VA Loans

A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Anderson American Mortgage and Real Estate Network is a VA approved lender located in El Cajon (San Diego County) and serving all of California.

What is a VA Loan?

Anderson American Mortgage and Real Estate Network (AAMREN) offers VA loans. A VA Loan is provided by the Veterans Administration and has no down payment on purchases or up to 100% financing on refinances. These loans are typically offered to members of the regular military, veterans, reservists and National Guard.

Benefits of VA Loans

An AAMREN originator will explain the many benefits to VA Loans beyond just no down payment.¬†These home loans are made through private lenders and are guaranteed by the Department of Veterans Affairs, so they do not require mortgage insurance. There’s no minimum credit score requirement and closing costs can be financed and/or covered by the seller.

VA Loan Eligibility

VA Loans are available to active duty military, veterans, reservists and military spouses.¬†Veterans of the National Guard or Reserves must have served for at least six years unless otherwise eligible. Spouses of service members who died in the line of duty, or as the result of a service related disability, may also be eligible.¬†Lenders are required to get proof of a veteran’s service during the VA loan process. The Certificate of Eligibility (COE) serves as that proof, and tells a lender that an applicant has officially met the minimum service requirement.

VA Loan Limits

Contact an AAMREN originator today and they will explain the limits based on the county you live in or want to live in, because different counties have different limits on how much you can borrow for an VA Loan. We will get you qualified and also help you find the home of your dreams. We can also help with up to 100% financing on refinances for bill consolidation or home improvement projects to create that dream home you have always wanted!

Get Pre-Approved for a VA Loan

If you are a veteran in El Cajon, or anywhere in California, contact Anderson American Mortgage and Real Estate Network at (619) 654-3995 for more information, or simply fill out the form on this page.