VA Mortgage Loan Limits In California
By · CommentsVA mortgage loan limits have changed for California in 2012. Below are the new VA loan limits for major California cities:
- San Diego: $477,000
- Los Angeles:$621,000
- Orange County: $625,000
- San Francisco: $625,500
- San Jose: $625,500
- East Bay (Contra Costa County, Alameda County): $625,500
- Napa: $460,000
- San Luis Obispo: $457,700
- San Mateo:$625,500
- Santa Barbara:$598,000
- Santa Cruz: $610, 650
- Sonoma:$419,750
- Ventura: $518,650
- Fresno:$417,000
- Bakersfield:$417,000
- Riverside:$417,000
- Sacramento: $417,000
- Redding: $417,000
The above VA loan limits are just for 100% financing. You CAN go over the above VA loan limits in California with a small down payment. You just need to put down 25% of the difference between the purchase price and loan limit of your area. For example, if you want to buy a $800,000 house in Orange County where the VA loan limit is $621,000, you would take ($800,000-$625,000)=$179,000. Then take $179,000X.25=$44,750. You would need a $44,750 down to buy a $800,000 house in Orange County with a VA loan.
VA loans can be far superior to other jumbo sized loans because you would not need as much down and you have no monthly mortgage insurance.
If you have any questions about VA home loan s in California don’t hesitate to give us a call at 858-922-7899 or homeloan8@gmail.com.
Best Regards,
Rob Chomentowski
858-922-7899, homeloan8@gmail.com
Sr. Loan Officer (and VA specialist)
VA Mortgage Loan Limits In California
By · CommentsVA mortgage loan limits have changed for California in 2012. Below are the new VA loan limits for major California cities:
- San Diego: $477,000
- Los Angeles:$621,000
- Orange County: $625,000
- San Francisco: $625,500
- San Jose: $625,500
- East Bay (Contra Costa County, Alameda County): $625,500
- Napa: $460,000
- San Luis Obispo: $457,700
- San Mateo:$625,500
- Santa Barbara:$598,000
- Santa Cruz: $610, 650
- Sonoma:$419,750
- Ventura: $518,650
- Fresno:$417,000
- Bakersfield:$417,000
- Riverside:$417,000
- Sacramento: $417,000
- Redding: $417,000
The above VA loan limits are just for 100% financing. You CAN go over the above VA loan limits in California with a small down payment. You just need to put down 25% of the difference between the purchase price and loan limit of your area. For example, if you want to buy a $800,000 house in Orange County where the VA loan limit is $621,000, you would take ($800,000-$625,000)=$179,000. Then take $179,000X.25=$44,750. You would need a $44,750 down to buy a $800,000 house in Orange County with a VA loan.
VA loans can be far superior to other jumbo sized loans because you would not need as much down and you have no monthly mortgage insurance.
If you have any questions about VA home loan s in California don’t hesitate to give us a call at 858-922-7899 or homeloan8@gmail.com.
Best Regards,
Rob Chomentowski
858-922-7899, homeloan8@gmail.com
Sr. Loan Officer (and VA specialist)
Get A VA Loan Two Years After A Short Sale In California
By · CommentsThere are thousands and thousands of VA eligible homeowners in California that have gone though a short sale in the past few years in California. The great news for those that are eligible for VA financing is that you only have to wait two years from the date the deed to the property that short sold transfers out of your name. VA home loan requirements allow you to qualify for a 100% financing VA loan only two years after a short sale.
VA home loan requirements after a short sale also will require you to have good credit following the short sale. You will want to make sure you do not have any late payments on any credit accounts, collections, judgments or any derogatory credit. Having a derogatory credit after the short sale may not disqualify you for loan approval, but it helps to not have any.
The first step is to make sure of your VA home loan eligibility after a short sale is to know the date the deed transferred out of your name for the short sale. If you need me to look this up for you, feel free to email me at homeloan8@gmail.com with the address or call me at 858-922-7899.
