5 bedroom, 3 bath home for sale in Chula Vista, CA – VA approved!

5 bedroom, 3 bath home for sale in Chula Vista, CA – VA approved!  This lovely home located in the Haven community of Cordova in Windingwalk will amaze you.

Located at 2221 Las Cruces St. Chula Vista, CA 91915 this new  home  built last year is worth a look!

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What is a VA loan? – Veteran Administration (VA) Guaranteed loans are made by private lenders to eligible Veterans for the purchase or refinance of a home.

It’s important to know that the VA is not a bank. The VA does not loan the money, fund the loan, or service the loan. What the VA does is guarantee the loan by providing protection to the lender against loss if the Veteran fails to repay the loan.

The VA loan began in 1944 through the original Servicemen’s  Readjustment Act also known as the GI Bill of Rights. This program was intended for Veterans and their families to realize the dream of homeownership by offering access to lower cost financing. The VA announced in October 2012 that the Dept. had guaranteed it’s 20 millionth home since the program’s inception in 1944. At the time of the historic announcement at total of 540,000 homes were guaranteed by VA in 2012. (VA press release Oct. 26. 2012)

Important features of the VA Home Loan:

1. Must be for Veteran’s own personal occupancy.

2. Max guaranty is up to 25% of the Freddie Mac maximum conforming limit

3. NO down payment required – up to 100% financing ****

4. Ability to finance the VA Funding Fee

5. One Fixed or ARM option loan – fully amortizable – NO interest only options

6. Flexible Credit Standards

7. No mortgage insurance premiums

8. An assumable mortgage

9. No prepayment penalties

10. VA offers assistance to borrowers in default

11. Lenders control the pace of the transaction

12. VA home loan can be used more than once by a veteran

TOP FIVE AREAS SAN DIEGO MILITARY FAMILIES BUY HOMES

I’ve done my research – Search the Top FIVE areas that San Diego Military families purchase homes

 

SEARCH POPULAR AREAS NEAR NAVAL BASE SAN DIEGO OR 32ND ST. NAVY BASE

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View Military homes in Chula Vista, Spring Valley and Otay Mesa

We serve all branches of the military whether you’re Army, Air Force, Navy, Marines, or Coast Guard. We even have experience in working with border patrol and prison workers. The site will address relevant information pertaining to home buying, selling, financing and mortgage relief options. We do not at this time have the ability to help those looking for rental properties but we encourage all our users to compare the option of buying vs. renting to see which one makes more sense.

We’ve gathered all the key information you will need to satisfy your off base housing needs based on our years of working with the military community. Call to speak to an experienced real estate agent at 619-248-5484.

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