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VA Loan Rates in Huntington Beach, CA

By on December 11, 2015 in Rates

Are you looking to buy a new home or refinance your current VA loan in Huntington Beach and serve in the military, are a military veteran or the surviving spouse of a military vet? If so, a VA loan or VA refinance may be right for you. Speak with a qualified VA loan lender in Huntington Beach, CA and see if you eligible to take advantage of this home loan option.

Today’s VA Loan Rates in Huntington Beach, CA

Benefits of a VA Loan

There are many benefits to VA home loans. Here are some of the benefits you could receive when obtaining a VA loan from an approved mortgage lender in Huntington Beach.

  • No down payment: You can usually obtain 100% financing as long as the loan amount is less than or equal to the reasonable value of property and your counties loan limit. Find the current VA loan limits in Huntington Beach.
  • VA Funding Fees: You have the ability to finance the VA funding fee. Funding fees range from 0 to 3.15%. (Disabled veterans may even qualify for reduced fees.)
  • Closing Costs: Closing costs on a VA loan are comparable to those of a conventional loan and in many cases lower.
  • Mortgage Insurance: There is no PMI on a VA loan.
  • Larger Loan Amounts: The VA will insure a mortgage loan where the monthly payment to up to 41% of the gross monthly income vs. a conventional loan of 28% assuming the veteran has no monthly bills.
  • Prepayment: You may want to pay down the mortgage on your Huntington Beach home. With a VA loan there is no prepayment penalty.
  • Assumable Mortgage: VA loans are assumable mortgages.

7 Steps to Getting a VA Loan

  • Locate a new or existing home in Huntington Beach that fits your household needs.
  • Compare current loan programs from multiple VA approved Huntington Beach mortgage lenders.
  • Apply for a VA loan with one of those lenders in Huntington Beach.
  • You will need to present to your lender a Certificate of Eligibility or your separation or discharge papers related to your latest period of service.
  • An approved appraiser will appraise the home.
  • The reasonable value of your proposed home will be estimated to make sure the offer on the property is equal to or lower than the actual value of the house.
  • If your application is approved you will get the VA loan and be on your way to home ownership.

Finding a great rate on a VA loan in Huntington Beach, CA is easier than ever. Using a free no obligation service that will give you instant access to a network of VA approved lenders who are eager to earn your business. When looking for a new loan it only makes sense to take advantage of the benefits your military service has given you. Take the first step to finding a low cost, no down payment VA loan in Huntington Beach, CA today!

Local VA Loan Lenders in Huntington Beach, CA

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About the Author

About the Author: Husband, father, tech junkie and sports enthusiast. I have owned and operated ezratequotes.com as well as a number of others sites since 2005. .

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