VA Loan

No Money Down Loans
Do you qualify for a low rate zero down VA loan? VA Home Mortgage Loans specializes in 100% VA loan programs. Our VA lenders offer 100% home purchase loans, streamline refinancing and cash out refinance loans. We are a VA approved lending company who prides itself in offering the best government mortgage loans to veterans online.

VA is the last mortgage program that still allows no money for purchasing owner occupied real estate and 100% VA refinancing for existing veteran loans. Credit guidelines continue to be flexible and forgiving. Limited or bad credit borrowers do have a good opportunity to qualify for military financing. Please take a moment and complete one of our mortgage applications and one of our experienced loan professionals will get back to you shortly.

Local California VA Loan Specials for Veterans and Active Military!

What is a VA Home Loan?
The VA home loan programs have become very popular within the military networks.  The VA home loan is a government-insured home loan program specifically for active duty military, surviving spouses, reservists and veterans who meet the minimum VA requirements that includes the certificate of eligibility and income documentation. A portion of each loan is guaranteed by the VA to protect the lender's investment if the borrower defaults. This portion is called an "entitlement." Because of the decreased risk to lenders, eligible borrowers may receive home mortgage loans with up to 100% financing. However borrowers will need money towards closing costs and the earnest money deposit, which the seller generally requires when a sales contract is signed.

The VA Loan Guaranty Service is the organization within the Veterans Benefits Administration (VA) charged with the responsibility of administering the home loan program. Their mission is to help veterans and active duty personnel purchase and retain homes in recognition of their service to the Nation.

VA Funding Fee
Unlike FHA and conventional loans, VA does not charge a private mortgage insurance (PMI) premium for those who are not able to come up with a down payment. Instead, a fee of 2% of the loan amount (2.75 percent for Reservists) is payable when the VA loan closes your loan, and can be included in the loan. The fee is reduced if the veteran makes a down payment of at least 5 percent.

Certificate of Eligibility
Before applying for a VA loan, you will need to get a Certificate of Eligibility. Your lender may be able to get it. But, if the VA doesn't have enough information about you in its database, you may have to request it directly from the VA. Getting a Certificate of Eligibility does not guarantee that you'll get the loan. It just lets the VA mortgage lender know that you are eligible for a veteran loan, and it is necessary in order for you to apply for the loan.

• Certificates of Eligibility - What is needed, and how to obtain it.
• Lost proof of service?  Visit the National Archives and Records Administration or from the American War Library .
• Need to find lenders? Visit the Ginnie Mae site to fine one.
• HUD - Contains information on shopping for a home, closing costs and terminology.
• MBA (Mortgage Bankers Association of America) - Will give you information on the purchase process, calculators and real estate terms.
• Freddie Mac (Federal Home Loan Mortgage Corp.) - Site will give you information about the purchase process and real estate terms.
• FNMA (Fannie Mae) - Contains information on the purchase process.