The short answer is "no." VA has the option of putting 0% down up to a certain price point. I would love to discuss the advantages and disadvantages of VA financing with you and assist you with your purchase in Oceanside. I have lived here since I was three and no one knows it better. Contact me and we can get started right away!
Real Estate Broker/ RealtorÂ®
McAllister Homes Real Estate
Residential Sales & Property Management
Our VA clientele has been happily served by us for over 4 decades! Experience counts here, especially AS VA ALSO REQUIRES APPROVAL OF YOUR FINANCING. Hire a local VA Realtor. Call/text/email firstname.lastname@example.org or 760 622 6855 today and lets get you pre-approved financially first , then go shopping for your own home!!
If you are considering a condominium, the community must be VA approved. That can be checked at https://vip.vba.va.gov/portal/VBAH/VBAHome/condopudsearch
On any transaction, the VA loan requires termite clearance(as well as other basic home functions to be operable). This can be an issue particularily on short sales where the home may not be in great condition, and no one wants to pay for those repairs(but there are solutions...).
Working with someone experienced with VA buyers is key so you don't get frustrated in this competitive market.
If you have that much saved; Kudos!
You will need it, one way or tother.
You also can pre-pay the Funding Fee, (assuming you are not exempt).
You can also buy-down the Interest Rate.
Between the Closing Costs, the Appraisal and Inspections, and the rest in Savings for a Reserve, you will need it.
A nice position to be in.
Have you talked to your local VA office and gotten your Certificate of Eligibity?
If you have gotten a Lender yet; I had a recent succes with the Navy Federal Credit Union, (they serve all four services.)
Good luck and may God bless