Home Loans California & Arizona

Who does VA home loans in San Bernardino CA

February 19th, 2020 3:41 PM by Nathan Rufty

The main purpose of the VA Home Loan Program in San Bernardino CA is to help Veterans finance the purchase of homes with favorable loan terms. For VA housing loan purposes, the term “Veteran” includes certain members of the Selected Reserve, active duty service personnel, and certain categories of spouses.



San Bernardino CA VA loans offer the following important features:

  • Ensure that all Veterans are given an equal opportunity to buy homes with VA assistance, without regard to their race, color, religion, sex, handicap, familial status, or national origin;
  • No downpayment (unless required by the lender, the purchase price is more than the reasonable value of the property as determined by VA, or the loan is made with graduated payment features);
  • A freely negotiable fixed interest rate competitive with conventional mortgage interest rates;
  • The buyer is informed of the estimated reasonable value of the property;

VA home loans can benefit you in many ways:

  • VA home loans often have lower interest rates and closing costs than conventional loans
  • You may not have to make a downpayment and mortgage insurance is not required
  • You do not have to pay a penalty if you pay off your VA home loan early

If you are eligible for a VA-guaranteed home loan, you can use the loan to:

  • Buy a home or residential condominium
  • Build a home
  • Simultaneously purchase and improve a home
  • Refinance an existing non-VA loan
  • Refinance an existing VA loan to reduce the interest rate
  • Buy a manufactured home to be permanently affixed to a lot already owned or buy a manufactured home and lot to which the home will be permanently affixed

To get qualified for your VA home loan in San Bernardino CA call Nathan Rufty at (623) 850-1210.
Posted by Nathan Rufty on February 19th, 2020 3:41 PM

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