VA Loans
California VA Loans
An California VA loan is a popular option for many veterans across California. A California VA loan allows veterans to purchase a home with 100% financing and also not be required to pay monthly mortgage insurance. If you are a veteran who currently has a VA loan that is at a higher than market interest rate, you will be interested in the VA streamline program (also known as the VA IRRRL program) with no out of pocket closing costs required.
You are probably already aware that the VA isn’t a lender – the VA only insures your loan. Should you default, the VA steps in and the lender who lent you money gets paid. Because of this reason, lenders are excited about lending money to veterans through the California VA loan program.
California VA Loan Highlights:
- There is never a prepay penalty on a California VA loan
- 100% financing is available with a VA loan for new home purchases
- No mortgage insurance required is required on a VA loan
- VA loan closing costs are similar to other loans, but can be rolled into the loan
- A one-time funding fee is charged on a VA loan
A California VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar heating or cooling systems, water heaters, insulation, weather-stripping, storm windows/doors or other energy efficient improvements approved by the lender and VA.
California VA Loan Certificate of Eligibility
In order to qualify for a California VA loan, you must have a Certificate of Eligibility from the VA and it must be in your loan package at the time of submission. If you don’t currently have a certificate of eligibility or need help obtaining your certificate, you can contact us directly for help.
California VA Streamline Program
For veterans who are currently in a VA loan, the California VA streamline refinance program allows you to take advantage of lower interest rates without having to completely re-qualify for a new loan. With the California VA streamline refinance, you can lower your monthly payment and interest rate with no out of pocket expenses.
California VA Loan Experts: Contact Us
For more information about the VA loan program, you can contact us directly at the toll free number listed above. We would be happy to answer any questions that you may have. You can also submit your information online and we will be in touch with you as soon as possible.
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