VA Loans help Service members, Veterans, and eligible surviving spouses become homeowners. As part of our mission to help you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.VA Loans are provided by private lenders, such as banks and mortgage companies. VA guarantees part of the loan, enabling the lender to provide you with more favorable terms.

Who is eligible for VA Loans San Diego, CA?

• Veterans
• Active-duty personnel
• Reservists/National Guard members
• Some surviving spouses
The length of your service or service commitment and/or duty status may determine your eligibility for specific home VA loans and benefits.

Several types of VA Loans

1) Purchase Loans and Cash-Out Refinance: VA-guaranteed loans are available for homes for your personal occupancy. To be eligible, you must contain a good credit score, a sufficient income, a valid Certificate of Eligibility (COE), and meet specific service requirements.

2) Interest Rate Reduction Refinance Loan (IRRRL): The IRRRL is a “VA to VA” loan, which can only be applied to refinance an existing VA loan. An IRRRL can be done only if you have already used your eligibility for a VA loan on the property you intend to refinance.

3) Native American Direct Loan (NADL) Program: The NADL program helps Native American Veterans purchase, construct, improve, or re-finance a home on Native American trust lands. Your tribal organization must participate in the VA direct loan program. You must have a valid Certificate of Eligibility (COE) and meet specific service requirements.

4) Adapted Housing Grants: VA helps Veterans with certain total and permanent disabilities related to your military service obtain suitable housing with either a Specially Adapted Housing (SAH) or Special Housing Adaptation (SHA) grant.

Please call San Diego Mortgage & Realty to get started on your VA loan: (858) 487-2208.

VA Loans 15-Year Fixed Rate

• Enjoy a faster payoff with a shorter loan term.
• Interest rates and payments are typically lower than 30-year loans.
• Expect a higher principal payment than a 30-year loan.

VA Loans San Diego: 30-Year Fixed Rate

• Make lower monthly payments than a 15-year loan.
• Pay the exact monthly principal and interest payment for 30 years.