Buy Your Dream Lake Elsinore Home With a VA Loan

What Is a VA Loan?

VA loans are $0 down mortgage loan options that are available to military Service Members, Veterans and select military spouses. VA loans are issued by private lenders and are more affordable than other home loan programs. VA Loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and provide a great mortgage opportunity for those who have served our country.

Benefits of VA loan options include $$0 down payment, lower interest rates and other special loan terms offered exclusively for veterans, service members and select military spouses of the US military.

The VA Loan Process

To be eligible for a VA loan, you or your spouse must meet the minimum service requirements set by the Department of Veterans Affairs (VA), must have a valid Certificate of Eligibility (COE), and must also meet the credit and income requirements established by the lender.

You or your spouse must also meet one or more of the following requirements:

  • Have served 90 consecutive days of active service during wartime.
  • Have served 181 days of active service during peacetime.
  • Have at least 6 years of service in the National Guard or Reserves.
  • You are the spouse of a service member who became disabled as a result of a service-related incident or has died in the line of duty.

What Is a VA Loan

Why a VA Loan?

Benefits of applying for a VA Loan in Lake Elsinore include:

  • The ability to receive 100% financing with no loan limits restrictions up to $2 million.
  • No Private Mortgage Insurance (PMI): You can save thousands of dollars over the life of your loan
  • Competitive Rates: Can be up to 1% lower than a conventional loan due to backing from the VA.
  • Easier to Qualify: VA Loan approval is not based solely on your credit score. Loan qualifications allow for your entire financial status to be reviewed.
  • 100% LTV Cash-Out Refinance: Veterans who qualify for a VA loan may be eligible to refinance and access the full equity in their home.

GET A COPY OF YOUR VA CERTIFICATE OF ELIGIBILITY NOW

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Why a VA Loan?

Your Home Loan Could Be Fully
Funded 21 Days From Now

  • fixed rate
    mortgage

  • Adjustable Rates Mortgage
    (ARM)

  • Conforming
    loans

  • jumbo and super
    jumbo loans

  • FHA, VA, &
    USDA Loans

  • Terms from
    5 to 30 Years

Get Your VA Loan Quote Now!

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