A VA loan pre-approval letter is a document granted by a California VA mortgage lender that states that based on preliminary information such as the potential borrower’s credit, assets, and income, that they qualify for a VA loan of a specified amount. It is different from a pre-qualification in that some or all of the [...]
Before your California home can be approved for VA loan financing, a VA appraisal must be completed on the property. A VA appraisal involves a thorough inspection of the home and property to determine the current market value of the home. This appraisal is especially geared towards reporting any defects involving safety or security of [...]
The short answer to the question “How many VA loans can I have in California?” is that there is no limit on the amount of times eligible California veterans are allowed to use their VA loan benefits. This answer often surprises California veteran borrowers who have used the program before. As you are probably well [...]
California Veterans have been taking advantage of the VA Jumbo loan program in huge numbers in 2010 and 2011. A VA loan is considered to be a Jumbo VA Loan when it exceeds the county limit for 100% financing. While some down payment is required when going over the ZERO Down payment limit, its not [...]
Even if you currently have a Conventional or FHA loan, yes, you can refinance into a VA loan if you are an eligible veteran or member of the armed services. You can even refinance up to 100% of your homes value. Better yet, you may be able to save a great deal of money with a [...]