist but require more lender vetting to place correctly.
Yes, if you have full entitlement. Most veterans with no prior VA loan balance qualify for zero down regardless of purchase price.
First-time use with zero down is typically 2.15%. Disabled veterans are fully exempt from this fee.
Yes. VA jumbo loans are available. Lender requirements are stricter, but eligible veterans can still finance high-value homes.
Most will with a strong pre-approval. VA appraisals have property standards that some sellers misunderstand — good preparation matters.
Typically 30-45 days. The VA appraisal adds time. Choosing a lender experienced with VA deals keeps the timeline tight.