VA Loans for California Vets

If you currently reside in California and you are either a Veteran or Active Duty, you may be eligible to purchase or refinance your home with a VA Loan. There are different loan limits depending on the county you live in. If you have served in the US Military and received an honorable discharge, you have VA Loan eligibility.

The Veterans Administration guarantees VA Loans up to a certain percentage of the loan amount. VA Loans in California are also assumable from other Veterans or family members of Veterans. Give us a call to find out if you are eligible for a VA Loan in California.

California VA Streamline Loan

Even if your loan is "under water" or you have no equity in your home, it is still possible to refinance your VA Loan in California. Freedomstar Financial works with lenders who do not require an appraisal or AVM (automated valuations) for your California VA IRRRL.

If you have VA disability benefits greater than 10%, you are exempt from the VA Funding Fee. If not, Veterans in California are subject to a VA Funding Fee of 0.5% of the loan amount. The VA Funding Fee can be rolled into the loan amount and paid down over the full term of the loan.

New Home Purchase with a California VA Home Loan

Many Veterans do not take advantage of their VA Benefits when purchasing a home in California. The average down payment on a VA Loan in California is between 0%–2.5%. This is the lowest down payment loan available on the market today. Even FHA Loans have an average down payment of between 3%–4% of the appraised value of the home.

This makes the VA Loan an extremely attractive loan for home buyers, especially in California where home prices are so high and traditional loans that require down payments of 20% or more can end up requiring hundreds of thousands of dollars for the down payment alone.

Military Bases in California We Serve

Camp Pendleton Marine Base, Coronado Naval Base, Miramar Air Station, Beale Air Force Base, Edwards Air Force Base, Travis Air Force Base, Vandenberg Air Force Base, North Island Naval Complex, Fort Irwin Army Base, Los Angeles Air Force Base, March Air Reserve Base, and many more.