VA Home Loan Program Explained On

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The California mortgage company, which recently added VA loan processing to their services, now offers a helpful VA loan program guide on their company website.

Blue Loan Services

Blue Loan Services

Blue Loan Services is a full service mortgage company that has been helping residents of California to find the best loan products and home loan rates for many years. The company, headed by the father and son team Robert and Brandon Blue, has been dedicated to serving its customers with honesty, integrity and competence. The Blue Loan Services team of mortgage professionals operates with the goal to provide home loans to its clients while providing them with the lowest wholesale interest rates and closing costs possible. The company’s recent addition of lenders specializing in VA loans now enables Blue Loan Services to provide these very beneficial loans to those who have served, or still serve, in the United States armed forces. The company’s website,, now also offers a helpful guide that explains the VA home loan program and its benefits for veterans and their families.

The website says: “The VA Loan began in 1944 through the original Servicemen’s Readjustment Act, also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed to provide housing and assistance for veterans and their families, and the dream of home ownership became a reality for millions of veterans. VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home, which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fails to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment allowing you to obtain favorable financing terms.”

This type of loan is available for all those who meet the eligibility requirements. These requirements are also explained by the company. The website lists the eligibility guidelines for Wartime/Conflict Veterans, Reserves and National Guard, peacetime service, as well as other types of service that may make someone eligible for a VA loan. The website also specifies what type of residence can be purchased using a VA loan. It says:

“A VA home loan must be used to finance your personal residence within the United States or its territories, but you have many choices regarding the type of home you purchase.

  •     Existing single family home.
  •     Townhouse or condo in a VA-approved project.
  •     New construction residence.
  •     A manufactured home and/or lot.
  •     Home refinances. Certain types of home improvements.”

The website then explains how to apply for a VA loan, what to do when the borrower wants to apply for another VA loan, and goes over some of the potential negatives of these types of loans. Finally, Blue Loan Services lists the benefits of VA loans which make this loan option such an attractive option for those who can qualify for them. These benefits are:

  •     100% financing, no down payment loans are common.
  •     No Private Mortgage Insurance (PMI).
  •     No penalties if you prepay the loan.
  •     Competitive interest rates.
  •     Loan qualification is sometimes easier than if you were applying for a conventional loan.
  •     Sellers can pay all closing costs.

For more information on how Blue Loan Services can help California home loan borrowers get approved for their VA home purchase loan or refinance quickly, please visit or call 1-888-929-BLUE (2583) to speak with an experienced mortgage professional.

CA Dept of Real Estate -- Licensed Broker #01094374 NMLS #938365

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Brandon Blue
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