If you are active or retired military, a VA loan may be the best and easiest way to get into your first home. Here are the particulars:
- 0% down payment for homes up to $612,950 in San Diego County (other areas may vary).
- Low down payment requirements for homes above the limit.
- $0 closing costs if seller agrees to pay them in full.
- One-time upfront funding fee which is rolled into the loan.
- No monthly mortgage insurance premium.
- Flexible debt to income ratios.
- You don’t need perfect credit to get a VA loan.