Not many California Veterans realize they can use their VA Entitlement to purchase a home more than once. There is no limit to how many times the VA loan program can be used for a home purchase. While many California Veterans think of the VA loan program as a “First Time Buyer” program, it has […]
Tim Storm
Is an Escrow Account Required on a VA Loan in California?
99.9% of VA lenders require an impound/escrow account for property taxes and insurance to be part of a VA loan. But it’s not something that VA requires. It’s just a lender requirement. Here’s the good news: You can get a VA loan and not have an impound/escrow account. But why is that a good thing […]
Buying a home in California with a VA Loan
Buying a home in California with a VA loan is far easier now than before 2024. Looking back to the early 90’s, retrieving a VA Certificate of Eligibility took weeks. Everything about VA financing was very “manual”. Now, in 2024, everything is Automated. Or I should probably say that 90% of the loan process is […]
VA Loans Help California Heroes
CalVet vs VA Loan : What is the Difference?
What is the difference between the CalVet home loan program and a standard VA loan? Is one program better for California Veterans? Is it easier to qualify for VA or CalVet? These are all common questions from Veterans living in California. Many Veterans are not familiar with the CalVet program, but those that are sometimes […]
VA Loan Closing Costs in California: What to Expect
Veterans are sometimes caught off guard when they learn about the closing costs associated with a home purchase. While it is true that VA does not require a down payment, closing costs are still a thing when buying a home no matter what type of loan the buyer is using. In a survey done by […]
What is the Debt to Income Ratio on a California VA Loan?
The Debt-to-Income ratio is an important factor used when qualifying for a VA loan in California. But what is the Debt-To-Income ratio and how is it calculated? The Debt-To-Income ratio, or DTI, is one of the factors lenders use to determine whether a borrower can afford their total payments, including the new housing payment, when […]
Are Homes in Southern California too Expensive?
Housing affordability in southern California has been a problem for quite some time now. California Veterans have an advantage of other home buyers since the VA loan program does not require a down payment. The high home appreciation rates in southern California can be attributed to several reasons: less housing inventory for sale, high demand […]
How a California Veteran Can Qualify for a VA Loan
The VA Home Loan Program is designed to help California veterans who served honorably, and their surviving spouses, buy homes as they start to lay down roots here in California. The VA loan program does not require a down payment or mortgage insurance and offers interest rates that are usually below market. Best of all, there […]