Call Now!
310-478-5005

Top Bar Nav

  • ABOUT
    • Why Choose Us
  • LOS ANGELES
    • Mortgage Broker
    • Mortgage Rates
    • First Time Home Buyer
    • Mortgage Company
  • CONTACT
    • Apply Now
  • BLOG
  • (310) 478-5005
  • Chat

Hard Money Lender 310-478-5005 | Mortgage Broker Los Angeles CA

Phone

(310) 478-5005

Menu

  • Borrowers
    • Prime
      • Conventional
      • VA
      • FHA
      • Reverse Mortgage
      • Jumbo
    • Non-Prime
      • Hard Money Loans
      • Stated Income Loans
      • Bridge Loans
      • Bad Credit Loans
    • Commercial
    • Resources
      • Monthly Mortgage Payment Calculator
      • Required Documents
      • Credit Scores
  • Brokers
  • Investors
    • Trust Deeds
  • Realtors
Hard money lender los angeles
  • Home
  • Borrowers
    • Prime
      • Conventional
      • VA
      • FHA
      • Reverse Mortgage
      • Jumbo
    • Non Prime
      • Hard Money Loans
      • Stated Income Loans
      • Bridge Loans
      • Bad Credit Loans
    • Commercial
    • Resources
      • Month Mortage Payment Calculator
      • Required Documents
      • Credit Scores
  • Brokers
  • Investors
  • Realtors
  • About
    • Why Choose Us
  • Los Angeles
    • Mortgage Broker
    • Mortgage Rates
    • First Time Home Buyer
    • Mortgage Company
  • Contact Us
    • Apply Now
  • Blog

(310) 478-5005

Los Angeles VA Loans

va loans los angeles ca

Imagine moving into your L.A. dream home with zero down payment. If you are a veteran, service member, or qualifying spouse, you may be able to do just that with a government-backed VA loan. This is a wonderful opportunity which many service members and veterans in our area do not even realize is open to them.

What is a streamline financing for VA loans?

The VA has created an Interest Rate Reduction Loan program called the Streamline Refinance. This provides a way for current VA homeowners to lower their interest rate with little or no out-of-pocket costs. These loans can also be made faster and with less documentation than a typical loan. This is only available to veterans who are refinancing their original VA mortgage and utilized their original eligibility. “No Cost” Streamlines

Basics of VA streamline finance:

  • No assumptions are allowed.
  • The veteran cannot receive any cash back.
  • VA does not require an appraisal, any income or employment verifications, no credit report and no termite report, yet the mortgage must have been paid as agreed for the last twelve (12) months and must be up to date at the time of refinancing.
  • Any other liens must be subordinated to the VA loan.
  • This loan can be done with “no out of pocket money” by including all costs in the new loan or by making the new loan at an interest rate high enough to enable the lender to pay the costs.

VA Loan Los Angeles, CA Benefits

If you qualify for a Los Angeles VA loan, you can look forward to the following outstanding benefits:

  • Zero down payment.
  • Low interest rates, even if you do not have a perfect credit rating.
  • No requirement to purchase private mortgage insurance.
  • No penalties for paying your loan off early.
  • The Funding Fee may be waived if you are a disabled veteran.
  • The seller may be willing to pay the closing costs.
  • If you fall behind with payments at some future date, the VA might lend a hand.

VA loans are available for purchasing a home, but they are also available for refinancing through the interest rate reduction refinance loan (IRRRL) program. You can use an IRRRL program either to reduce your interest rate or to extract some of your home’s equity in the form of cash. IRRRL is fast and easy, cutting through a lot of the red tape common with other refinancing loans.

VA upgrade loans are available too, if for example you want to make your home more energy efficient.

Could You Be Eligible for a VA Loan in Los Angeles?

Unlike with an FHA loan, you do not need to be a first time homebuyer to purchase a home with a VA loan in L.A.

In order to qualify, you must either be a veteran, active duty service member, or a member of the Reserve or National Guard. You also need to meet a minimum active duty service requirement. This requirement varies, but it is typically around 90 days. If you are a surviving spouse of one of our nation’s veterans, you may also be eligible for a VA loan in Los Angeles.

