VA Loans are designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Parkview Investment & Loan is the leading provider of VA loans for San Diego, Chula Vista, National City and Imperial Beach as well as the whole state of California. For more information on VA loans and how to qualify contact us today at 858-337-6968 or fill out the quick quote on the right.
Advantages of VA Loans
VA Loans offer active military and veterans with mortgage solutions that allow 100% financing against the home value. This allows a VA homebuyer to purchase a home with 0% down or allows a homeowner to pull out all of their’s home equity.
VA loans will now allow Veterans do certain rehab work to the property similar to a FHA 203K.
Eligibility for VA Loans
You may qualify for a VA loan if you meet one or more of the following:
You have served 90 consecutive days of active service during wartime,
You have served 181 days of active service during peacetime,
You have more than 6 years of service in the National Guard or Reserves,
You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
Certificate of Eligibility
A eligible borrower must obtain a Certificate of Eligibility from the Department of Veterans Affairs. In most cases, this certificate can be obtained online by your loan officer. In some cases, more research is required and a copy of your DD-214 is required.
VA Loan Limits
Loan Limits are determined by the County that the property is in. In most cases, the typical loan limit is $453,100 but that does not mean that you can not qualify for a higher amount. In some cases, you may be able to get a much higher mortgage amount but may be required to either a small down payment or have some equity in the property.
Apply for a VA Loan today
Parkview Investment & Loan is proud to help military service members, veterans and their spouses with VA loans. We serviced many veterans in San Diego, Chula Vista, National City, Imperial Beach as well as throughout all of California. If you are looking to refinance to a lower interest rate or buy your first home we can help. Call Parkview Investment & Loan today at 858-337-6968 or fill out the quick quote on the right to speak to a VA professional.