How important is it to have your California VA mortgage financing figured out before you have an offer to buy a home accepted? I would say it is Super Important. There are a lot of moving parts when it comes to buying a home, especially with regards to the financing. If the financing does not […]
Tim Storm
VA Approved Condos in California
If you are using VA financing to purchase a condo in California then you need to make sure the condo project is approved through VA. All too often an offer to purchase a condo is made and then accepted, only to find out later that the condo project is not on the VA approved condo […]
Restoring VA Home Loan Entitlement
Many Veterans don’t realize that the VA home loan program can be used more than once. Not only is the VA loan great for first time home buyers but it’s also great for move up buyers, especially in high cost California counties like Orange County, Los Angeles, San Francisco, Marin, Contra Costa, Alameda and San […]
Cashout Refinance to 100% Loan to Value with a VA Loan
It is possible to use VA financing to pull cash out up to 100% of the properties value. And while this may be true according to “VA Guidelines”, it’s not true with most lenders. Most lenders only allow a refinance of a VA loan to 90% of the properties value. First, it’s important to mention […]
How to use a VA Loan to buy a home in Westchester, CA
The VA loan program is one of the most underutilized mortgage programs around. And while it’s true that the borrower needs to be “eligible” for VA financing, even those who have VA eligibility often don’t realize how good the VA program is, especially in neighborhoods with homes in the $700,000 to $1,500,000 range like Westchester […]
VA Loan Limits for California 2014
The Veterans Administration announced the VA loan limits for 2014 in California recently, and for the most part the limits are up. Even with the increase in property values throughout the state, there was still some concern that the 100% financing loan limits may drop down from their 2013 levels. FHA had just announced a […]
Refinance from FHA to a VA Loan to Drop Mortgage Insurance
A refinance from an FHA home loan into a VA home loan is a great way to drop FHA monthly mortgage insurance, at least for those Veterans who are eligible. The monthly mortgage insurance on an FHA loan can really add on to your mortgage payment. And for FHA loans with case numbers pulled after […]
How to Restore Your VA Eligibility
Many Veterans don’t realize that it is possible to restore VA eligibility for a home loan. The VA home loan is not just for first time home buyers and is not a one time use program. However, there are guidelines that effect a Veterans ability to have more than one VA loan at a time. […]
Why Refinance a CalVet Loan into a VA Home Loan?
Why would someone want to refinance a CalVet home loan into a standard VA home loan? Well, there are a few reasons, the first being that it’s not possible to refinance CalVet to CalVet, since state and federal laws prevent the CalVet program from being anything other than a purchase program. But what happens when […]
Approval for VA Home Loan After a Short Sale
Getting a VA home loan after a short sale is fairly easy since VA does not require a wait period after the closing of the short sale. VA home loan underwriting guidelines tend to be more flexible than any other type of financing when it comes to prior derogatory credit. Of course, it is important […]