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How to Get a VA Loan in California

VA loans are available in California from Huntington Beach based Summit Lending. In fact, we are proud that our top-rated team of mortgage professionals in Orange County includes US Veterans. As a VA-approved lender, our team of California mortgage brokers and mortgage professionals are honored to help active duty military members, military veterans, and military reservists. VA loans are also wonderful mortgage loans for spouses of military members. VA loans are available through Summit Lending in Southern California, whether you want to buy a home, or refinance your current mortgage.

What Qualifies You for a VA Loan?

If you’re interested in a VA loan, you probably have good reason to believe you may qualify because you’re currently serving, or you have served in the military in the past. However, there are specific requirements to be met. To qualify for a VA loan in California you must meet one of the following criteria:

  • Fulfill 90 consecutive days as an active duty military service member during wartime
  • Fulfill 181 consecutive days as an active duty military service member during peacetime
  • Veteran who was honorably discharged after serving 90 consecutive days during wartime
  • Veteran who was honorably discharged after serving 181 consecutive days during peacetime
  • Served at least 6 years as a reservist for the
    • Army Reserve
    • Navy Reserve
    • Marine Corps Reserve
    • Air Force Reserve
    • Coast Guard Reserve
    • Army National Guard
    • Air National Guard
  • Be the spouse of an active duty service member, or reservist.

What Are VA Loan Benefits?

VA loans afford California veterans and active duty military members many benefits. The most notable is the 100% financing option that may be available. That means that qualified veterans, active duty service members, reservists, and spouses may not need a down payment to purchase a home in California with a VA loan. In addition, VA loans often limit the amount of closing costs for buyers, and there are no prepayment penalties for paying off your loan early. VA loans often have some of the best interest rates available in SoCal, and they do not require private mortgage insurance.

What is the VA Loan Limit in California?

The total amount you may borrow is known as the VA loan limit. The maximum amount depends on the geographic region where you are buying a home, or where your home is located if you’re doing a refinance. Current VA loan limits for various counties in Southern California are as follows:

Los Angeles County: $726,525
Orange County: $726,525
Riverside County: $484,350
San Bernardino County: $484,350
San Diego County: $690,000
Ventura County: $713,000

If you want more information about getting a VA loan in California, Summit Lending can help. We are proud to count veterans as our colleagues at our Huntington Beach office. Contact our experienced Orange County, CA mortgage brokers today by calling 888-451-9006 or send us a message here.

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