We are Ken & Karen Bates. We are two veterans who purchased our first home with a $500 credit card deposit and a VA loan. Our mission in beginning Military Home Loans was to help others like us discover their VA loan benefits while assisting them to better navigate the process.
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The VA will guarantee a maximum of 25 percent of a home loan amount up to $113,275, which limits the maximum loan amount to $453,100. Generally, the reasonable value of the property or the purchase price, whichever is less, plus the funding fee may be borrowed.
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Use our free VA mortgage calculator to quickly estimate what your new home will cost. Includes VA loan limits, taxes, insurance and the latest mortgage rates.
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About Home Loans. VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve 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.
Get directions, reviews and information for VA Loan Pros in San Diego, CA.
VA Loan Eligibility Requirements. To be eligible for a VA Loan, veterans, active duty service members, National Guard members and reservists must meet the basic service requirements set forth by the Department of Veterans Affairs. Spouses of military members who died while on active duty or as a result of a service-connected disability may also be eligible.
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VA Loans-Current VA Loan Percent-Rio Linda CA. A common mistaken belief with the VA loan program is that there is a significant quantity of "red tape" involved with the procedure.