VA Loans in California

For military veterans, a VA loan is perhaps the most flexible lending option on the market. The VA (Department of Veterans Affairs) pledges to repay about a quarter of every mortgage loan it guarantees in the unlikely event that the borrower defaults. This guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified veterans. VA Home loans offer advantages that can include: 

• No required down payment
• No private mortgage insurance requirement
• Flexible credit underwriting
• Low-interest rates 

What Are Some Requirements for Obtaining a VA Home Loan? 

• You must be entitled to a Certificate of Eligibility (COE) based on your military service record. According to the VA, this generally applies to:
  • Veterans or Active-Duty individuals who meet minimum service requirements
  • Active-duty service members who have served a minimum period
  • Eligible surviving spouses
• The home must be your primary residence. 
• Underwriting requirements must be met, including those for credit and income.