What You Should Know About VA Loans

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  • Eligible borrowers are Active-Duty Military, Veterans and widowers of Veterans not re-married 
  • 100% financing in San Diego up to $546,250 
  • No mortgage insurance on the loan 
  • VA funding fee is waived if borrower is collecting 10% or more disability from VA 
  • Minimum credit score of 580 and above to qualify 
  • Loan amounts up to $1,000,000. Down payment is 25% of the difference over $546,250 
  • May re-use VA Certificate of Eligibility over and over again throughout your lifetime, usually on just one house at a time 
  • Up to 4% Third Party Concessions allowed. All or part of that may be used for debt reduction to qualify 
  • Condos must be on the VA Approved Condo List. No condo cert needed and we don’t ask about litigation, budget, reserves, owner-occupancy, etc… 
  • Seller does NOT need to pay any of the buyer’s closing costs 
  • Pest Inspection must be paid for and provided by the Seller. Repairs are negotiable as far as who pays for them. Buyer can pay for them but it must not interfere with the buyer financially qualifying for the loan 
  • Appraisals are handled directly by the VA and can take up to 10 business days 
  • Quick 21 days or less closing 

This information was given to me courtesy of
Sean Paul Aguirre of Movement Mortgage
Phone Number | (858) 888-2124

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