VA Loan San Diego

By
Real Estate Agent with HomeSmart Realty West Cal BRE#01427412

Using a VA loan to buy a home in San Diego has gotten easier in 2010. Overall, sellers including banks are more knowledgable about how the VA loan process works today and as a result are more secure about military homebuyers. The myths about VA loans taking a much longer time to process, are costlier for the seller and difficult to work with have greatly eroded. 

blue sky, houses with windows and doors, green bushes and grass,iron fence, brown stucco walls

The shift started to take place in San Diego as home prices fell and more VA homebuyers entered the market place. At the same time, the foreclosure inventory started to shrink while there was an upswing of normal sale and investor flip homes. It became increasingly hard for sellers to ignore offers with VA loans in San Diego when the buyer looked strong with great credit scores and solid financial history.

It also helped that the local MLS made it a requirement for agents to make public the type of buyer financing obtained for each sale. This meant, Listing agents can track whether homes in a particular community were recently sold with a VA loan in San Diego. As more homes where sold with VA loans the more sellers felt encouraged to accept offers from military homebuyers.

This new direction in VA loans being more acceptable in San Diego is a major win for the active duty service member. A VA loan is the only type of financing available on the market to purchase a home with zero down and no mortgage insurance. It's a perfect storm to use a VA loan to buy a home in San Diego with lower home prices, low interest rate and more acceptance of military homebuyers.

men in while navy military uniform, people standing looking at a memorial, sunny skies, trees, grey wall monument

Lorraine Santirosa is a real estate agent known as "The VA Queen" who helps military families in San Diego buy or sell their homes. She's one of the few real estate agents in San Diego that has knowledge and experience about the US Government HAP (Homeowners Assistance Program) Benefit. For a quick response call Lorraine at 619-248-5484

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Topic:
Home Buying
Location:
California San Diego County San Diego
Groups:
Realtors®
Keller Williams 'Rainers
Military Relocations
Posts to Localism
Tags:
va home loans san diego
military home loans in san diego

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Rainmaker
248,247
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Lorraine: If you're a veteran a VA loan is a tremendous benefit and one you rightfully deserve.

Jun 25, 2010 04:59 PM #1
Rainmaker
248,247
Matt Grohe
RE/MAX Concepts - Des Moines, IA
Serving the metro since 2003

Lorraine: If you're a veteran a VA loan is a tremendous benefit and one you rightfully deserve.

Jun 25, 2010 04:59 PM #2
Rainmaker
730,462
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Excellent post and also the update that your mls requires the type of financing, that is an excellent idea!

Jun 25, 2010 05:18 PM #3
Rainer
95,927
Lorraine Santirosa
HomeSmart Realty West - San Diego, CA
#1 San Diego Military Relocation Expert!

Matt,

Well said, and it's great knowing the veterans in San Diego can actually take advantage of the current market opportunity.

Jun 25, 2010 05:27 PM #4
Rainer
95,927
Lorraine Santirosa
HomeSmart Realty West - San Diego, CA
#1 San Diego Military Relocation Expert!

Dan,

You're right. It's a feature that benefits both the buyers and sellers .

Jun 25, 2010 05:29 PM #5
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Rainer
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Lorraine Santirosa

#1 San Diego Military Relocation Expert!
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