A VA-backed home loan can help eligible veterans, active-duty service members, and some surviving spouses purchase or refinance a primary residence in California. VA guarantees part of a private lender's loan. Eligibility, property requirements, and underwriting apply.

Potential benefits

• A no-down-payment purchase option for eligible borrowers when the price does not exceed the property value.

• No monthly private mortgage insurance.

• Competitive terms and limits on certain closing costs.

• A reusable benefit, subject to entitlement and eligibility.

Costs and choices

Budget for closing costs, property taxes, homeowners insurance, and any applicable VA funding fee. Some borrowers are exempt from the funding fee. Compare the full payment and cash to close.

Purchase and refinance

For a purchase, we can review your Certificate of Eligibility, payment goals, and pre-approval before you shop. For an existing VA loan, ask about an Interest Rate Reduction Refinance Loan (IRRRL); for other goals, we can compare available refinance choices. Refinancing can extend a loan term or increase total interest even when a payment falls.

I serve eligible buyers and homeowners throughout California. Call Melissa Alves at (209) 702-8480 or email malves@nexamortgage.com for a personal review. Melissa Alves, Mortgage Loan Officer, NMLS #1993867, NEXA Mortgage. General information; approval and terms are subject to underwriting.