Sacramento VA Loans
California veterans interested in buying a house in the Sacramento area should look into obtaining a VA Loan first. California VA Loans make it possible for military personnel and veterans to get much more house for their money. Sacramento homes are pricey, but with a VA Loan no down payment is required, making home ownership much more affordable.
VA Loan vs. Conventional Loan
The VA Loan Guaranty program has a lot of benefits over a conventional loan. For starters, there is no down payment required up to a certain price. In Sacramento the loan limits have increased recently which means you can get a big family home and still not have a down payment. The guaranty from the VA also means you won’t have to pay monthly insurance, and most times you can get a much better interest rate than with a conventional loan. The VA is also much more lenient in regards to your credit scores. Even if you couldn’t qualify for a conventional loan, it doesn’t necessarily mean you won’t be able to obtain a VA Loan.
Who qualifies?
In California, you are eligible if you have served 181 days of regular active-duty service in the military. For ex-military, the timeline is the same unless you served during wartime or you were discharged with a service-related disability. In all cases, you must have been discharged under honorable circumstances. There are also some situations where the widow of a veteran may qualify for a VA Loan. To see if you qualify, fill out the eligibility form on the VA’s website. This form can be submitted either electronically or through the mail.
California VA Loans are widely available. With all the benefits that the VA offers with its loan guaranty program, you can get a huge house for a great price. Whether you are looking for your first home or want to upgrade to a bigger family house, now has never been a better time to buy with a VA Loan.
To get qualified fill out our secure 1-minute application form today.
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