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I am so grateful for the service and personal attention we received from you in obtaining my home loan. And, thank you for referring me to an agent with that is experienced working with veterans. Your guidance, patience, and expertise made the home buying experience pleasant. I could not have asked for a better loan officer to guide me through the process. It was a pleasure to work with you and I will highly recommend your services to anyone in the market for a home loan. Thanks again for the smooth, efficient, and positive experience.”  

SSGT Jeffrey Hutson

Local Expertise

Silva Lending has been serving the Southern California area for over 10 years. Our team is committed to assisting you with obtaining the best home loan option, with the best terms for you and your family!

VA Loan Providers

Silva Lending, is one of the most dedicated lenders of VA Loans in Southern California, and is committed to serving U.S. Veterans and their families.

VA Loan Experts

Silva Lending is comprised of experts in the rules, regulations, requirements, and processes of the VA Loan Program. Our loan officers receive ongoing training on VA eligibility and the VA loan process.

There are a ton of advantages to VA Loans. These advantages make it one of the most appealing and rewarding routes to homeownership. VA loans are offered exclusively to men and women who have served in the United States military. This benefit is also extended to their spouses.

 

Silva Lending can help you determine if you are eligible for a VA Loan. Need help obtaining your Certificate of Eligibility? We can help with that too!! Call 877-29-VALoans to speak with a member of the team to get started. You may be eligible for a VA Loan if you served 90 consecutive days of active service during wartime OR you served 181 days of active service during peacetime. You may also be eligible if you have more than 6 years of service in the National Guard or Reserves. If you are the spouse of a service member who has died in the line of duty or as a service-related disability, you may be eligible for a VA Loan as well.

Learn More about VA Loan Eligibility

Because of their honorable and commendable service to the United States, service members and Veterans may qualify for a wide variety of housing benefits. One of the most popular benefits is the VA Loan Program. The VA Loan program is a mortgage option where qualified service people can purchase a home without putting any money down. This program is designed for those brave men and women who served, and there are some requirements that must be met in order to qualify.

Obtaining your Certificate of Eligibility

Silva Lending can assist you in obtaining your VA Certificate of Eligibility. You don’t need your COE to initiate the loan process, but your loan application cannot be completed without it. The COE confirms your length and type of service and determines your eligibility for the VA Loan program. If you are seriously considering a home purchase, fill out a COE form (VA Form-26-1880). If can be downloaded through the Veterans Administration site and sent directly to the VA. Learn more about the COE process at this address: http://benefits.va.gov/benefits/.

VA Loan Income Requirements

One of the great benefits of a VA Loan is that potential homebuyers don’t have to meet a specific income requirement. The only expectation is that borrowers have consistent and reliable income that will meet the needs of the loan as well as their other monthly expenses. To clarify, the VA requires that borrowers have funds left over each month after all expenses are paid. Those funds typically cover food, utilities and anything else due in a month. This requirement is one the primary reasons why VA Loans have the lowest foreclosure rates. It ensures that borrowers have enough to buy the home of their dreams and still live comfortably.

Additional Eligibility Requirements

AThe VA establishes the guidelines of who is eligible for a VA Loan. The Private lenders who finance the home purchase often have an additional set of requirements. Credit, income, and debt are typically items that lenders will evaluate. When you are ready to apply, one of our licensed professionals will obtain your credit score, examine your debt-to-income ratio, and provide our recommendations based on your unique situation. As expected, veterans who have been discharged dishonorably do not qualify for a VA Loan.

Questions about whether you qualify?

Our Home Loan Specialists are available 24/7 to answer any questions you have about the VA Loan Program. Give us a call at 877-29-VALOANS

Because of their honorable and commendable service to the United States, service members and Veterans may qualify for a wide variety of housing benefits. One of the most popular benefits is the VA Loan Program. The VA Loan program is a mortgage option where qualified service people can purchase a home without putting any money down. This program is designed for those brave men and women who served, and there are some requirements that must be met in order to qualify.

Streamline Refinancing

Also known as a VA IRRRL, the “Streamline” refinancing option is great for existing VA Loan holders looking to realize significant savings and take advantage of lower interest rates. More on IRRRL VA Refinancing

Cash-Out Refinancing

An option for those with a VA or conventional loan looking to take advantage of the equity in their homes to access cash for home improvements, emergencies, paying bills or any other purpose. More on Cash-Out Refinancing

In addition to providing great benefits for new homebuyers, the VA Loan program offers the ability to refinance a loan in some very specific ways. A VA Streamline Refinance, also known as an Interest Rate Reduction Refinance Loan (IRRRL), is the most popular refinance option. A Streamline Refinance allows veterans with an existing VA Loan to refinance to a lower rate. Cash-Out Refinances are an additional option under the program. This option allows borrowers the opportunity to use the equity in their home for cash, debt consolidation, and or home improvement.

Lower Payments

Competitive interest rates and no private mortgage insurance mean lower monthly payments.

First-Timer Buyers

No down payment and relaxed credit standards means loans from the VA Program are especially helpful for first-time homebuyers.

Easier to Qualify

The VA Loan Program provides homeownership opportunities for millions who wouldn’t otherwise qualify for conventional financing.

No Down Payment

The VA Home Mortgage is one of the only home loans available today with no down payment required.

Disclaimer

EHO-Logo-white-transparentA VA approved lender; Not endorsed or sponsored by the Dept. of Veterans Affairs or any government agency. We may share customer information with our trusted affiliates to assist you with your VA Loan. Customers with questions regarding our loan officers and their licensing may visit the Nationwide Mortgage Licensing System & Directory for more information.

Silva Realty and Silva Lending
25876 The Old Road #239 | Stevenson Ranch, Ca. 91381 | CalBRE #01986446 | NMLS #1400791
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