VA loans

If you have served, this is almost always the best deal on the table.

No down payment, no monthly mortgage insurance, and rates that usually undercut conventional. It is the strongest loan program in the country and it is underused.

See if I qualifyTalk to JR
$0 downOn the great majority of files
No monthly MINot reduced. Absent.
ReusableEntitlement can be restored

VA loans

Who is eligible

Veterans, active duty service members, National Guard and Reserve members with qualifying service, and many surviving spouses. Eligibility is established with a Certificate of Eligibility, which we can usually pull in minutes rather than weeks.

The mistake we see most often is a veteran being moved onto a conventional loan because it is what the loan officer knows. That decision costs a down payment and a monthly mortgage insurance premium that never needed to be paid.

  • Veterans meeting the service requirement
  • Active duty service members
  • Guard and Reserve with qualifying service
  • Many surviving spouses
  • Anyone who used VA before and has entitlement to restore

What is assessed

What a lender is actually looking at.

None of this is a secret, and knowing it early is the difference between a smooth file and a scramble two weeks before closing.

Certificate of EligibilityThe document that establishes entitlement. We pull it for you; you do not need to have it in hand before you start.
The funding feeA one-off fee, usually financed into the loan, that replaces mortgage insurance. It is waived entirely for veterans with a service connected disability rating.
OccupancyIt has to be a home you live in. VA is not for investment property, though a multi-unit you live in can work.
Residual incomeVA underwrites on money left over after obligations, not only on ratios. It is a more humane test and it passes files other programs fail.

Three minutes

Find out where you stand on this program.

The qualifier asks five questions and comes back with the programs you fit and an estimated monthly payment. It does not run a credit check to do it.

  • No credit check to get an answer
  • An estimated payment before anyone calls you
  • Routed to a named loan officer, not a queue

See what you qualify for

Free

Questions

The ones people actually ask.

Can I use a VA loan more than once?
Yes. Entitlement is restored when the previous VA loan is paid off, and in some cases you can have two at once. This is one of the most misunderstood parts of the program.
Is the funding fee avoidable?
It is waived for veterans receiving compensation for a service connected disability, and for some surviving spouses. Otherwise it is financed into the loan rather than paid at closing.
Do sellers dislike VA offers?
That reputation is out of date and mostly comes from appraisal timelines that have since improved. A well prepared VA offer from a broker who works them regularly is as strong as any other.
Is there a VA loan limit?
For veterans with full entitlement, no. Above the conforming limit the underwriting gets more careful, but the zero down structure can still hold.

Who handles va loans

JR Ramirez

Mortgage Broker · NMLS #2374415

Six years as a federal bank regulator and a stint as a community bank Chief Risk Officer. JR reads your file the way the underwriter is going to read it.

Read the full profile (714) 469-9577

Other programs

Compare it against the alternatives.

Most borrowers fit more than one program. Which one is best depends on how long you will hold the loan, not only on what you qualify for today.

Buying a homePurchase loans RefinancingLower it or shorten it ConventionalFrom 3% down FHA3.5% down, 580+ VANo down payment USDAZero down, eligible areas JumboAbove the limit Bank statementSelf employed InvestorDSCR and short sales CommercialFive units and up

Get a straight answer before you commit to anything.

Three minutes, no credit check, no obligation, and a named loan officer on the other end of it.

See what I qualify for Or call (714) 469-9577

August Mortgage Group, NMLS #2642110. Equal Housing Lender. This is not a commitment to lend. All loans subject to credit approval and property appraisal.