Veteran Buys in LA With Zero Down and No PMI

Marcus got out of the Army in 2019 after two tours overseas. He had been renting in Koreatown ever since — watching rents go up every year, watching his landlord's equity go up every year.

He knew about the VA loan benefit but assumed it would not work in LA because of home prices. His buddy told him VA loans had limits and that LA was too expensive.

That is outdated information. VA loan limits were eliminated in 2020 for veterans with full entitlement.

Marcus had a credit score of 703, stable employment as a project manager, and about $14,000 in savings. He found a townhouse in Los Feliz for $725,000.

Zero down. No PMI. Ever.

His monthly payment was $340 less than his rent. Veterans deserve to use this benefit.

If you have served and you are renting in Los Angeles, call me before you do anything else.