Yes. There are zero-down VA loans, and better yet, there are sellers who will be willing to help you with closing costs.
San Diego is a buyer's market, and you should have no difficulty finding the loan program and financial assistance you are seeking.
I am a service member too, and I have looked into this extensively in the past. I would suggest the you do not use your VA loan if you can avoid it. It has a 3% funding fee which is a large amount to overcome in this market if you are planning on selling once you PCS. If you can scrape together 3% down, you can benefit from some GREAT loans from Navy Federal Credit Union. You should also use RedFin.com if they are available in your area since they offer you cash back at the conclusion of your sale. The fact that agents make commission from the seller should not deter you from trying to negotiate this - after all there are a lot houses for sale and not too many people buying right now. Having a sure income level is really in your favor right now - use it to your advantage! VA is not a good answer unless you really can't get a loan from Navy Fed... they have 0 down loans for active duty that have only a 1% funding fee. Best of luck to you and your family!
Zero Down payment VA loans are still available up to $417,000. VA loans are available for purchases up to $927,000 with some contribution to down payment. Now is a great time for military buyers to purchase in San Diego. Prices have come down, interest rates are low, and BAH was recently increased. Your VA benefit gives a a significant advantage over civilians that do not have access to the VA loan benefit with 100% financing.
There are many other important aspects of your benefits that I'd like to share with you but there is not that much room for that here. Our company is the only firm I know of that specializes in serving military, veterans and their families. If you'd like more information on your options and opportunities in the area, please give me a call (619) 850-5432. Best Regards, Woody
As a military brat myself, I have a lender that does VA loans that is very good. He is here in North County and his name is Todd Pianin of Samuel Scott Financial Group 858-259-6070. You will be in good hands with him. Tell him I referred you. After you speak with him, give me a call at 858-945-5414 (cell) and I'll take it from there.
Prudential California Realty
Your VA certificate of eleigibility is still good up to $719k. Hire a good agent who knows the ins and outs of a VA loan. Thanks for your service.