Millbrae veterans and active duty service members can work with a VA loan specialist to secure a home loan with no down payment and competitive interest rates. California law provides additional protections for military borrowers, including a 90-day stay on foreclosure proceedings under the California Military and Veterans Code. A specialist can help you navigate these rules and the specific requirements for properties in San Mateo County.
What Does a VA Loan Specialist in Millbrae Cost?
VA loan specialists in California typically charge an origination fee of 0.5% to 1.0% of the loan amount, though some may offer no fee options. Other costs include the VA funding fee (2.15% for first time use with no down payment) and third party fees like appraisal and title insurance. For a $800,000 home in Millbrae, total closing costs often range from $12,000 to $20,000. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
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