For eligible veterans with full entitlement, yes, and the Folsom market is one of the best uses of the VA benefit in Northern California. No VA loan limit for full-entitlement borrowers means you can buy at the price you qualify for, even on the higher-end Folsom and El Dorado Hills inventory.
The Folsom and El Dorado Hills metro skews higher in price than most of Sacramento County. VA solves the down payment problem cleanly:
Empire Ranch, Briggs Ranch, Lexington Hills, Broadstone, Natoma Station, Folsom Lake area, and El Dorado Hills proper (Serrano, Stonebriar, Bass Lake) all work for VA. Granite Bay also fits well for veterans wanting access to the Folsom Lake recreation area without leaving Placer County.
First-time veteran buyer in Broadstone: single-family home, $0 down, 3 percent seller credit covers closing costs.
Move-up veteran in El Dorado Hills: uses Tier 2 entitlement, may need a small down payment because previous VA loan is still active on a rental. Math depends on Tier 2 calculation.
Disabled veteran: funding fee waiver plus California disabled veteran property tax exemption combines to significantly improve monthly cash flow.
Some upscale Folsom and El Dorado Hills HOAs have project-level concerns that affect VA loan approval. We pre-screen the project before you write an offer. Custom luxury homes with non-traditional features (extreme setbacks, unique septic, large outbuildings) may trigger additional VA appraisal scrutiny.
For veterans with full entitlement, no. The 2019 Blue Water Navy Act removed the loan limit for full-entitlement VA loans. Tier 2 entitlement still uses the conforming limit for calculation.
Yes, if the project is VA-approved. We check approval status before submitting an offer. Many Folsom condo projects are approved; if not, spot approval may be possible.
Most Folsom prices fit under the standard VA loan structure since there's no VA cap for full entitlement. You don't typically need a 'jumbo VA' product.
It applies unless waived. Veterans with a service-connected disability rating typically have the fee waived. First-time use vs. subsequent use also affects the fee percentage.
Yes, with VA's owner-occupancy rules. A 2-4 unit property where you occupy one unit is permitted. ADUs and accessory units have specific rules we walk through.
This page is for educational purposes only and is not a commitment to lend or guarantee of approval. Loan programs, rates, terms, and eligibility requirements are subject to change and depend on credit, income, property, occupancy, program guidelines, and other underwriting factors. Equal Housing Opportunity. PRMG Mortgage. NMLS 225375. Ken Clark Jr. NMLS #225375.
Certified Mortgage Advisor and Branch Manager at PRMG Mortgage (NMLS #75243). 28 years in mortgage lending. Specializes in FHA, VA, conventional, DPA, jumbo, Non-QM, renovation, and construction financing for buyers and investors in Sacramento, New Jersey, and 47 other states (NY excluded). Three-time Gold Award winner for Best Mortgage Company in Sacramento (2023, 2024, 2025). NMLS #225375.
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