Zero down payment, no monthly mortgage insurance, for those who served
A VA loan is a mortgage guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, National Guard and Reserve members, and some surviving spouses. It offers a zero down payment and no monthly mortgage insurance, making it one of the strongest loan programs available. As a broker, Bayview Residential Brokerage places VA loans across California, Oregon, Washington, Arizona and Hawaii.
No down payment for eligible borrowers with full entitlement.
No monthly mortgage insurance (no PMI), unlike conventional and FHA loans.
Competitive interest rates and flexible credit guidelines.
No loan limit with full entitlement. Since 2020, borrowers with full VA entitlement have no county loan limit; you can borrow above the conforming limit without a down payment, subject to lender approval.
Reusable and assumable. The VA benefit can be used more than once, and VA loans can be assumed by a qualified buyer.
Eligibility is based on your length and character of service. Most veterans, active-duty members, and National Guard and Reserve members who meet service requirements qualify, along with many surviving spouses. You confirm eligibility with a Certificate of Eligibility (COE), which we help you obtain. VA loans are for a primary residence, and you can use one to buy a 2-to-4-unit property if you occupy one of the units.
Instead of monthly mortgage insurance, VA loans have a one-time funding fee that can be financed into the loan. It is waived entirely for veterans receiving VA service-connected disability compensation, Purple Heart recipients, and eligible surviving spouses.
Eligible veterans, active-duty service members, National Guard and Reserve members, and surviving spouses who want to buy with no down payment and avoid monthly mortgage insurance. The five states we serve have a large military community, including bases such as Joint Base Lewis-McChord, Naval Base San Diego, Camp Pendleton, Luke Air Force Base and Joint Base Pearl Harbor-Hickam. We help you obtain your COE and compare a VA loan against your other options.
No. Eligible borrowers with full entitlement can buy with zero down payment, subject to lender approval.
No. VA loans have no monthly mortgage insurance (no PMI). Instead there is a one-time VA funding fee that can be financed into the loan.
For a purchase with no down payment, it is 2.15% for first use and 3.3% for subsequent use. With 5% or more down it is 1.5%, and with 10% or more down it is 1.25%. It is waived for veterans with a service-connected disability, Purple Heart recipients and eligible surviving spouses.
Borrowers with full entitlement have no VA county loan limit since 2020, and can borrow above the conforming limit with no down payment, subject to lender approval.
Eligible veterans, active-duty service members, National Guard and Reserve members who meet service requirements, and many surviving spouses. Eligibility is confirmed with a Certificate of Eligibility (COE).
Yes. You can buy a 2-to-4-unit property with a VA loan as long as you occupy one of the units as your primary residence.
Arizona: • Phoenix • Tucson • Scottsdale • Mesa • Chandler • Glendale • Gilbert • Tempe • Peoria • Surprise
California • Anaheim • Bakersfield • Fresno • Irvine • Long Beach • Los Angeles • Oakland • Riverside • Sacramento • San Diego • San Francisco • San Jose • Santa Ana • Stockton
Hawaii: • Honolulu • East Honolulu • Pearl City • Hilo • Kailua • Waipahu • Kaneohe • Mililani Town • Kahului • Ewa Gentry
Oregon: • Portland • Salem • Eugene • Gresham • Hillsboro • Beaverton • Bend • Medford • Springfield • Corvallis
Washington: • Seattle • Spokane • Tacoma • Vancouver • Bellevue • Kent • Everett • Renton • Federal Way • Spokane Valley
