VA Loans

A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Craft Home Loans is a VA approved lender located in La Mesa and serving surrounding areas including El Cajon, Alpine CA, Mt. Helix, greater San Diego, and all of California.

What is a VA Loan?

VA loans are loans used for either purchase or refinance that are guaranteed by the U.S. Veteran’s Administration and offer long-term financing to active duty military, reservists, and veterans. The VA determines the eligibility of the veteran. VA loans typically have loosened guidelines for qualification than FHA of conventional mortgages. There is no down payment or mortgage insurance required on a VA loan.

Benefits of VA Loans

There are many benefits to VA Loans beyond just no down payment.

VA Loan Eligibility

VA Loans are available to active duty military, veterans, reservists and military spouses.

VA Loan Limits

Although there is no true loan limit for VA, if you go above the county loan limit you are required to put down a percentage of the amount over the loan limit. The nationwide loan limit is $424,100. However, different counties have different limits on how much you can borrow for a VA Loan. San Diego County has a loan limit of $612,950.

Ask a Question about a VA Loan

If you are an active duty military member, reservist, or veteran looking to purchase or refinance an existing VA loan in La Mesa, El Cajon, Alpine CA, Mt. Helix, greater San Diego or anywhere in the state of California, contact Craft Home Loans at (619) 867-0975 for more information, or simply fill out the form on this page.