VA Loan

VA Loans are designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Sacrameto City Mortgage is a leading provider of VA Loans in Sacramento, Elk Grove, Folsom as well as the whole state of California. For more information on VA loans or how to qualify contact us today at (916) 790-5626.

What is a VA Loan?

 

Advantages of VA Loans

  • 100% financing without private mortgage insurance or 20% second mortgage.
  • A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
  • When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
  • When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.

VA Loan Eligibility

 

Certificate of Eligibility

 

VA Loan Limits

 

Get a VA Loan Today!

(Conclusion)

It is generally easier to qualify for a VA loan than conventional loans. Sacrameto City Mortgage is a leading provider of VA Loans in Sacramento, Elk Grove, Folsom as well as the whole state of California. For more information on VA oans or how to qualify contact us today at (916) 790-5626.