Texas, Florida, Colorado, North Carolina, & California (PRWEB) April 10, 2012
Security America Mortgage, Inc. now make the difference for Veterans and Military personnel purchasing homes in California by providing low rates on VA home loans and finance options up to $1,000,000. Just think about how awesome it would be to close on a home using a California VA Home Loan or Refinance option that adds up to an even higher amount of $1,094,625.00 using a Jumbo VA Home Loan. Well, today may very well be a lucky day for Veterans who choose to finance a mortgage in California, expecially when these high-end VA loan amounts are already pre-guaranteed and insured by the Department of Veteran Affairs.
Security this strong that supports military members in achieving VA home loans is a promise that all eligible Veterans are entitled to, per the Government's VA Home Loan benefits. All Veterans are required to do is submit a Certificate of Eligibility to NMLS lenders like Security America Mortgage, Inc. and in no time at all, a dream home is financed for a hero in need. - and at a low interest rate too. It is the military servicemembers who take the first step of pre-qualifying that get the benefit of knowing first hand why VA home loans are such a great perk of being affiliated with the military. Even Spouses of currently active duty military members as well as those who were married to deceased military members can qualify under certain circumstances for a VA home loan. For single parents and parents with a husband overseas, getting approved for California VA home loan is a reality for many.
So what is the big hesitation to buying a home now? The economy may frighten potential homeowners away from trying to purchase a home, but experts like Ryan Ward, a Real Estate Broker from Security American Realty, Inc. in Texas, says now is a better time due to the lower mortgages on much larger homes. There is a rumor that trends that buying now is a sure way to expect profit in the long run, as the economy will only get better going forward. It is only those members who take the first step of financing their VA home loan entitlement who will get to see the advantages of purchasing Real Estate now played out in the long run. Seeing if you qualify can be obtained with ease, but taking the first step is one of the reasons many people miss their opportunity. Luckily, for Veterans who are eligible, fear is not an option - it's a challenge worth taking.
Since taking the first step of the VA Home Loan Process is the main reason so many veterans hault in the beginning of finding a home, Security America Mortgage's VA home loan experts mapped out the initial steps toward receiving the VA benefits Veterans so rightly deserve, along with a simplified plan to make it happen fast. The main reason VA home loans are so great to obtain in sunny California is because the VA Loan Limits have a maximum amount that allows lenders to finance with VA backed money that is much higher than regular VA home loan limitations of the Home Loans. In California, the VA Loan Limit can be anywhere from $462,500 all the way up to $1,094,625 in some counties located in California.
There are also only seven (7) steps in the VA Loan Process in California. This is another huge reason why veteran home buyers turn to the VA Home Loan Process and why it is so popular compared to financing a home using an FHA Home Loan. Since Jumbo VA Loans are so similar to the approval process of a VA Home Loan, below simply lists the summaried version of "The Seven (7) Easy Steps of the VA Home Loan Process" for review:
-Step 1. Home Buyer Locates the Real Estate Property of their Dreams.
-Step 2. Home Buyer Applies with a Lender's Application Form, Beginning the VA Home Loan Process.
-Step 3. Home Buyer Requests the Required VA Forms to the VA Loan Experts for Review:
-DD214 VA Request Form (Discharge/Separation Papers Showing the Last Period of Service).
-Certificate of Eligibility Request Form- COE (Document Showing Entitlement Info according to the VA).
-Step 4. Property is Inspected and Appraised by an Approved VA Inspector/Appraiser.
-Step 5. Calculations of VA Home Loan & Estimates of the Property's Reasonable Appraised Value is Determined by the Lender - VA Home Loan Froms and Application are sent to the VA for review.
-Step 6. VA Reviews the Application Forms Submitted by the Home Buyer and VA Home Loan Expert.
-Step 7. The Home Value Amount vs. Calculations of Home Buyer's Eligibility is Assessed and Determined by the VA. If Application is approved, the Home Buyer gets the VA Home Loan!
Also to keep in mind - since the interest rates can change on a daily basis (and sometimes even a couple times during the one day), it’s important to shop wise and close fast when you are ready to purchase a home with a VA Jumbo Loan. The interest rates are also based on 30 year mortgages as well as other industry calculated standards. Factors such as your credit, down payment, employment income status, the loan program you decide to choose, and many other things can also affect your interest rate, causing the cost of the monthly payment to fluctuate. The most important thing you can do for your family is to make the wisest choice by taking advantage of the VA Jumbo Loans available to you.
Get Pre-qualified to Buy a Home with a VA Home Loan in California by filling out the VA Eligibility Request Form or by contacting VA Home Loan Expert for Help Today!