VA mortgage loan limits have changed for California in 2012. Below are the new VA loan limits for major California cities: San Diego: $477,000 Los Angeles:$621,000 Orange County: $625,000 San Francisco: $625,500 San Jose: $625,500 East Bay (Contra Costa County, Alameda County): $625,500 Napa: $460,000 San Luis Obispo: $457,700 San Mateo:$625,500 Santa Barbara:$598,000 Santa Cruz: [...]
Va Home Loan
If you had to go through a foreclosure in the past few years there is some great news. You only have to wait two years to apply for a VA home loan after your prior foreclosure. They key is to look up the exact date the property deed transferred out of you name on the prior foreclosure, [...]
Short sales have been very common throughout the state of California the last four years. Many borrowers have found themselves upside down on their properties after the decline in house prices mostly in 2008 and 2009. The good news is that you can get a VA loan only two years after a short sale. This means many [...]
VA loan credit scores do not have to be perfect to successfully qualify for a VA home loan in California. But there are certain VA loan requirements for credit scores that has to be met. As a general rule, you will need your VA loan credit score to be over 620 to be able to get [...]
The VA has gone back and forth on this a few times, but as of now VA home loan lenders have lowered the VA funding fee for VA borrowers in California. This is really terrific news because VA home loans already do not require monthly mortgage insurance, and now even the up front funding fee [...]
