Over the past few weeks, 30 year fixed rates on VA loans have plummeted. We are probably close to 50 year lows. The combination of:
- much lower home prices in California than 4 years ago (in some cases lower than 5-7 years ago)
- rock bottom low 30 year fixed VA loan interest rates
- 100% VA home financing
- a true buyers market in California
….makes it a very attractive time in history for active military and veterans to use their VA home loan benefits to purchase a home in California. Many military members and veterans were priced out of the market over the past few years, this is no longer the case. Even in prime coastal areas of the state like San Diego.
Additionally, if you currently have a VA home loan you may be able to refinance to a much lower rate and payment. VA offers a streamline refinance where they do not require income documentation, appraisal or credit.
Give us a call or email if you would like to discuss a VA purchase loan or a VA refinance.
Warm Regards. rob@affinity-financial.com
