If you are a veteran looking to buy a home in Coronado CA, then a VA Loan may be your best option. With no down payment, and the VA regulating closing costs, as well as allowing the seller to contribute to closing costs, you may be able to get into your Coronado dream home up front for less than a security deposit on a house or apartment in other parts of San Diego.
VA Loans can be acquired in San Diego County for home loans up to $2 million. However, the limit to receive 100% financing is $612,950 for a single-family home. Active duty, veterans, or spouses of deceased military members are eligible to apply for a VA Mortgage immediately. Reservists and members of the National Guard will become eligible after six years, although if you are called for active duty, you will become eligible after only 181 days. In addition to no down payment, and regulated closing costs, other benefits of a VA Loan include no private monthly mortgage insurance (PMI), no pre-payment penalty and 100% financing. Veterans often use VA Loans to buy a home in Coronado CA, or to refinance a home they already own. You can also use a VA Loan for a cash-out refinance for cash for projects including home improvements or remodels.
Veterans planning to apply for a VA Loan will need to get their Certificate of Eligibility (COE). A COE is required and helps avoid delays during the VA Loan process.
Coronado CA is one of the most in demand neighborhoods in San Diego to live. Often mistakenly called Coronado Island, Coronado is located on a tied island connected to the mainland by the Silver Strand. A resort city, Coronado CA had a population of 24,697 as of the 2010 Census. Naval Base Coronado is located in the city, and encompasses eight military facilities. The historic Hotel del Coronado, where the iconic 1959 Marilyn Monroe film Some Like It Hot was filmed, is a major tourist attraction. Coronado CA is one of the safest communities in San Diego, and has its own police department. For those with families, the schools on Coronado are among the best in the state, and have the highest graduation rate in all of San Diego and Imperial Counties.
This beach town is has three unique communities within it: The Village, The Shores and The Cays. Located on the main section of Coronado, The Village has unique views of the San Diego skyline, and stretches all the way to the Hotel Del (as locals refer to it). Easily accessible by foot or bike, you’ll love the quality restaurants and beaches. The Shores are a small section of condos on Coronado that are just a hop, skip and a jump from the Hotel Del. Residents enjoy the views of the expansive Pacific Ocean, the fully equipped condos and easy access to the entire city of San Diego. The Cays feature its own yacht club, with its own dog park and state beach.
If you’re looking for a beach community, Coronado CA is your best bet. In addition to some of the best beaches in the world (like Coronado Beach), Coronado features the same eclectic mix of art galleries, hipster cuisine and nightlife the California coastline is world famous for.
Housing Prices in Coronado CA
|Type of Home||Coronado CA Avg Cost||San Diego Avg Cost|
|Single Unit in 3-4 Unit Structure||$422,714||$439,697|
|Single Unit in 5+ Unit Structure||$415,162||$398,437|
Education in Coronado CA
- Coronado Village Elementary School
- Silver Strand Elementary School
- Coronado Middle School
- Coronado High School
- Coronado Pathways Charter School – charter school