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VA Loans in Vallejo
Vallejo sits between San Francisco and Sacramento with steady inventory for VA buyers. The military connection runs deep here—Mare Island Naval Shipyard shaped this city.
VA loans work well in Vallejo because most homes fall under conforming limits. Travis Air Force Base proximity means active-duty buyers cycle through regularly.
Sellers here know VA deals. Competition exists but isn't as fierce as Napa or Marin. Your zero-down offer competes better than in pricier Bay Area markets.
You need a Certificate of Eligibility from the VA. Active duty requires 90 days of service. Veterans need 90 consecutive days during wartime or 181 days during peacetime.
Credit minimums hit 580-620 with most lenders. No down payment required up to your entitlement limit. Debt-to-income typically caps at 41% but exceptions exist.
The VA funding fee runs 2.15% for first-time zero-down buyers. Disabled veterans pay nothing. Reserves and National Guard members face slightly higher fees.
Not every lender handles VA loans efficiently. Some add overlays that tighten guidelines beyond VA minimums. We access lenders who specialize in military financing.
VA appraisals require MPR compliance—minimum property requirements. Homes need handrails, functioning systems, and weatherproof exteriors. Older Vallejo stock sometimes needs work.
Processing timelines matter when competing with cash offers. Lenders experienced with VA deals close in 25-30 days. Inexperienced ones drag to 45+ days and lose deals.
Vallejo sellers sometimes hesitate on VA offers. They worry about appraisal issues or financing falling through. A strong pre-approval letter from a proven VA lender changes that conversation.
First-time VA buyers often don't realize they can use their benefit multiple times. You can sell and buy again. You can refinance and pull cash out. Your entitlement restores after selling.
The funding fee stings but rolls into your loan amount. Most buyers finance it rather than paying upfront. Disabled veterans get the best deal—full waiver saves thousands.
FHA requires 3.5% down plus monthly mortgage insurance that never drops. VA requires nothing down and MIP ends when you refinance or pay off the loan.
Conventional loans need 5-20% down for competitive rates. VA beats them on rate even with the funding fee factored in. The lifetime benefit outweighs one-time costs.
Jumbo loans enter the picture above $766,550 in Solano County. VA jumbo exists but you'll need a down payment on amounts exceeding your entitlement.
Mare Island has redeveloped into mixed-use neighborhoods with condos and townhomes. VA approves most projects here but some conversions need extra vetting for condo certification.
Downtown Vallejo and Hiddenbrooke see the most VA activity. North Vallejo offers more single-family inventory. South Vallejo prices lower but appraisals get scrutinized more.
Solano County permits faster than Napa or Marin when repairs arise. If the VA appraisal flags issues, sellers here typically address them rather than walking away.
Not if it fails VA minimum property requirements. The home must be move-in ready with working systems, safe stairs, and weatherproof construction.
Some do, but a strong pre-approval from an experienced VA lender levels the field. Sellers near Travis AFB expect and accept VA financing regularly.
You can still use a VA jumbo loan but you'll make a down payment on the amount above your available entitlement. We help structure these deals often.
First-time use costs 2.15% of the loan amount, financed into your mortgage. Disabled veterans and surviving spouses pay zero funding fee.
Legally yes, practically no. If the home appraises low, you're stuck covering the gap in cash or the deal dies anyway.
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.