What Your Real Estate Agent Needs to Know about VA Financing | Orange County, CA
Although VA financing is a great way to purchase a home in Orange County, CA, it is still used rarely enough that Orange County real estate agents are unfamiliar and even uncomfortable with VA buyers....
View ArticleImpound/Escrow Accounts are Required on VA Loans for Orange County Veterans
An impound account, also known as an escrow account, is required on VA loans for the life of the loan. The purpose of the impound account is to make sure the Veteran stays current on the property taxes...
View ArticleOrange County VA Loan Limits Increase through end of 2012
The VA loan limits in Orange County, CA were already at a high level in 2012. Effective August 6, 2012, the VA loan limits for 100% financing in Orange County has been increased from $621,000 to...
View ArticleVA Loan Refinancing Picks up in Orange County, CA
VA loan refinancing has picked up quite a bit in Orange County in 2012. And it’s not just current VA borrowers taking advantage of the VA to VA Interest Rate Reduction Refinance Loan, also known as the...
View ArticleWho Pays Closing Costs on VA Loan in Orange County, CA
A common myth with VA loans in Orange County is that the seller is required to pay some or all of the closing costs on behalf of the Veteran buying the home. This is not true. As a matter of fact the...
View ArticleVA Refinancing Options For Eligible Orange County, CA Homeowners
VA mortgage loans allow you to refinance your home to take advantage of lower interest rates that can ultimately save you sizable sums of money in both the long-run and the short-run by lowering your...
View ArticleWhy Get PreApproved for a VA Mortgage?
The real estate market in Orange County, CA is hotter than its been in years making mortgage PreApproval more important than ever. There are more people looking to purchase a home, and all price...
View ArticleVA Loan Program is not just for first time home buyers
Many Orange County, CA veterans think that the VA loan program is only for first time home buyers. Or is for low income home buyers. In Orange County especially, that is not even close to the truth. In...
View ArticleWhat FICO Score is Required for a VA Loan?
A common question by Orange County veterans interesting in using VA financing to purchase or refinance a home is “what is the minimum FICO required?” The answer to this question can vary from lender to...
View ArticleWhy the VA Home Loan Program is so Good for Orange County
The VA home loan program is very good for Orange County Veterans. For those who have served our country, the VA home loan offers a way to buy a home with no down payment. But what makes the loan even...
View ArticleApproval for VA Home Loan after Foreclosure or Short Sale
It is possible to get approved for a VA home loan only two years after a foreclosure or short sale. VA home loan guidelines are more lenient in this respect that just about any other type of financing....
View ArticleHow to Refinance from a Cal-Vet Loan to a VA Home Loan
It is possible to refinance a Cal-Vet home loan. You just have to do it into a new VA home loan. One of the downsides of the CalVet home loan program is that you cannot refinance when interest rates...
View ArticleRestoring Entitlement
It is possible for Orange County Veterans to use their VA benefit for a home loan more than once. And there are a couple of ways to do it. What many Veterans don’t realize is that the VA home loan is...
View ArticleRefinance FHA Loan into VA Home Loan
Many times Veterans will use an FHA loan to buy a home when the better option would have been a VA home loan. This happens in Orange County quite often. The reason tends to be because there a lot of...
View ArticleVA Loan Limits for Orange County increased in 2014
The VA loan limits in Orange County for 2014 will be $687,500. The Veterans Administration recently announced the 2014 VA loan limits and many counties in California saw an increase due to the improved...
View ArticleVeteran Buys Home in Orange County, CA 2 Years After Short Sale
Veterans using a VA loan can buy a home in Orange County only two years after a short sale, foreclosure, or bankruptcy. Recently I helped a Veteran buy a home in Orange County for $620,000 with no down...
View ArticleWhat Is The VA Funding Fee?
The VA Funding Fee is a fee that is required in order to receive a VA loan.The post What Is The VA Funding Fee? appeared first on Orange County, California VA, FHA, HARP and Jumbo Home Loans - Tim...
View ArticleWhat is CAIVRS?
Credit Alert Verification Reporting System, commonly known as CAIVRS, is a shared database of Federal debtors. CAIVRS was developed in 1989 as a quick way for “processors of applications for Federal...
View Article100% Cashout Refinance VA Loan
The VA home loan is one of the very few, if not only, loan programs that allows for 100% financing. But what many Orange County Veterans eligible for a VA loan don’t realize is that it also allows for...
View ArticleWhy Orange County Home Sellers Should Accept Offers from Veterans
Orange County home sellers should take offers to purchase their homes from Veterans using VA financing seriously. It can be frustrating for Veterans in Orange County when sellers seem to disregard an...
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