California VA Loan

The RTC Mortgage California VA Loan is available for veterans looking to refinance or purchase their home.

There are several reasons why a VA Loan may be preferable to a standard loan. Most importantly, upon qualification, you may obtain a VA Loan even if you do not qualify for other types of loans.

For a no doc refinance option, see VA Streamline refinance.

California VA Loan

VA Loan Benefits

  • 0% down
  • No monthly mortgage insurance (PMI)
  • Discounted interest rates
  • No cash due at closing possible
  • Flexible underwriting
  • Great for first time home buyers

California VA Jumbo Loan

VA is not just for the First-time home buyer. Are you shopping for a California Jumbo loan and a veteran of the U.S. Armed forces?

California VA Jumbo Loan Features:

  • VA Jumbo loans up to $1,000,000
  • No monthly mortgage insurance (PMI)
  • Discounted interest rates
  • Flexible underwriting

VA Jumbo Loan Down Payment Options:

The VA jumbo loans offer low down payment options. These loans require 25% down for any amount over the conforming loan limit.

The following is a sampling of California conforming loan limits*:

Orange County $726,525
Los Angeles County $726,525
San Diego County $690,000
Riverside County $484,350

* For a complete list of California conforming loan limits by county, click here.

How to calculate the minimum down for your California Jumbo loan:

Calculation Example: Orange County $1,000,000 purchase

Subtract the purchase price from the applicable state conforming loan limit: Orange County $726,525

$1,000,000 – $726,525 = $273,475

$273,475 x 25% = $68,368.75

The minimum down for an Orange County $1,000,000 purchase financed with VA jumbo loan is $68,368.75.

COMING SOON! VA Renovation Loan

The new VA Renovation Loan allows veterans to finance 100% of both a home purchase and up to $35,000 of renovations of that home simultaneously.

The home must be complete with a Certificate of Occupancy and repairs are limited to cosmetic updates & improvements and mechanical repairs. No structural repairs are allowed. All repairs must be completed within 90 days of loan closing.