Yes you absolutely can purchase property using a VA home loan and have zero down payment. And in most cases there are even special purchase programs that can help you obtain a credit to cover and pay all your closing costs or fees. This means very little to no cost to you when buying a new home. That why VA loans are so desirable of veterans.
As for who offers these loans, we do. We have been working with veterans all over California as well as Oregon, Washington, Arizona and Florida for years.
So if you have questions or would like to see if you qualify for a no down payment VA loan please feel free to contact me through my Trulia profile or my website. Best of luck!
Thank you for your service to our great country!
A Veteran may obtain a VA Loan in Alameda County up to $1,050,000 with no down payment.
My name is Jimmy Vercellino and I am a Marine Corps Veteran and Mortgage Banker Specializing in VA Home Loans and I would be honored to serve you.
For more information you may visit my website at http://www.VALoansForVets.com
Now that the lending climate has drastically changed, I am optimistic that we will see these here.
Part of the problems--why sellers were leery of VA loans--were that sellers have to pay all or most of your closing costs and the appraisal is tougher--repairs may have to be done prior to close of escrow or there would be escrow hold-backs. I haven't seen nor used escrow hold-backs for some time but am negotiating one now on an REO sale.
I think that the time is right for VA loans as they are government backed (or guaranteed) and the prices are well within their guidelines for most of the Bay Area.