{"id":547,"date":"2022-12-02T12:54:57","date_gmt":"2022-12-02T20:54:57","guid":{"rendered":"https:\/\/governmentloanpros.com\/san-diego-california\/?p=547"},"modified":"2022-12-02T14:53:31","modified_gmt":"2022-12-02T22:53:31","slug":"san-diego-va-loan-down-payment-assistance","status":"publish","type":"post","link":"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/","title":{"rendered":"San Diego VA Loan Down Payment Assistance"},"content":{"rendered":"<p><strong>San Diego VA Loan Down Payment Assistance<\/strong><\/p>\n<p>This title may seem a bit odd as VA Loans do not require a down payment.\u00a0 So why do we offer <strong>Down Payment assistance for VA Loans in San Diego? <\/strong>That answer is closing, settlement, and prepaid costs associated with a home purchase loan. VA loans, just like any other home purchase loan,\u00a0 will incur costs including closing costs from both the Lender and third parties such as title insurance, escrow agents, notary, recording, appraisal,\u00a0 prepaid property taxes and homeowners insurance to set up your impound account (so the monthly payment will include property taxes and insurance so you don&#8217;t have to pay that separately), and up to 30 days of per diem interest (this is what keeps your first house payment at least 31 days from the closing date.<\/p>\n<p>Some Veterans have the income and credit character to qualify for a VA home loan, but don&#8217;t have the funds saved up for the closing, settlement and prepaid costs.<\/p>\n<p><strong>There are several ways to help cover the amount of these funds needed:\u00a0<\/strong><\/p>\n<ul>\n<li>Gift from family<\/li>\n<li>Negotiate a seller credit<\/li>\n<li>Utilize a higher interest rate to receive a Lender Credit<\/li>\n<li>Negotiate with your Realtor to reduce their commission<\/li>\n<li>A combination of any\/all the above<\/li>\n<\/ul>\n<p>Unfortunately some interest rate and real estate environments make some of these options less favorable or even unlikely for a Veteran home buyer.\u00a0 \u00a0 We have a solution.<\/p>\n<p>Our <strong>Down Payment Assistance option for our San Diego VA loans can provide up to 5.5%<\/strong> of the purchase price toward your closing costs, settlement costs and prepaid items for your home purchase.\u00a0 The Down Payment Assistance is in the form of a 2nd Loan.<\/p>\n<p><strong>Here are some of the features of our Down Payment Assistance for San Diego VA Loans:<\/strong><\/p>\n<ul>\n<li>First Loan Amounts up to $726,200&#8242;<\/li>\n<li>No Income Limits<\/li>\n<li>Veterans and Active Duty Military eligible<\/li>\n<li>No income limits<\/li>\n<li>A portion of the 2nd loan may be forgivable for certain occupations<\/li>\n<li>Available countywide &#8211; all San Diego county cities and census designated areas eligible<\/li>\n<li>All Underwriting is done in house with VanDyk &#8211; No outside agency approval required<\/li>\n<li>Fast closing times as we Underwrite and Fund 100% in house<\/li>\n<\/ul>\n<p>We offer an option to get you Fully Underwriting Approved prior to finding a home.\u00a0 This is not a prequal or pre-approval, but a fully Underwritten Approval.\u00a0 \u00a0This can reduce stress while in the purchase contract period (aka Escrow period), allows for quicker closing timelines, and can put your offer in the lead as you have already been vetted, documented and Underwriting Approved.<\/p>\n<p><strong>The following types of properties are eligible:\u00a0<\/strong><\/p>\n<ul>\n<li>Single Family Homes<\/li>\n<li>Condominiums<\/li>\n<li>Townhomes<\/li>\n<li>Rowhomes<\/li>\n<li>Manufactured Homes<\/li>\n<li>Attached Homes<\/li>\n<li>Duplex or 2 unit homes<\/li>\n<li>3 or 4 unit homes &#8211; Triplex or Fourplex\/quadplex<\/li>\n<\/ul>\n<p><strong>The following occupations may be eligible for the forgivable gift portion of the 2nd loan:<\/strong><\/p>\n<ul>\n<li>Medical and Healthcare workers<\/li>\n<li>Police Officers, Peace Officers, Sheriffs and Deputies, Border Patrol Agents, Correctional Officers and others serving in a Law Enforcement capacity.<\/li>\n<li>Firefighters, CalFire, Paramedic,\u00a0 EMTs, and administrative staff that support these occupations.<\/li>\n<li>Teachers and Employees of California Public Schools, Private Schools, Charter Schools,\u00a0 California State University,\u00a0 University of California, Junior College, Private Colleges and Universities, including administration and staff.<\/li>\n<li>Current Members of CalSTRS &#8211; California State Teachers Retirement System, or UCRP University of California Retirement Plan.<\/li>\n<\/ul>\n<p>We have been helping Veterans and Active Duty Military purchase and refinance homes since 2008 throughout our service areas.\u00a0 \u00a0 <strong>Give us a call at 866-900-2342 Toll Free or call \/text Brian direct at 760-752-4480 to get help with your VA Loan, or to get your VA Loan Questions answered.\u00a0<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>San Diego VA Loan Down Payment Assistance This title may seem a bit odd as VA Loans do not require a down payment.\u00a0 So why do we offer Down Payment assistance for VA Loans in San Diego? That answer is closing, settlement, and prepaid costs associated with a home purchase loan. VA loans, just like [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21,22,23,91],"tags":[65,66,79,92],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v22.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>San Diego VA Loan Down Payment Assistance - San Diego Government Loan Pros<\/title>\n<meta name=\"description\" content=\"why do we offer Down Payment assistance for VA Loans in San Diego?\u00a0 \u00a0That answer is closing, settlement, and prepaid costs associated with a home purchase loan.\u00a0 \u00a0VA loans, just like any other home purchase loan,\u00a0 will incur costs including closing costs\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"San Diego VA Loan Down Payment Assistance\" \/>\n<meta property=\"og:description\" content=\"why do we offer Down Payment assistance for VA Loans in San Diego?\u00a0 \u00a0That answer is closing, settlement, and prepaid costs associated with a home purchase loan.\u00a0 \u00a0VA loans, just like any other home purchase loan,\u00a0 will incur costs including closing costs\" \/>\n<meta property=\"og:url\" content=\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\" \/>\n<meta property=\"og:site_name\" content=\"San Diego Government Loan Pros\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/BrianSkaarHomeLoans\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-02T20:54:57+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-02T22:53:31+00:00\" \/>\n<meta name=\"author\" content=\"bskaars\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"bskaars\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\"},\"author\":{\"name\":\"bskaars\",\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/#\/schema\/person\/36c95bf8497df4d6ab461289d0abaa36\"},\"headline\":\"San Diego VA Loan Down Payment Assistance\",\"datePublished\":\"2022-12-02T20:54:57+00:00\",\"dateModified\":\"2022-12-02T22:53:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\"},\"wordCount\":607,\"publisher\":{\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/#\/schema\/person\/28461889d697dcb4879bead331a976e7\"},\"keywords\":[\"San Diego VA Lender\",\"San Diego VA Loan\",\"VA Loan\",\"VA Loan Down Payment Assistance\"],\"articleSection\":[\"San Diego VA Lender\",\"San Diego VA Loan\",\"San Diego VA Purchase\",\"VA Loan Down Payment Assistance\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\",\"url\":\"https:\/\/governmentloanpros.com\/san-diego-california\/san-diego-va-loan-down-payment-assistance\/\",\"name\":\"San Diego VA Loan Down Payment Assistance - 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