Home Loans California & Arizona

Who Does VA Home Loans in Ontario CA 909-503-5600

June 20th, 2015 3:42 PM by Nathan Rufty

VA Home Loans in Ontario CA are available for active and retired service members to buy a house with no money down for the down payment, 100% financing. 

The VA home loan program is perfect for veterans looking to purchase a home with limited funds, with zero down payment and non-allowable fees the applicant can not pay for, this is one of many benefits allotted to our service members, homeownership. 

The benefits with the VA home loan program are:
  • No money for the down payment
  • No monthly mortgage insurance regardless of the loan to value
  • One of the easiest home loans to qualify, still must meet all current underwriting guidelines with income and credit
  • Seller if elected, the seller can pay up to 4% of the purchase price towards closing cost
  • Termite is required in California but the applicant can not pay for the inspection report
  • If the Veteran is disabled by the Veteran's Affair of 20% or more, the VA funding is waived
  • If the applicant had a foreclosure or short sale 2 or more years ago, they are now eligible to apply for a purchase or refinance home loan, the shortest time among any other loan program
  • Opportunity to refinance known as the IRRRL program
  • Refinance up to 100% of the appraised value of your home and you can pull out 100% of the home's equity to payoff debt or do home improvement projects and still without mortgage insurance, need to qualify for the loan with income, credit, debt ratio
The benefit that the VA home loan program offers once in the program is, you are able to refinance into a lower rate without a termite report, no income documentation and no appraisal inspection, this is known as a IRRRL (Interest Rate Reduction Refinance Loan). So if the interest rates happen to fall lower then what your current rate is, you can refinance into a lower rate seamlessly, this is a no cash out refinance, just a streamline refinance into a lower mortgage payment.

Let's discuss your plans and goals with the VA home loan program to purchase with no money down or with a streamline refinance to lower your overall monthly mortgage payment. I have been certified by my present employer to offer, originate and fund VA home loans in the state of California.

I am Loan Officer properly licensed in the state California and predominately serving the Inland Empire with purchase and refinance VA home loans. I welcome the opportunity to serve you as you did for our country and my services come with the best customer service and communication from the moment you call or text 909-503-5600 as well as emailing me HERE. I look forward in speaking or meeting with you.   
Posted by Nathan Rufty on June 20th, 2015 3:42 PM

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