No down payment required in most cases
Lower interest rates
Loan may be up to 100%* of VA-established “reasonable value” (*NOT TO EXCEED $417,000 with no down payment)
No mortgage insurance
VA Loans may be assumable
Right to prepay loan without penalty.
With VA eligibility a borrower can finance the purchase of a new home up to 100% of the appraised value of the property. $417,000 maximum loan amount with no down payment. Call for figures and rate quotes.
With VA eligibility a borrower can cash out up to 90% of the appraised value of the property. This money can be used for any purpose: debt consolidation, home improvements, Cash, etc.
The best loan program to come down the pike. Cal-Vet will loan up to $521,250 on homes & condos with as little as 2% down payment. If you have used your Cal-Vet to buy a previous home, you may be eligible to use it again. Also Cal-Vet will finance mobile homes up to $125,000 and farm up to $300,000. Give me a call to find out what you qualify for. The Cal-Vet 1st time home buyer program rate is even lower, call for the current quote.
If you are interested in getting a V.A. Loan, fill out the LOAN PRE-APPLICATION FORM or email Davie Tapie with any questions you might have concerning your eligibility.