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VA Loans in Dixon
Dixon sits between Travis Air Force Base and Sacramento, making it a natural fit for military buyers. Many active-duty personnel and veterans choose Dixon for its small-town feel and commute access.
VA loans let you buy here with zero down payment and no PMI. That matters in any market, but especially when you're competing against conventional buyers who need 20% to skip mortgage insurance.
Dixon's newer neighborhoods and established homes both qualify for VA financing. The program works whether you're buying a 1950s ranch or new construction near the ag preserve.
You need a Certificate of Eligibility from the VA. Most veterans with 90+ days of active wartime service or 181+ days during peacetime qualify.
Credit requirements are flexible—many lenders approve at 580-600, though 620 opens more options. The VA doesn't set a minimum score, but individual lenders do.
No down payment is required up to county loan limits. You'll pay a VA funding fee unless you're exempt due to disability rating.
Debt-to-income ratio can go to 50% or higher with strong residual income. The VA cares more about cash left over each month than total debt percentage.
Not every lender handles VA loans well. Some avoid them entirely due to stricter property requirements and longer timelines.
We work with wholesale lenders who specialize in VA financing and understand the appraisal process. They know which Dixon properties will pass VA minimum property requirements.
Rate shopping matters here. VA loan pricing varies widely between lenders even when you have identical credit and loan terms.
Some lenders offer reduced funding fees or seller credit strategies that cut your closing costs. These details separate average deals from great ones.
List your VA eligibility early in the buying process. Sellers in Dixon see multiple offers, and proving you can close fast matters more than your loan type.
Order your COE immediately—it takes 5-10 days if not instant. Delayed eligibility letters kill deals when you're competing for the same house as a conventional buyer.
Watch for well water and septic systems. VA appraisers require testing that adds time and cost. Know which Dixon neighborhoods use city services versus private systems.
Use your funding fee exemption if you have a 10%+ disability rating. That's 1.4-3.6% of the loan amount back in your pocket at closing.
FHA loans require 3.5% down plus monthly mortgage insurance for 11 years minimum. VA loans skip both the down payment and the monthly MI.
Conventional loans need 5-20% down and charge PMI below 20% equity. You'd need $40,000+ down in Dixon to avoid PMI with conventional financing.
USDA loans also offer zero down, but income limits and property location rules disqualify most Dixon buyers. VA has no income caps.
Jumbo loans require 10-20% down and higher credit scores. If you're buying above conforming limits in Dixon, VA jumbo financing still offers zero down for eligible veterans.
Dixon properties built before 1978 need lead-based paint inspections. VA appraisers are strict about chipping paint and outdated systems in older homes.
Agricultural zoning near town limits can complicate VA appraisals. If the property has commercial ag use or sits on land zoned for farming, expect extra scrutiny.
Solano County transfer taxes and typical closing costs run 2-3% of purchase price. VA allows sellers to pay up to 4% in concessions, which can cover most or all of these.
Commute buyers often want Dixon for the I-80 access but work in Fairfield or Sacramento. Stable employment outside city limits doesn't affect VA approval as long as commute is reasonable.
Yes. You can reuse VA loan benefits after selling or refinancing a previous VA-financed home. Some veterans use them multiple times throughout their lives.
VA requires homes to be move-in ready. Sellers must fix safety issues and systems before closing, or you need a renovation loan instead.
Not if you're preapproved and can close on time. Strong financing beats loan type when sellers compare multiple offers in similar price ranges.
Standard VA loans require livable condition. For fixers, you need a VA renovation loan which combines purchase price and repair costs into one mortgage.
Preapproval takes 1-3 days. Full underwriting runs 3-4 weeks including appraisal, similar to conventional loans when you have an experienced VA lender.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.