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Morgan Hill sits in Santa Clara County, one of California's most expensive housing markets. VA loans give eligible veterans real purchasing power here — no down payment required.
Santa Clara County home prices run high. Without VA benefits, many veterans would need six figures saved before closing. This loan eliminates that barrier entirely.
0%
Down Payment
620 typical
Min Credit Score
None
Mortgage Insurance
No cap
Loan Limit (Full)
2.15%
Funding Fee (1st Use)
VA Loans in Morgan Hill
You need a Certificate of Eligibility from the VA. Most lenders also want a 620 credit score, though some go lower for strong borrower profiles.
You must have qualifying military service — active duty, veteran, or surviving spouse. Your debt-to-income ratio matters too. Most lenders cap it at 41%, but exceptions exist.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Morgan Hill.
Morgan Hill sits in Santa Clara County, one of California's most expensive housing markets. VA loans give eligible veterans real purchasing power here — no down payment required.
Santa Clara County home prices run high. Without VA benefits, many veterans would need six figures saved before closing. This loan eliminates that barrier entirely.
You need a Certificate of Eligibility from the VA. Most lenders also want a 620 credit score, though some go lower for strong borrower profiles.
Not every lender handles VA loans well. Some treat them like conventional loans and create unnecessary delays. You want a lender who closes VA deals regularly.
At SRK CAPITAL, we work with 200+ wholesale lenders — several specialize in VA. We know which ones move fast and which ones slow-roll your file.
The VA funding fee trips people up. First-time VA buyers with no down payment pay 2.15% of the loan amount. It rolls into the loan, but it affects your monthly payment.
Disabled veterans are exempt from the funding fee. If you have a service-connected disability rating, that exemption can save you thousands. Confirm your status before closing.
FHA requires 3.5% down and charges mortgage insurance for the life of the loan. VA has no mortgage insurance — ever. For Morgan Hill price points, that difference is significant.
Conventional loans need 5-20% down without PMI assistance. USDA is zero-down but limited to rural zones. Morgan Hill has some USDA-eligible areas — worth checking if VA entitlement is limited.
Morgan Hill has a strong military community given its proximity to Bay Area bases and defense employers. VA loan activity here is real — sellers know these deals close.
Santa Clara County qualifies as a high-cost area. Eligible borrowers with full entitlement face no VA loan limit. That matters when buying in this county.
With full entitlement, there is no loan limit. Borrowers with partial entitlement may have county-based limits applied.
Yes — zero down is a core VA benefit. You'll still need funds for closing costs unless the seller agrees to cover them.
With an experienced VA lender, no. The VA appraisal adds a step, but timelines are similar when the file is clean.
First use with no down payment is 2.15% of the loan amount. It can roll into the loan so you don't pay it upfront.
Yes, unremarried surviving spouses of veterans who died in service or from a service-connected disability qualify.