Below are some of the current highlights of VA home loans in California:
- VA mortgage loan limits are $625,000 in Los Angeles, Orange County, Anaheim, Santa Ana, San Jose, San Francisco and the rest of the Bay Area. VA loan limits are $477,000 in San Diego. Most of the rest of California including Sacramento, Fresno, Bakersfield, Redding, Riverside, San Bernardino, Santa Rosa, etc… have VA loan limits of $417,000. You can go above these VA loan limits with a small down payment.
- VA home loan requirements only require a two year wait after bankruptcy, foreclosure and short sale
- VA home loan rates are shockingly low right now and have never been this low
- VA home loans are 100% financing with no mortgage insurance
- VA loan guidelines waive the VA funding fee for veterans that receive disability pay
Regards,
Best Regards,
Rob Chomentowski
858-922-7899, homeloan8@gmail.com
Sr. Loan Officer (and VA specialist)
Get A VA Loan Two Years After A Short Sale In California
By · CommentsThere are thousands and thousands of VA eligible homeowners in California that have gone though a short sale in the past few years in California. The great news for those that are eligible for VA financing is that you only have to wait two years from the date the deed to the property that short sold transfers out of your name. VA home loan requirements allow you to qualify for a 100% financing VA loan only two years after a short sale.
VA home loan requirements after a short sale also will require you to have good credit following the short sale. You will want to make sure you do not have any late payments on any credit accounts, collections, judgments or any derogatory credit. Having a derogatory credit after the short sale may not disqualify you for loan approval, but it helps to not have any.
The first step is to make sure of your VA home loan eligibility after a short sale is to know the date the deed transferred out of your name for the short sale. If you need me to look this up for you, feel free to email me at homeloan8@gmail.com with the address or call me at 858-922-7899.
Below are some of the current highlights of VA home loans in California:
- VA mortgage loan limits are $625,000 in Los Angeles, Orange County, Anaheim, Santa Ana, San Jose, San Francisco and the rest of the Bay Area. VA loan limits are $477,000 in San Diego. Most of the rest of California including Sacramento, Fresno, Bakersfield, Redding, Riverside, San Bernardino, Santa Rosa, etc… have VA loan limits of $417,000. You can go above these VA loan limits with a small down payment.
- VA home loan requirements only require a two year wait after bankruptcy, foreclosure and short sale
- VA home loan rates are shockingly low right now and have never been this low
- VA home loans are 100% financing with no mortgage insurance
- VA loan guidelines waive the VA funding fee for veterans that receive disability pay
Regards,
Best Regards,
Rob Chomentowski
858-922-7899, homeloan8@gmail.com
Sr. Loan Officer (and VA specialist)
Get A VA Loan In California After Being Unemployed
By · CommentsMany potential VA eligible home buyers and home owners that want to refinance may have been unemployed for long periods of time during the current economic times. The good news is that VA home loan requirements only require you to back on the job for a short period of time before you can apply for a VA home loan in California. If you have been unemployed for five months, you only have to be back working again for 30 days and you can likely get approved for a VA loan. If you have been unemployed for more than six months, you have to be back working again for six months before you can get approved for a VA home loan. VA home loan requirements also require you to be back working in a similar profession that you were working in before the period of unemployment.
So I hope this is good news for those seeking a 100% financing VA loan in California. Even after long periods of unemployment, in many cases you can apply for a VA home loan fairly quickly after you are working again at a w-2 job. If you have any questions feel free to call at 858-922-7899 or email me at homeloan8@gmail.com
Below are some of the most up-to-date highlights of VA home loans in California:
- VA loan credit does not have to be perfect. Give us a call we are experts in analyzing VA borrowers credit scores.
- VA loan refinance can be done up to 100% of the value of your property
- VA home loan rates are at record low levels
- VA mortgage loan limits in California go all the way up to $625,000 with zero down in San Francisco, San Jose, and most of the Bay Area. Los Angeles and Orange County VA loan limits (Anaheim, Santa Ana) go up to $621,000. San Diego VA loan limits are $477,000 with zero down. Much of the rest of California like Fresno, Sacramento, Riverside, San Bernardino, Redding, Bakersfield and more go up to $417,000 with zero down
Best Regards,
Rob Chomentowski
858-922-7899, homeloan8@gmail.com
Sr. Loan Officer (and VA specialist)