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VA Loans in Santa Clarita
Santa Clarita has a significant military-connected population. Many veterans settle here after service because of good schools and proximity to aerospace employers.
VA loans work well in Los Angeles County's competitive market. You can buy without a down payment and compete against conventional buyers who need 20% down.
Most Santa Clarita neighborhoods fall under conforming loan limits. That means full VA benefits apply without the complications of high-balance VA loans.
Sellers here know VA loans close reliably. The appraisal requirements cause fewer issues than most borrowers expect.
You need a Certificate of Eligibility from the VA. Most veterans with 90 consecutive days of active service during wartime or 181 days during peacetime qualify.
Credit score minimums vary by lender. Most require 620, but some VA specialists approve borrowers at 580 with compensating factors.
Income verification is standard. You'll show W-2s or tax returns like any mortgage, plus your DD-214 and COE.
The VA funding fee ranges from 1.4% to 3.6% of the loan amount. First-time users pay less, and disabled veterans often pay nothing.
Not all lenders handle VA loans well. Some banks approve them but price them poorly or add overlays that disqualify good borrowers.
We work with lenders who specialize in VA financing. They understand the underwriting nuances and close faster than generalist lenders.
VA appraisals sometimes flag repairs. Our lenders know which issues are negotiable and which require fixes before closing.
Rate shopping matters even with zero down. A quarter point difference on a $600,000 loan costs you $35,000 over 30 years.
Many veterans leave money on the table by using their retail bank. We've seen rate differences of half a point between lenders on identical borrower profiles.
The biggest mistake is assuming VA loans can't compete. Sellers often prefer them over FHA because there's no minimum down payment requirement to protect.
Use your full entitlement if you can. Some borrowers try to preserve it for a future purchase, but you can restore entitlement after selling.
The funding fee seems high upfront. But rolling it into the loan still costs less monthly than paying PMI on a conventional loan with 5% down.
VA beats FHA on cost for veterans. No monthly mortgage insurance, lower rates, and seller can pay all your closing costs.
Conventional loans need 20% down to avoid PMI. On a $650,000 Santa Clarita home, that's $130,000 you keep in your pocket with VA.
Some veterans consider conventional loans to avoid the VA appraisal. That's usually a mistake unless the home needs major repairs.
USDA loans offer zero down in rural areas, but Santa Clarita doesn't qualify. VA is your zero-down option here.
Santa Clarita's newer construction works well for VA loans. Builders here understand VA appraisals and usually build to standards that pass easily.
Canyon Country and Saugus have older housing stock. VA appraisers flag peeling paint, roof condition, and foundation issues more than conventional appraisers.
The commute to military installations isn't convenient. But many veterans work in aerospace at nearby Lockheed Martin or Northrop Grumman facilities.
Property taxes in Los Angeles County run about 1.1% annually. Veterans with disability ratings may qualify for property tax exemptions that reduce this significantly.
Yes, if the complex is VA-approved. We check approval status before you write an offer to avoid wasting time on ineligible properties.
Most do, especially on properties under $800,000. VA loans close reliably and the zero-down aspect makes your offer stronger than FHA with 3.5% down.
Most lenders want 620 minimum. Some VA specialists approve 580 scores if your income is strong and you have cash reserves.
Typically 25-35 days from application to closing. VA appraisals sometimes take longer than conventional, but good lenders build that into the timeline.
Standard VA loans require the home to be move-in ready. Major repairs need to be completed before closing or you'll need a VA renovation loan.
Veterans with 10% or higher disability ratings are exempt. That waiver saves $8,400 on a $600,000 purchase for first-time VA loan users.
Mortgage financing for independent contractors and freelancers who earn 1099 income instead of traditional W-2 wages.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.