The San Diego area has a high density of active and veteran military members, and VA loans are accessible by them, but perhaps not utilized often.
VA loans are supervised by the United States Department of Veteran Affairs. With these loans, borrowers don’t need a large down payment (some may qualify for a zero down payment), and often can avoid the negative aspects of loans, such as: penalty fees and high interest rates.
According to Linda Lee in the article, often “it is easier to get a VA loan with a less-than-favorable credit score than a bank loan. In fact, Veteran Affairs does not require a minimum credit score, although lenders may have their own internal requirements. Unfortunately, many applicants do not take advantage of the VA loan system because they are not sure if they qualify or know how to start the process.”