Category: Blog
7 Steps to Buying California Home with VA Loan
7 steps to guide you through purchasing a California home with a VA loan.
75 Years of VA Loan Program in California
The VA loan program is celebrating 75 years in California in 2019. In 1944, the year of the Servicemen’s Readjustment Act, or GI Bill, the VA Home Loan Benefit was born. While the GI Bill created many programs and opportunities for returning WWII Veterans, the 100% financing VA home loan program is definitely one of […]
California Veterans use VA Loan Program Multiple Times
Why Use the VA Loan Program? Not many California Veterans realize they can use their VA Entitlement to purchase a home more than one time. There is no limit to how many times the VA loan program can be used for a home purchase. And while many California Veterans think of the VA loan program as […]
No More VA Loan Limits in 2020 for California
VA Cashout Refinance Changes for 2019
VA continues to allow “Cashout refinances” to 100% of the property value. However, with the latest VA Circular 26-19-05, some fairly significant changes have been made which could affect the amount of cash a Veteran receives at closing. New Guideline for VA Cash-Out Refinance Effective for any new VA loan started on or after February […]
How to get a VA loan in California
How do you get a VA loan? Not every eligible Veteran takes the same path to homeownership, but those that follow a roadmap will have an easier time than those that go about buying a home in willy-nilly fashion. Knowing the steps and following them before you begin looking at homes will help to keep you […]
5 Financial Reasons for California Veterans to Buy a Home
There are many reasons a California Veteran should by a home. Property values in California have fully recovered in most counties compared to values in 2008 after the “mortgage meltdown”. Mortgage underwriting standards are now much stricter than they were prior to the crash, which has helped to stabilize the real estate market., Homebuyers are […]
Example of a $450,000 Home Purchase using VA Financing in California
Buying a home in California can be a challenge. The biggest hurdle preventing most potential homebuyers is the down payment. While there are loan programs, like FHA, that allow for down payments as little as 3.5% down, it can still take time to save that much money. Someone buying a home for $450,000 in California […]
Is an Impound Account Required on VA Loans in California?
Is an impound account required with a VA loan in California? That is a fairly common question once we get past the initial question, “What is an Impound Account?” There are only a few loan programs available to borrowers that require little to no down payment for a home loan. Since these borrowers are considered a […]