VA Information

Info on Veterans Loans

Millions of American who have served this country in military duty can qualify for a VA loan. If you have ever served at least 90 days of active duty in the military, you may qualify. People who have served in the National Guard or the Reserves with at least six years of service may also qualify. You may only have one VA loan outstanding at a time, but otherwise there is no limit to how many you can have in your lifetime. San Diego veterans will benefit by having a qualified VA mortgage expert assist through the process.

The Federal Government has recently increased the loan limit to $417,000 with no down payment. There are benefits for veterans who want to make a down payment, too. The VA allows the seller to pay all of your closing costs. VA loans in San Diego are typically at least a quarter point lower interest rate than conventional mortgage loans.

Veterans with a disability may even have their VA fees waived. Many banks will try to talk veterans out of these benefits because they simply have no one qualified to handle them or because they think there is too much paperwork.

You deserve to get your full benefits from an San Diego VA loan expert. As a specialist in veterans loans all of San Diego, I make the process efficient and effective.

Keep in mind that VA loans are very tolerant of credit issues and that you deserve what is best for you, not what is best for the bank. The VA also offers a couple of different types of refinances. One on an existing VA loan called a “Streamline Refinance”. This type of refinance takes your current interest rate and lowers it (if available) with no out of pocket expense.

The other type of VA refinance allows you to take up to 90% of what your house is worth to pay off your current loan, debts and receive the remainder in cash.