VA Home Loans Temecula

VA Home Loans Temecula

VA-Loan-PhotoBuying a home is one of the biggest decisions a person will make in their lifetime.  At ACC Temecula Home Loans, we understand that and do everything we can to make the process as painless as possible.  Whether you are a first time home buyer or a pro, we are committed to providing you with a positive experience when purchasing or refinancing your home.

About VA Loans

Since the early 1940’s, the VA (Veteran Administration) has guaranteed more than 18 million home loans worth over $900 billion.  The VA services veterans, active duty service members, and survivors of veterans every year with hundreds of thousands of government backed loans.  About 90% of the VA loans closed in 2008 required no down payment.

ACC Temecula Home Loans is proud to offer VA Loans in Temecula and throughout Southern California for qualifying veterans and survivors of veterans.  This program offers these individuals with qualifying income and credit scores to purchase an owner occupied home with no money down as long as the sale price does not exceed the appraised value of the home. Some closing costs may be needed as earnest money or can be paid by the seller with effective negotiations.

2017 VA Loan Limits

Am I eligible for a VA loan?

VA Guidelines

  • Purchase LTV (Loan to Value):  100%
  • MI (Mortgage Insurance):  None
  • Gifts Allowed:  Yes
  • Gift of Reserves:  No
  • Non-occupying Co-Borrower allowed:  No
  • Streamlines:  Yes
  • DTI:  Max 55%
  • Funding fee: Varies, based on military status
  • Down Payment: Only on VA Jumbo
  • Residual income requirements:  Yes

VA Renovations

The VA Renovation Program is designed to help the men and women who serve our country repair or upgrade their home with the low rates VA lending programs offer. This program allows for minor renovation costs to be included in the loan amount of a house for purchase, or for repairs being done to an existing home with equity.

Learn more about VA renovations

If you are looking for VA Home Loans in Temecula, Murrieta, or anywhere in California, Idaho, or Washington, contact us today! 951.225.6900

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