VA Loans / Government-insured Loans
What is VA?
VA is the US Department of Veterans Affairs, created to make housing available for veterans. Loans are available in all 50 states and the District of Columbia.
Who is eligible for a VA loan?
Active duty personnel with qualifying service, personnel with previous qualifying military service, reservists, National Guard and Coast Guard personnel with qualifying service, unmarried surviving spouse of a veteran killed as a result of service-related activities, honorably discharged personnel and public health service officers, cadets/midshipmen in the Army, Navy, Air Force and Coast Guard academy may also be eligible (final determination is made by the VA) a total of 70 Million people are eligible for a VA loan!
VA financing features
Loan amounts up to $1,500,000, up to 100% loan to value, single qualifying ratio of 41%, no prepayment penalty, non-traditional credit may be acceptable, fully assumable to qualifed buyers, VA funding fee required.
VA product options
Long-Term fixed rate terms, temporary or permanent interest rate buy down options.
Single family primary residences (attached and detached), 2-4 unit properties, VA approved Condos, planned unit developments, manufactured housing, new construction from VA approved builders.Â
Property MUST be owner-occupied, in some cases, spouse can fulfill occupancy requirement.
How can we help?
We are working with the Top Mortgage Company, HomeServicesLending, and his Mortgage Consultant Curtis Fox, who specializes in VA loans. He can get you pre-approved at not cost to you in 24 - 48 hours. We have closed a VA loan in less than 21 days.Â
HomeServicesLending with Curtis Fox and The Indras will make your home buying process easy. We specialize in the North County Market and are especially familiar with Oceanside.Â
Are you eligible for a VA Loan? We have helped multiple VA Buyers financing their home with a VA loan!Â