The Situation
An Army veteran reached out thinking he needed 20% down for a home — that's $80,000 on a $400K property. He'd been saving for 3 years and only had $20,000. He was planning to wait another 2-3 years.
What Programs Were Available?
After reviewing their full financial picture, here's what they qualified for:
- VA: Min credit 580, 0% min down, no PMI
- FHA: Min credit 580, 3.5% min down, PMI required
- Conventional: Min credit 620, 3% min down, PMI required
- USDA: Min credit 640, 0% min down, PMI required
How We Solved It
First question I asked: 'Have you served in the military?' When he said yes, everything changed.
VA loans require $0 down payment. Zero. His DD-214 confirmed eligibility, and we pulled his Certificate of Eligibility (COE) instantly through our portal.
With a 710 credit score and $95K income, he qualified easily. No PMI either — VA loans don't have it. The only cost was the VA funding fee (2.15%), which we rolled into the loan.
The Result
Closed on a $420,000 home in San Bernardino County. Monthly payment: $2,680. His $20,000 in savings? He kept it as an emergency fund instead of burning it on a down payment.
Key Takeaway
If you're a veteran, VA loans are the single best mortgage product available. $0 down, no PMI, competitive rates. Too many veterans don't know this benefit exists. If you served, call me — let's check your eligibility in 5 minutes.
Think You Might Be in a Similar Situation?
Every borrower's scenario is different, but the process is the same: we look at your full picture, find the right program, and create a plan. Whether it's credit repair, down payment assistance, or a specialized loan program — there's usually a path.
Schedule a free consultation to see what you qualify for. No obligation, no pressure — just honest answers about your options.
Contact Aditya Choksi | NMLS #2055084 | (949) 478-7641
This scenario is based on a real borrower situation. Names, exact figures, and identifying details have been changed to protect privacy. Your qualification depends on your specific financial situation.