If you are active military, or a military veteran, a VA loan could be the perfect mortgage option for. VA loans in California has lots of benefits for active military personnel, veterans, and their families. EZ Online Mortgage can help you navigate the sometimes-confusing waters of the Department of Veterans Affairs’ policies. Our dedicated team of professionals is eager and ready to help you and your family get the financial solution you deserve.
What is a VA Loan?
VA loans in California and other states are home loans for the purchase of a primary residence available to homebuyers who have served or are presently serving in the U.S. military. The Department of Veterans Affairs (VA) does not directly lend money to homebuyers, but goes through private lenders, such as EZ Online Mortgage, to veterans who are eligible. VA home loans rates are very affordable, compared to other rates.
Who is eligible for VA loans?
The following consumers are eligible for VA loans:
- Active-duty personnel
- National Guard members
- Surviving Spouses
Benefits of a VA Loan
There are many benefits to VA loans, and if you have a connection to the military, whether through your own tour of service or a family member, you should take advantage of getting one. Benefits include:
- No down payment
- A negotiable interest rate
- No mortgage insurance premiums
- An assumable mortgage
- Right to prepay without penalty
- VA assistance to veteran borrowers in default due to temporary financial difficulty
Get a VA loan through EZ Online Mortgage
As the VA does not dispense loans to homebuyers directly, you must apply for a VA loan with a mortgage lender that participates in the VA program, such as EZ Online Mortgage. Let our team, with over 30 years experience in the industry, help you determine if you’re qualified for a VA loan and guide you through the application process. Call now to book a free consultation.