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An overview of the California VA Loan process

An overview of the California VA Loan process

We would like to give our Veterans an overview of what to expect when it comes to California VA Loans. 

The process for purchasing a home with a VA Mortgage in California is nearly the same as refinancing with a new VA Loan.  Our goal here is to provide a basic understanding of the VA Loan Process for our Veterans and Active Duty Personnel to make the process a bit easier.

If you are purchasing a home, the first step is the loan Pre-Approval.  A VA refinance loan doesn't require pre-approval.   Here are the most common tasks for a VA Loan Process:

  • A VA appraisal must be ordered on all Purchase loans and some Refinances.
  • Title insurance is ordered and issued.
  • The Veteran will need to shop for Homeowners Insurance (or Hazard insurance) and the new policy must meet the requirements of the new loan
  • For refinances, payoffs of mortgages and any debts being consolidated must be ordered and received.
  • For purchases and some refinances we will need complete tax returns, W-2 forms, and other employment information.  It must be complete and verified.
  • Any assets that are being used for loan approval, such as down payment funds, the sources of the assets must be gathered and verified.
  • Our VA underwriters must review and assess the validity of all documentation and information gathered during the VA loan process.
  • After the VA underwriter has reviewed a file for approval, one of the last steps, then our VA loan processor and your VA loan officer will work together to clear up any final conditions or steps the underwriter is asking for more information or updates on.
  • The loan is approved for closing once all underwriting conditions have been cleared by the VA underwriter.
  • Final Loan documents can signed by the veteran in his or her own home or at the Escrow company office and await loan funding.

This is a not an all encompassing list of each step that you may expect in the process, it will provide a pretty good idea of the steps involved in the process for a washington VA Loan.

Click here to find the VA Loan limit for your California County.  VA Loans are available up to $1,000,000 in many SF Bay Area counties.  We also offer VA Jumbo Loans up to $1.5M in California, with the appropriate amount of downpayment or equity.   Here is a quick guide to how that works VA Jumbo Loans.

Call the VA Loan Pros at VanDyk Mortgage to get started.  We serve the entire state of Calfiornia, including Los Angeles, San Diego, San Jose, San Francisco, Monterrey, Ventura, Oxnard, Riverside, San Bernardino, Vistorville, Easy Bay, Bay Area, Oakland, Richmond, Pittsburg, Sacramento, Stockton, Bakersfield, Orange County, Oceanside, Chula Vista, National City, Escondido, and everything in between!

 

VanDyk Mortgage is able to offer competitive VA & VA Jumbo rates because we are a VA direct lender.

California,Southern California, Bakersifield, Bonita, CarlsbadChula VistaCorona, Costa Mesa, EncinitasEscondido, Fresno, Glendale, Huntington Beach, Irvine, Lake Elsinore, Long Beach, Los AngelesMenifee, Monterey, MurrietaNational CityOaklandOceanside, Palm Springs, Palmdale, PowayRiverside, Sacramento, San Bernardino, San DiegoSan FranciscoSan JoseSan Marcos, San Mateo, San Dimas, Santa Barbara, Santa Monica, Temecula, Tulare, Ventura, Visalia, VistaWildomar.  VanDyk Mortgage offers FHA, VA, & Conventional loans in addition to FHA Jumbo, VA Jumbo, and Conforming Jumbo loans (aka FHA High Balance, VA High Balance, and Conforming High Balance).

 

 

Licensing Disclosures    Privacy Policy  Product Disclaimers/Disclosures

California Residential Mortgage Lender registered by the Department of Corporations

VanDyk Mortgage is a private company specializing in FHA & VA financing,  VanDyk Mortgage Corp is not a government agency. 799 Avenida Codorniz, San Marcos, CA 92069  760-752-4480

NMLS ID:  3035 - VanDyk Mortgage Corp   NMLS ID  220268   Brian Skaar - Loan Originator

NMLS Consumer Access Site

Fast Forward Approval - the Smartest Way to get Pre-Approved

 

 

 

Government Loan Pros- VA FHA USDA FHA Jumbo VA Jumbo 203K

 

We proudly offer a full array of Government Conventional, and Jumbo loan Options including FHAVAUSDAFHA JumboVA Jumbo, VA Refinance, Conventional, JumboVA Condo loans,   FHA 2-4 Unit LoansVA 2-4 Unit Loans, FHA 203K Rehab Loans,  5% down Conventional loans Conventional Condo's OK to 95%,  95% conventional purchase with ZERO Monthly PMI, and more.  

