Mortgage Products: VA Financing

John Gardella of the Gardella Team is part of our Westlake Village branch. John has been in the mortgage industry for more than two decades and has closed thousands of loans for his loyal clients. Here are some tips from him on VA loans:

VA financing is a program that’s near and dear to my heart. My brother is a veteran and so are many family members of Skyline employees, so I feel really strongly about a program that helps vets buy homes as a way to say, “thank you for serving our country.”

The Veterans Administration (VA) has a number of benefit programs to help veterans and their families, including the VA home loan program. The Gardella Team takes our responsibility to help vets finance their homes seriously. I have to say, we do a terrific job with VA loan programs.

With a VA home loan, eligible individuals can get a mortgage for a home at a competitive interest rate and with little or no down payment. Because it’s Military Appreciation Month, I thought that it would be a perfect time to give you a quick refresher of VA home loans and VA loan requirements:

  • You must have a minimum credit score of 600
  • You don’t need a down payment; you can finance 100% of your home and you won’t pay private mortgage insurance (PMI)
  • The maximum loan amount in LA County is $625,500 and $603,750 in Ventura County
  • VA jumbo loans of up to $1 million are available, but they do require a down payment

VA home loans are a great way for veterans to buy homes, and we can help you make the process quick and easy, whether you’ve used your VA certificate of eligibility or not.

So if you’re a vet and you’re ready to buy a home, give me a call at (805) 405-4299 or shoot me an email. If you want to learn more about VA mortgages, check out my free VA eBook!

And from the bottom of my heart, I want to say thank you to everyone who has served our country. Our team is truly grateful.