VA Home Loans for active military and veterans is the only 100% financing program available today other than the USDA rural loan (which is only available in select rural areas). So the VA Loan benefit is a really outstanding benefit to gain homeownership that all eligible veterans and active military should utilize.
VA has different limits for the maximum loan size it will lend for different counties across the state of California. Naturally more expensive counties have higher loan limits. Here is an example of how high VA will go in some select counties with 100% financing:
- San Diego County:$593,750
- Alameda County:$1,094,625
- Contra Costa County:$1,094,625
- Los Angeles County:$737,500
- Orange County:$737,500
- Sacramento County:$516,250
- San Francisco County:$1,094,625
- Santa Barbara County:$656,250
- Santa Cruz County:$805,000
- Solano County:$435,000
- Sonoma:$556,250
- Fresno County:$417,000
- Riverside County:$417,000
- San Bernardino County:$417,000
- Kern County:$417,000
- San Joaquin:$417,000
If I didn’t mention your county, give me a call or send me an email. So if you have the income to qualify, a VA eligible borrower could get a 100% zero down VA loan in San Francisco for $1,094,625! Orange County for $737,500, San Diego County for $593,750 and so on and so forth. That is really amazing considering what has happened with the tightening of loan guidelines with non VA conventional home loans.
VA Loans are such a great option in today’s market because of the following factors:
- 100% financing
- No monthly mortgage insurance
- Historic low 30 year fixed rates
- You don’t need perfect credit
- The seller can pay all your closing costs, so you can buy a house with almost nothing out-of-pocket
But even though you can get 100% financing, always make sure you feel comfortable making the housing payment for the house you decide to buy and never overextend yourself. If you have any questions about VA Home Loans, feel free to call or email at any time.
Warm Regards,
Rob Chomentowski
Sr. Loan Officer (and VA Specialist)
858-922-7899 (direct)
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