You've probably heard of VA loans for veterans looking to buy a home, but we can actually help you get an even better product through the California Veterans Administration. Buying a home? Click here to perform a full home search Selling a home? Click here for a FREE Home Price Evaluation We have an excellent contact at the California Veterans Administration and today, I wanted to tell you about a great loan product they can set you up with if you're a veteran looking to buy a home. There are some subtle differences between a normal VA loan and a California Veterans loan. Most brokers in town can issue a normal VA loan; they're just insured and guaranteed by the federal Veterans Administration. The cool thing with the California Veterans loan is that it's actually California bond money financing the loan. Nobody will sell the loan and it won't be serviced by some other company. In fact, it will be serviced right here in Sacramento at the California Veterans Administration, which we call Cal Vet for short. When my dad became disabled, they actually continued to make the payments on my folks' property. It's definitely a good product that I'm personally familiar with because my folks had one many many years ago. When my dad became disabled, they actually continued to make the payments on my folks' property. With a normal VA loan, the rates can actually adjust two or three times a day. Until you're under contract and locked in, the interest rate can go higher or lower frequently. You also have to worry about time frames. If you're looking to buy a new home that's under construction, there might be four to six months of construction. With a VA loan, your contract is locked, so you don't have to worry about your interest rate rising during that construction period. Another advantage comes with the homeowners insurance aspect. With a VA loan, your structure insurance is actually covered in your loan. All you'd need is a renter's policy to cover your contents, which saves you more money off your monthly expenses. If you'd like to learn more about these loans, I'd be happy to get you in contact with my contact at Cal Vet. Just give me a call or send me an email and we can get that conversation started for you.

Rocklin Real Estate Podcast with Dave Silva

[email protected] (Dave Silva)

A Different Mortgage Option for California Veterans

MAR 31, 2017-1 MIN
Rocklin Real Estate Podcast with Dave Silva

A Different Mortgage Option for California Veterans

MAR 31, 2017-1 MIN

Description

<div style="text-align: center;"> <iframe allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/KxNHUuNDAkk?rel=0" width="560"></iframe> <!--end--> </div> <div style="text-align: center;"> <br /></div> <div style="text-align: center;"> <span id="docs-internal-guid-a00eb011-2503-9047-1d8d-a83eace695fe"><span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"><i>You've probably heard of VA loans for veterans looking to buy a home, but we can actually help you get an even better product through the California Veterans Administration.</i></span></span></div> <div style="text-align: center;"> <span style="font-family: &quot;arial&quot;; font-size: 11pt; vertical-align: baseline; white-space: pre-wrap;"><i><br /></i></span></div> <div style="text-align: center;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;">Buying a home?&nbsp;<b><a href="http://metrolistpro.idxhome.com/homesearch/56029">Click here to perform a full home search</a></b></i></span></div> <div style="background-color: white; line-height: 21.56px; text-align: center;"> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;">Selling a home?&nbsp;<b><a href="http://metrolistpro.idxhome.com/valuation/56029">Click here for a FREE Home Price Evaluation</a></b></i></span></div> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;"><br /></i></span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">We have an excellent contact at the California Veterans Administration and today, I wanted to tell you about a great loan product they can set you up with if you're a veteran looking to buy a home.</span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">There are some subtle differences between a normal VA loan and a California Veterans loan. </span><span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Most brokers in town can issue a normal VA loan; they're just insured and guaranteed by the federal Veterans Administration. </span></div> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;"><b id="docs-internal-guid-a00eb011-2503-ef8c-f08c-2846d99fef75" style="font-weight: normal;"><br /></b></i></span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The cool thing with the California Veterans loan is that it's actually California bond money financing the loan. Nobody will sell the loan and it won't be serviced by some other company. In fact, it will be serviced right here in Sacramento at the California Veterans Administration, which we call Cal Vet for short. </span><br /> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span></div> <div class="quote-box"> <div class="quote-text"> When my dad became disabled, they actually continued to make the payments on my folks' property. </div> </div> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;"><b style="font-weight: normal;"><br /></b></i></span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It's definitely a good product that I'm personally familiar with because my folks had one many many years ago. When my dad became disabled, they actually continued to make the payments on my folks' property. </span></div> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;"><b style="font-weight: normal;"><br /></b></i></span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 700; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">With a normal VA loan, the rates can actually adjust two or three times a day.</span><span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> Until you're under contract and locked in, the interest rate can go higher or lower frequently. You also have to worry about time frames. If you're looking to buy a new home that's under construction, there might be four to six months of construction. With a VA loan, your contract is locked, so you don't have to worry about your interest rate rising during that construction period. </span></div> <div style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; text-align: left;"> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif;"><i style="font-size: 15.4px; line-height: 21.56px;"><b style="font-weight: normal;"><br /></b></i></span></div> <div dir="ltr" style="font-family: arial, tahoma, helvetica, freesans, sans-serif; font-size: 15.4px; line-height: 1.38; margin-bottom: 0pt; margin-top: 0pt; text-align: left;"> <span style="background-color: transparent; color: black; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; font-variant: normal; font-weight: 400; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Another advantage comes with the homeowners insurance aspect. With a VA loan, your structure insurance is actually covered in your loan. All you'd need is a renter's policy to cover your contents, which saves you more money off your monthly expenses. </span><br /> <i style="font-family: arial, helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;"><span style="background-color: transparent; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; vertical-align: baseline; white-space: pre-wrap;"><br /></span></i> <i style="font-family: arial, helvetica, sans-serif; font-size: 15.4px; line-height: 21.56px;"><span style="background-color: transparent; font-family: &quot;arial&quot;; font-size: 11pt; font-style: normal; vertical-align: baseline; white-space: pre-wrap;">If you'd like to learn more about these loans, I'd be happy to get you in contact with my contact at Cal Vet. Just give me a call or send me an email and we can get that conversation started for you.</span></i></div> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: 15.4px;"></span><br /> <span style="font-family: &quot;arial&quot; , &quot;helvetica&quot; , sans-serif; font-size: 15.4px;"> </span></div> </div> </div> </div>