Question 1

Can I buy in Simi Valley with no money at closing?

Accepted Answer

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.

Question 2

Will sellers in Simi Valley accept a VA offer?

Accepted Answer

Most will. VA loans close reliably. The key is having a strong pre-approval and a broker who can explain VA to listing agents.

Question 3

What is the VA funding fee?

Accepted Answer

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.

Question 4

Is there a loan limit for VA loans in Ventura County?

Accepted Answer

No cap if you have full entitlement. Borrowers with reduced entitlement may face limits based on remaining eligibility.

Question 5

Can I use a VA loan to buy a condo in Simi Valley?

Accepted Answer

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.

Question 6

How long does a VA loan take to close?

Accepted Answer

Typically 30 to 45 days. VA appraisals can add time if the property has condition issues that need to be resolved.

VA Loans in Simi Valley — Zero Down for Those Who Served