First Time Home Buyer Sacramento – Sacramento VA Loan Officer

BY: Jason Whigham
April 26, 2022

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Sacramento first time home buyer

Sacramento VA Home Loans – Down Payment Assistance Options to Pay Sacramento Veterans Closing Cost

  1. The Sacramento VA Loan is a home-mortgage option available to United States Veterans, Service Members and not remarried spouses. Sacramento VA Loans are issued by qualified lenders and guaranteed by the U.S. Department of Veterans Affairs (VA).
  2. 100% Financing
  3. Affordability is one of the biggest hurdles for modern home buyers. With a Sacramento VA loan, affordability can be much easier.
  4. The VA home loan allows for 100% financing, meaning home buyers don’t need to make a down payment. This is possible through the VA’s guarantee of the program.


Sacramento CA First Time Home Buyer

But just because Sacramento VA loans don’t require financing doesn’t mean home buyers can’t make a down payment. Most VA home buyers will make a down payment to lower their monthly payments. With Sacramento VA loan financing, there’s plenty of flexibility.

Sacramento California VA Loan Eligibility Requirements

  • To be eligible for a California VA Loan, veterans, active duty service members, National Guard members and reservists must meet the basic service requirements set forth by the Department of Veterans Affairs.
  • Spouses of military members who died while on active duty or as a result of a service-connected disability may also be eligible.
  • It’s ultimately up to the VA to determine eligibility for the home loan program, but prospective borrowers can get a good idea by looking at the VA’s basic eligibility guidelines.

you may be eligible for a Sacramento VA Home Loan if you meet one or more of the following conditions:

  • You have served 90 consecutive days of active service during wartime, OR
  • You have served 181 days of active service during peacetime, OR
  • You have more than 6 years of service in the National Guard or Reserves, OR
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
Sacramento Down Payment Assistance Programs

First Time Home Buyer Sacramento – VA Loans Sacramento

No mortgage insurance – Sacramento VA Loan

Conventional and FHA loans require mortgage insurance if a down payment of less than 20 percent is made on the loan. But the Sacramento VA loan, which is guaranteed, doesn’t require any type of mortgage insurance, even with 100% financing. This further reduces monthly payments, making it easier to afford a home.

How to Apply for a Sacramento VA Loan – First Time Home Buyer – No Down Payment

The Sacramento VA loan process typically can take less 30 once you’re under contract on a home, although every buyer’s situation is different. There is no reason to wait to find a home to start the application process.

To start the process simply go to the top of the page and request a Sacramento VA Loan Officer to contact you.

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