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Simi Valley has a strong military community. Veterans and active-duty families buying here have a real advantage with VA financing.
VA loans remove the biggest barrier in Ventura County — the down payment. That matters when home prices are well above the national average.
620
Typical Min Credit Score
0%
Down Payment Required
None
Mortgage Insurance
Disabled Veterans
VA Funding Fee Exempt
30–45 Days
Typical Close Time
VA Loans in Simi Valley
You need a Certificate of Eligibility (COE) to use a VA loan. Most veterans, active-duty members, and surviving spouses qualify.
Most lenders want a 620 credit score. VA itself sets no minimum, but your score affects the rate you get. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect va loans eligibility, lender expectations, and local market factors before comparing payment options in Simi Valley.
Simi Valley has a strong military community. Veterans and active-duty families buying here have a real advantage with VA financing.
VA loans remove the biggest barrier in Ventura County — the down payment. That matters when home prices are well above the national average.
You need a Certificate of Eligibility (COE) to use a VA loan. Most veterans, active-duty members, and surviving spouses qualify.
Not every lender handles VA loans well. Some are slow, some add overlays that kill deals. We work with 200+ wholesale lenders — several specialize in VA.
VA loan limits were removed for most borrowers in 2020. If you have full entitlement, there is no cap on what you can borrow. Rates vary by borrower profile and market conditions.
VA appraisals are stricter than conventional. The home must meet Minimum Property Requirements (MPRs). Sellers need to know this upfront.
The VA funding fee catches people off guard. It runs from 1.25% to 3.3% of the loan — but disabled veterans are exempt. Always confirm your exemption status first.
FHA requires 3.5% down and charges mortgage insurance for the life of the loan. VA has neither. For eligible borrowers, VA wins almost every time.
Conventional loans can beat VA rates for borrowers with 740+ credit and 20% down. Below that, VA is usually cheaper on a monthly basis.
Simi Valley sits in eastern Ventura County, close to the 118 and 405 corridors. Many buyers here commute to the San Fernando Valley — military families included.
As of April 2026, Ventura County is a competitive market. A clean VA offer with no down payment can still win — especially if you're pre-approved and move fast.
Almost. VA covers the down payment. You may still owe closing costs unless the seller agrees to cover them or you negotiate a lender credit.
Most will. VA loans close reliably. The key is having a strong pre-approval and a broker who can explain VA to listing agents.
It's a one-time fee paid to the VA, ranging from 1.25% to 3.3% of the loan. Disabled veterans are typically exempt.
No cap if you have full entitlement. Borrowers with reduced entitlement may face limits based on remaining eligibility.
Yes, but the condo project must be VA-approved. Not all complexes qualify, so check the VA condo list before you fall in love with a unit.
Typically 30 to 45 days. VA appraisals can add time if the property has condition issues that need to be resolved.