Information for Real Estate Professionals on VA and CalVet Home Loans

VA Veterans Home Loan Cal Vet Ventura County

For many Real Estate Agents and Brokers, the topic of a VA or CalVet home loan is daunting. The process is often difficult and full of rules that surprise many without experience. Because of this, many real estate companies and mortgage brokers turn to Mister VA for help. We can either assist you with the process or take it over completely for you.

Here are some of the more common questions encountered with a VA or CalVet home loan?

  • What is the current limit for a VA or CalVet Home Loan?
    • With $0 Down, the limit is currently $417,000. Many homes in Ventura County now qualify for this type of Zero Down Loan. CalVet home loans limit is $521,250.
    • With a down payment, the limit is currently as high as $1,000,000, most lenders have a lower loan limit.
  • Why is a VA or CalVet Home Loan best for VA's?
    • No down payment is required.
    • No mortgage insurance
    • Easier qualification standards
    • Credit and income requirements are not as strict
    • No prepayment penalties on your loan
  • What types of property qualify for a VA Loan?
    • VA, 1 to 4 unit condos.
    • Single family home, condo, farms and some mobile homes.
  • Can an existing loan be refinanced as a VA loan with a lower interest rate?
    • Yes.
  • How does your client obtain the certificate of eligibility or DD214?
    • Call this office, we'll handle it for you (805) 389-0505.
  • Who Qualifies for a VA or Cal-Vet Home Loan?
    • Almost all honorably discharged veterans and active in service.