VA mortgages are an excellent way for San Diego's active-duty military and veterans to purchase a home. While zero-down loan options are available, up to $477,000 in San Diego County, the Veterans Adminsitartion will guaranty home loans up to $1,000,000 (down payment required for loan amounts over $477,000).
Really...no kidding. Like this:
Bob is a Commander in the Navy, stationed at Coronado NAS. He wanted to purchase a $900,000 beach front condominium with as little down as possible. His base pay, BAS, and BAH earn him about $10.500/month. His mortgage payment (including taxes and insurance and HOA fee) was just under $5,500. Bob had three problems which I solved for him:
CDR Bob selected me to help him and he bought that condo, with less than 20% down payment, no private mortgage insurance, at a competitive interest rate, using his VA home loan benefit...and I was able to secure a VA complex approval for him. It took about 45 days but CDR Bob, his REALTOR, and the seller were thrilled I could use my 16 years of experience to secure Bob that loan.
VA home loans are not the ONLY type of loans I fund but, as San Diego is a military town, I choose to be the best at what I do. I focus all my efforts to understanding the changes and improvments the Veterans Administration makes to the home loan program.
Call me at (858)-777-9751 to schedule a consultation. I have tons of references to give you, from E-4 all the way up to 0-7.