When you get any type of VA mortgage in California, both spouses credit has to be checked to qualify for the VA loan. So even if you want to do a VA refinance loan in California and you got married after you originally purchased your house with a VA loan, and your spouse in not on title or the current loan, that spouses credit still has to be checked for the VA refinance loan in California. This is because California is a community property state.
However, even if though your spouse’s credit has to be checked, their credit quality can’t affect you getting the VA loan in California. But any debt obligations they have to be included in your VA loan qualification. VA refinance IRRRL loans don’t require income and debt calculations, so for this particular loan even the non-borrowing spouse’s debt obligations would not come into play.
So in summary, whenever you are getting a VA loan in California, just keep in mind that your spouse’s credit will always have to be checked even if that spouse is not on the VA loan.
Below are some of the most up-to-date advantages of getting VA financing in California:
- VA loan limits in many areas of California such as San Francisco, Alameda County, and Contra Costa County can go up to $962,000 with 100% financing. And many areas such as Los Angeles, Orange County, and San Diego County allow 100% financing on VA loans above the conforming loan limits.
- VA loan credit scores do not have to be perfect. You only need a 620 score to get some of the best VA loan rates out there.
- VA loan interest rates are at their lowest since the 1950′s
- VA streamline refinance loans in California are a very easy and painless way to drop your VA loan interest rates substantially and lower your payment substantially
Feel free to give us an email at homeloan8@gmail.com or a call at 858-922-7899 if you have questions at all about getting approved for a VA loan in California.
Best Regards,
Rob Chomentowski
Sr. Loan Officer (and VA specialist)
858-922-7899
VA Streamline Refinance If Got Married After Original Purchase is a post from: VA Home Loans 858-922-7899
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