San Jose VA Loans
San Jose is a favorite destination for both tourists and people looking to settle down. Just as it is with all major cities in California, the size and popularity of San Jose have made the house prices very high. The average person can’t afford to buy a home in San Jose, which is why the VA has created a loan guaranty program to help out its California veterans. With a VA Loan you can not only afford a house in the San Jose area, but you can get a much bigger, better house than you would with a conventional loan. Take a look at the benefits and eligibility requirements to help get you started on a VA Loan today.
Benefits
With a VA Loan you are entitled to some really great benefits that you wouldn’t find with a conventional loan. The biggest benefit is that no down payment is required to purchase a house. This is a huge relief, as down payments can often be very substantial and out of reach for many people, especially young, first-time buyers. And right now the loan limits in San Jose are higher than ever, making it possible to purchase homes in the upper six-figures with no down payment. Another great benefit is that you won’t be required to pay Private Mortgage Insurance and can often get a much better interest rate than with a conventional loan. Overall the VA has made it as easy and cheap as possible to become a homeowner in California.
Who Qualifies?
In order to qualify for a VA Loan in California, you must be a member of the military and have served 181 days of regular active-duty service. Ex-military also qualify if they served this time and were discharged under honorable circumstances. There are quite a few exceptions, so make sure you explore all your options as a veteran or widow of a veteran.
With all the benefits of a VA Loan, there has never been a better time than now to buy a home in San Jose. You’ll be amazed at what you can afford when you go through the VA to obtain a loan.
Get qualified fast and easy with our 1-minute quote request form and start the savings today.
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