VA Mortgage Loans
VA Loans in San Diego
VA loans are a special mortgage category for eligible military members and veterans. They’re guaranteed by the United States Department of Veterans Affairs (VA), with the aim to help servicepeople and their families into their own homes – no down payment necessary.
San Diego VA Loans 101
- 01. Who It's For
- 02. Benefits
- 03. Eligibility
Is a VA Loan Right for Me?
A VA loan might be right for you if you’re an active military member, veteran, reservist, or surviving spouse and you’re looking to purchase property with a small or non-existent down payment.
Benefits of a VA Loan in San Diego
No Down Payment
A VA loan from UW Funding doesn’t require any deposit: you can borrow 100% of the purchase price.
No Mortgage Insurance
Unlike other low-down-payment options, VA loans don’t require mortgage insurance no matter the size of your deposit.
Purchase Or Refinance
VA loans can be used to purchase property in the first instance or to refinance an existing loan.
Quick Home Ownership
Without having to save a deposit or afford mortgage insurance, a VA loan can get you into a home quicker.
VA Loan Eligibility Requirements
- Qualifying military member or veteran
- Satisfactory credit
- Sufficient income
- Resident in purchased property
VA Loan FAQs
Is the surviving spouse of a deceased veteran eligible for the home loan benefit?
The unmarried surviving spouse of a veteran who died on active duty or as the result of a service-connected disability is eligible for the home loan benefit.
How can I obtain proof of military service?
Standard Form 180, Request Pertaining to Military Records, is used to apply for proof of military service, regardless of whether you served on regular active duty or in the selected reserves.
Are the children of a veteran eligible for the home loan benefit?
No, the children of an eligible veteran are not eligible for the home loan benefit.
What Our Clients Say
Craig was instrumental in me and my wife buying our first home together. He was able to get us a great rate, even with my low [credit] score, and we were able to move into our new home. We are very pleased with the service and professionalism Craig provided us and will continue to work with him for all of our housing finances in the future.
We highly recommend UW Funding. We are on our second home purchase with Craig. You lose sleep buying your first home and it’s comforting to know you have the right lender looking out for your best interests. Two years later, we are on our second home and, just like the first, best rate, no fees and thousands of dollars saved!
We are so glad we trusted Craig with our refinance. We were able to take cash out with absolutely no fees! In hindsight, we wished we would have used him for our purchase. Sure enough, we had a straightforward closing with no surprises and we are truly grateful for our friends referring Craig to us.
Begin Your Home Loan Journey Today
Ready to get started? Get a quick quote or contact Craig to ask questions and discuss your options.