Government
Loans
VA & FHA Loans in San Diego
We know that buying a home in San Diego can feel like a big step, but we also know there are incredible opportunities available to make it a reality. Two of the most effective and accessible options are VA and FHA loans. We've put together this overview to help you get a basic understanding of what these loans offer, so you can see if one is a good fit for your homeownership goals.
GOVERNMENT LOANS
SCHEDULE A CONSULT
- 0% down payment options
- No monthly mortgage insurance
- Flexible credit requirements
- Use of BAH to strengthen eligibility
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Backed by the Department of Veterans Affairs, VA loans give qualified buyers the ability to purchase with no down payment, no PMI, and competitive rates. In San Diego, many military families also apply their Basic Allowance for Housing (BAH) toward qualification, making it easier to step into the local market.
VA Loans
- 3.5% down payment minimum
- Flexible credit requirements
- Gift funds allowed for down payment or closing costs
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FHA loans make it possible for buyers with limited savings or lower credit scores to purchase a home with as little as 3.5% down. These loans are a popular option for first-time buyers in San Diego who want to start building equity sooner.