 

Veterans:  We are able to help Veterans with a new home purchase with a VA Loan or VA Jumbo Loan as soon as 2 years after Bankruptcy, Foreclosure, or Short Sale (even sooner if Short Sale involved no late payments).  Call Today - get back into homeownership!  

 

--> VA Loan Limits for 2016.  Learn More - Up to $625,500 with zero money down VA Jumbo Loan 

 

--> VA Loans over the County VA Loan Limit - yes, we allow this:   Read more detail on how to get a VA Loan Over your County VA Loan Limit here  VA Loans up to $1.5M!

 

--> Answers to Common VA Loan Questions - VA FAQ Series

We serve the entire state of California  including: Anaheim,  Antioch,  Bakersfield, Brentwood, Burbank,  Carlsbad,   Chula VistaCorona,  Coronado, Downtown San Diego, EncinitasEscondido, Fallbrook,  Fremont,  FresnoHermosa Beach, Huntington BeachIrvineLong BeachLos Angeles, Marina Del Rey,   Menifee, Monterey, MurrietaOakland, Oakley,  Oceanside,  Ontario,  Pasadena ,  Poway,   Rancho Cucamonga,  Redlands,   Riverside,   Sacramento,        San BernardinoSan DiegoSan FranciscoSan JoseSan MarcosSan MateoSanta Ana,  Santa Clarita,   Santa MonicaTemecula, Torrance, Ventura, Vista, and all other CA Cities and areas.

 

We now serve the entire state of Virginia including Virginia Beach, Norfolk, Chesapeake, Richmond, Newport News, Alexandria, Hampton, Roanoke, Portsmouth, Suffolk, and all other Virginia Cities, Towns and Counties. 

 

We also serve the entire state of  Washington including:  Auburn, Bellevue, Bellingham, Bonney Lake, Bothell, Bremerton, Des Moines, Edmonds, Everett, Federal Way, Ferndale, Issaquah, Kent, Kirkland, Lacey, Lake Stevens, Lynnwood, Mercer Island,  Mill Creek, Monroe,  Montlake Terrace, Mt Vernon, Mukilteo, Olympia, Puyallup, Redmond, Renton, Seatac, Seattle, Silver Lake, Snohomish, Spokane, Sumner, Tacoma, Tumwater, Vancouver, Wenatchee, Woodinville, Yakima and all other WA cities and towns. 

 

We also serve Colorado, GeorgiaMassachusetts, Michigan, Mississippi,  Indiana, Tennessee, Texas, and Wyoming Homebuyers and Homeowners.  

 

VA Loan Limits 2016     FHA Loan Limits 2016     Conforming Loan Limits 2016

All information is subject to change without notice.

Licensing   Fair Lending    Privacy Policy    Complaints    

State of NY Disclosure    TX Disclosure    General Disclosure

 

Residentional Mortgage Lender registered by the VA Department of Business Oversight

Georgia Residential Mortgage Licensee #39449

VanDyk Mortgage is a private company specializing in FHA & VA financing,  VanDyk Mortgage Corp is not a government agency. Corp 2449 Camelot Ct SE, Grand Rapids, MI 49546 

 

Branch address  310 Via Vera Cruz, ste 210 & 211, San Marcos, CA  92078  760-752-4480 direct

NMLS ID:  3035 - VanDyk Mortgage Corp   NMLS ID  220268  

Brian Skaar - Loan Originator / Branch Manager   

 

NY Disclosure:  Website authorization has not been approved by teh New York State Department of Financial Services.   Until this website is authorized, no mortgage loan applications for properties located in New York will be accepted through this site. 

 

Fast Forward Approval - the Smartest Way to get Pre-Approved

 

 

 

 

 

 

 


 

 

Comment balloon 0 commentsBrian Skaar • July 25 2010 08:47PM
An overview of the California VA Loan process
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