Question 1

Can I get a VA loan with zero down in Palo Alto?

Accepted Answer

Yes. VA loans require zero down payment. You'll pay a funding fee (2.15% for first-time use) instead of PMI. On a $750,000 loan, that's $16,125 rolled into your balance.

Question 2

What's my monthly payment on a $750K VA loan at 5.5%?

Accepted Answer

Principal and interest run $4,258 per month on a $750,000 loan at 5.5% APR. Add property tax, insurance, and HOA to get your total. This assumes a 30-day lock as of April 8, 2026.

Question 3

Do I need a disability rating to get the funding fee waived?

Accepted Answer

No, not unless you have a 10% or higher VA disability rating. Purple Heart recipients and surviving spouses are also exempt. Most veterans pay the 2.15% funding fee on first-time use.

Question 4

What credit score do I need for a VA loan in Palo Alto?

Accepted Answer

Most lenders require 740 FICO minimum for VA loans at this price point. Some may go lower with compensating factors like strong income or reserves.

Question 5

How does a VA loan compare to putting 20% down conventional?

Accepted Answer

VA requires zero down and no PMI. Conventional at 20% down requires $150,000 cash upfront but has no funding fee. VA's funding fee ($16,125) costs less than PMI would on a smaller down payment over 30 years.

VA 30-year fixed loans in Palo Alto: zero down, $750K purchase at 5.5%