Found 2 blog entries tagged as should I put money down VA loan.

The VA loan's zero down payment benefit is one of the most valuable things the military benefit system offers. But the question of whether to actually use it — or whether putting some money down makes more sense in your specific situation — comes up constantly among military buyers in Colorado Springs.

Here's a straight answer: most VA buyers should go zero down. But there are specific situations where a down payment changes the math enough to be worth considering. This post covers both.

The Basic Answer: No, You Don't Need a Down Payment

The VA loan program does not require a down payment. That's true regardless of the purchase price, as long as you have full VA entitlement. There is no minimum contribution required from the buyer. You can…

59 Views, 0 Comments

Read Full Post

Just because your VA loan doesn't require a down payment doesn't mean skipping one is always the right call. For some buyers — especially repeat VA users — a small down payment actually produces a stronger financial outcome than going to zero. Here's how to think through the decision instead of defaulting to it.

The Case for Zero Down

The case for zero down is straightforward: it preserves cash. On a typical $430,000 home, a conventional buyer putting down even 12% — the median for first-time conventional buyers — needs roughly $51,600 upfront. A VA buyer going zero down needs essentially nothing beyond closing costs. Nationally, about 74% of first-time VA loan users choose zero down, and the data backs up why: saving for a down payment at a typical…

219 Views, 0 Comments

Read Full Post