VA Home Loans
in California
★ ★ ★ ★ ★
- 5-Star Rated Mortgage Broker
- Special mortgage program for Veterans
- Get finances for your new home
- We are professionals you can trust
- Office located in Los Angeles
What type of property are you refinancing?
Single Family
Multifamily
Condominium
Townhouse
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
What type of property are you purchasing?
Single Family
Multifamily
Condominium
Townhouse
Are you a first-time home buyer?
Yes
No
How will this property be used?
Primary Residence
Vacation Home
Investment Property
Estimate credit score
Excellent 770+
Good 660-719
Avg. 620-659
Below avg. 580-619
Poor <579
Final Step
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Summary
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What is a Veteran Home Loan?
If you have served our country, there is a loan program that helps veterans purchase homes in California on favorable terms.
A VA loan is one of the most useful benefits for veterans, service members, and eligible surviving spouses.
VA loans are backed by the U.S. Department of Veterans Affairs.
With this military home loan, you can get a house with as little as zero down payment.
To qualify, a borrower must present a Certificate of Eligibility (COE) to the lender, establishing record of military service.
Who is Eligible for a VA Home Loan?
To obtain veterans’ mortgage loans, you must get a COE – Certificate of Eligibility, which is issued by the Veterans Administration. Active duty, guard, and reserve members, veterans, and military spouses may qualify for the certificate.
Requirements for Eligibility:
Active Duty Service Personnel
Service after 9/7/1980 (enlisted) or 10/16/1981 (officer)
Gulf War Service
Peacetime-Service
- 7/26/1947 to 6/26/1950
- 2/1/1955 to 8/4/1964
- 5/8/1975 to 9/7/1980 (Enlisted)
- 5/8/1975 to 10/16/1981 (Officer)
A person must have served at least 181 days of continuous active duty.
Wartime - Service
- WWII: 9/16/1940 to 7/25/1947
- Korean: 6/27/1950 to 1/31/1955
- Vietnam: 8/5/1964 to 5/7/1975
A person must have served at least 90 days on active duty.
Selected Reserves or National Guard
Have Questions? Reach us out.
In-Person at LA Office
1810 W Burbank Blvd #150, Burbank, CA 91506
Cell-phone
M-F 10 AM-5 PM (PST)
On-line
Simply e-mail or use online-chat
The Benefits of a Veteran Home Loan
VA loans are guaranteed by the government, which gives confidence to lenders and helps military personnel secure good loan terms and rates. Veterans Administration offers assistance to help borrowers avoid default.
No Down Payment
Borrow up to $679,650 with zero down.
Low Interest
Average rates in California are lower than conventional loans.
No Prepayment Penalties
Pay off early without fees.
Bankruptcy is Ok
Eligibility possible even with past bankruptcy or foreclosure.
Lower Your Payments
VA refinance options help reduce monthly costs.
Reusable Loan
Full entitlement can be restored after a prior loan is repaid.
Military Loan Types
There are several mortgage loan types that are offered to veterans and military personnel:
VA Home Purchase Loan
Buy with zero down.
Cash-Out Refinance
Tap home equity.
Native American Direct Loan (NADL)
For Native American veterans.
Adapted Housing Grant
For veterans with service-related disabilities.
VA Home Loan Process
Four easy steps to your second home:
Step 1
Pre-Qualification
Talk to Us to Know Your Options
Step 2
Find Your Dream Home
Enjoy a Home Shopping Experience
Step 3
Pre-Approval
Get a Loan Approval on the Terms You Want
step 4
Closing
Enjoy Your Homeownership
How much is a VA funding fee?
In order to keep the VA loan system working, there is a funding fee that you need to pay. The funding fee is a percent of the loan value. Reserves and National Guard need to pay 2.4% on 0% down payment and regular military officers – 2.15%.
If you are accessing a VA loan for the second time, you would need to pay a funding fee of 3.3%. A funding fee is waived for veterans who receive VA compensation for disabilities related to their service, surviving spouses who died, and veterans who will receive compensation for service-related disabilities.
How to Get a VA Home Loan in California?
- First of all, you need to get prequalified to estimate what house you can afford based on your income and other financial factors.
- Another major step is getting pre-approved. If you are, then you will receive a pre-approval letter that will demonstrate that you are a serious buyer.
- When you find a loan approved home you need to put your offer. If you need a reliable agent in Los Angeles, California, we will gladly assist you and help you find the house that you need.
- Once you have a contract, the lender will order a VA appraisal of the property. Underwriters will evaluate your income and other financial documents.
- You sign all the documents at the loan closing and get the keys to your new home.
VA Home Loans in California FAQ
What is a VA home loan, and who is eligible?
A VA loan is a mortgage backed by the U.S. Department of Veterans Affairs, available to veterans, active-duty service members, members of the National Guard and Reserves, and eligible surviving spouses.
What are the benefits of a VA home loan?
VA loans allow eligible borrowers to buy a home with no down payment, no private mortgage insurance (PMI), and competitive interest rates. Flexible credit standards and refinancing options make them one of the most affordable mortgage programs for veterans and service members.
What are the eligibility requirements for a VA home loan in California?
Eligibility depends on service history. Most veterans qualify with 90 days of wartime service, 181 days of peacetime service, or 6 years in the National Guard/Reserves. Surviving spouses may also qualify. See our Eligibility section above for full details.
What documentation is required to apply for a VA home loan?
To get a VA home loan, you will need:
- Certificate of Eligibility (COE): Document your eligibility for a VA home loan.
- Proof of service: DD Form 214 for veterans or a statement of service for active-duty personnel.
- Financial documents: Recent paystubs, W-2s, tax returns, and bank statements.
- Credit report: A full credit statement to assess creditworthiness.
Can I use a VA home loan to refinance my existing mortgage?
Yes, the VA has numerous refinance options open to you:
- Interest rate reduction refinance loan (IRRRL): This VA loan option, also known as a VA streamline refinance, is available to you if you have an existing VA loan that you would like to refinance into a lower interest rate.
- Cash-out refinance: This option allows you to withdraw cash from your home equity for any purpose while you refinance into a new VA loan, even when your current mortgage is not a VA loan.
Are there any fees associated with VA home loans?
Most VA loans include a one-time funding fee, which varies by service category, down payment, and whether it’s a first-time or repeat use. Some veterans and surviving spouses are exempt. See our Funding Fee section above for exact percentages.
What are the possible drawbacks of a VA home loan?
While VA loans have several advantages, they also have a few disadvantages.
- The funding fee: Since it can be an added cost, the VA funding fee may be financed into the loan.
- Property requirements: Homes must meet the minimum standards the VA sets, which could limit options.
- Primary residences only: VA loans are for primary residences only, not to purchase investment properties or vacation homes.
How can ID Mortgage Broker help me secure a VA home loan?
At ID Mortgage Broker, we guide veterans through every step: confirming eligibility, preparing documentation, comparing loan options, and ensuring a smooth closing. Contact us at (323) 741-5858 or visit our Sherman Oaks office for personalized assistance.
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