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VA Loans in Suisun City
Suisun City sits adjacent to Travis Air Force Base, making it one of the most VA-loan-friendly markets in Solano County. Most local lenders expect VA buyers and process them efficiently.
The proximity to military installations means sellers here understand VA financing. You won't face the same resistance that VA buyers sometimes encounter in civilian-heavy markets.
You need a Certificate of Eligibility showing sufficient service time or discharge status. Most active-duty members qualify after 90 consecutive days during wartime or 181 days during peacetime.
Credit minimums typically start at 580, though most lenders prefer 620 or higher. Income must support the mortgage payment plus residual income requirements—VA's version of debt-to-income analysis.
We work with 200+ wholesale lenders, and about 60% handle VA loans competently. The difference lies in overlay policies—some cap DTI at 45%, others go to 55% with strong residual income.
Military-focused credit unions often advertise VA loans, but their rates rarely beat wholesale channels. They're captive to their own rate sheets while brokers shop across dozens of investors.
The VA funding fee catches first-time users off guard. It's 2.15% for zero down loans, but you can roll it into the mortgage. Disabled veterans get it waived entirely—make sure your lender checks for exemptions.
Suisun City homes often need minor repairs to pass VA appraisal. Peeling paint and missing handrails kill deals. A good inspector before going under contract saves you from appraisal surprises later.
FHA requires 3.5% down plus monthly mortgage insurance that never drops off. VA eliminates both costs. If you qualify for VA, using FHA instead leaves thousands on the table.
Conventional loans need 5-20% down to avoid PMI and hit their best rates. VA beats them on upfront cash and monthly payment for the same purchase price.
Suisun City's median prices stay below the 2024 VA county limit of $766,550 for Solano County. This means most local properties qualify for full VA financing without requiring a down payment.
Active-duty buyers stationed at Travis should verify their entitlement status before PCS orders arrive. Processing a COE takes 7-10 business days, and you don't want that delay when orders drop suddenly.
Yes. Active-duty service members qualify after 90 consecutive days during wartime. Your COE gets issued through the VA's eBenefits portal or your lender can pull it directly.
You can still use VA financing but must cover 25% of the amount above $766,550 as a down payment. The VA guarantees the first portion, reducing risk for lenders.
Rarely. Most sellers near Travis AFB expect VA buyers and price homes accordingly. Homes that won't pass VA appraisal typically have deferred maintenance issues obvious during showings.
No. VA loans require owner occupancy within 60 days of closing. You can buy a multi-unit property and live in one unit while renting others.
First-time use costs 2.15% with zero down. Subsequent use jumps to 3.3%. Disabled veterans and surviving spouses pay nothing regardless of usage history.
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.