The only other stipulation is that the home you are purchasing, building, or upgrading needs to fit within the eligibility requirements. It can be a house, a condominium, or a manufactured home or home lot.

Pacshores Can Help You Apply for a VA Loan in Los Angeles Today

Ready to find out whether you qualify for a VA loan in Los Angeles with zero down payment? Give us a call today and we can help you figure out whether your service record qualifies you..

310-478-5005

Do you have questions?

Call us today (310) 478-5005 or fill in form below and we will get back to you as soon as possible.

When you click “Submit” you give your consent to our privacy policy and acknowledge that we may contact you via sms to discuss loan options. However, your consent is not a requirement for receiving our services, and you may withdraw it at any time.

Client Testimonials

Thanks PacShores for coming through for me in the nick of time. After our Parents passed away and left the small apartment units that I was living in to me and my two siblings, they needed to get out their portion of the inheritance and were determined to force me to sell the units. I needed to keep the property for my family and avoid selling in such a down Market. My Income was low and the Banks refused to accepts the Rental Income from the other Tenants and to approve my loan. It wasn’t a problem when I contacted PacShores, they funded my loan in no time, paid off my siblings, hassle free, and I am very glad I found them.

Tony – Orange, California

 

I took over some Apartments that my Dad owned and had been renting out over the years. Some of the tenants had been there for 10 years and more, the Properties have gotten in disrepair, and the County had also filed substandard violation Liens on the Properties. All the Lenders that I had applied to for a Cash-Out Loan, turn down my application due to the condition of the Properties. With the help of the Loan Officers at PacShores, we were able to customize a loan for me that set aside funds to complete the needed repairs, and clear up all the Substandard Notices and Liens on the Properties, and the extra cash that I needed.

Tracy – Los Angeles, California

 

Hi, I am Real Estate Broker, and Short Sale specialist, and I had very well qualified Buyer with almost 50% cash down payment, under contract on a highly discounted Investment Property purchase. After 3 weeks of getting the runaround with their Bank including my regular Lenders that I normally use, I was convinced they would lose out on this great deal. Luckily an associate referred me to PacShores Mortgage, and within 24 hours they drove buy the property, and had Closing Documents in Escrow by the third day and funded the loan right after. They saved this deal for us. I couldn’t thank them enough and would use and recommend them to all my associates in the future.

Javier – West Covina

 

Hello, our Credit Scores had become so low after we went through a Loan Modification process and Short Sale on our previous house. Thereafter, we couldn’t find a Bank willing to consider us for a new Home Loan, even though we had substantial funds for a Down Payment. The folks at PacShores Mortgage were very understanding and glad to review and approve our loan application. Thanks to them, we are proud owners of a new, more affordable four Bedroom house again.

Susan – Fresno, California

 

My wife and I own a successful and profitable Business, and also own a number of Rental Units. Due to the Freeze in Bank Lending we decided to refinance one of the Rental Units we own outright, to access the credit we need to efficiently run our Business. Unfortunately due to the write-offs we show on our Tax Forms, the Banks we contacted were misreading our Income and cash flow and declined to approve our loan application. Our experience was different at PacShores, the easily identified our true Income and approved our loan promptly, and we didn’t even need to provide them any Tax Returns.

Cindy – San Diego, California

 

pacshores mortgage
  • About
  • Borrowers
  • Brokers
  • Investors
  • Realtors
  • Los Angeles
  • Contact
  • Blog

Prime

  • Conventional
  • VA
  • FHA
  • Reverse
  • Jumbo

Non-Prime

  • Hard Money Loans
  • Stated Income Loans
  • Bridge Loans
  • Damaged Credit Loans

Commercial

  • Resources
  • Monthly Mortgage Payment Calculator
  • Required Documents
  • Credit Scores

Los Angeles

  • Mortgage Broker
  • Mortgage Rates
  • First Time Homebuyer
  • Mortgage Company
  • Careers

11400 W Olympic Blvd #830

Los Angeles, CA 90064

(310) 478-5005

info@pacshoresmortgage.com

NMLS: 366402
BRE: 00956342

Find Us On Google Maps

    
© Copyright 2017. All rights reserved. PacShores Mortgage Inc. Privacy policy | Terms & Conditions
Website powered by: Mortgage Broker Marketing