Del Norte, California VA Loans & VA Home Loan Info

Del Norte, California VA Home Loan Info

The 2018 $0 down, VA home loan limit for Del Norte County is $453,100.

The population in Del Norte is 28,290 as of 2012. The median income is $40,432. The median price of listed homes is $185,000, but the median selling price is $127,750. The median renting price is $1,000.

Crescent City is the main center in Del Norte County, and the Crescent City Harbor is known for its commercial fishing of Salmon, Shrimp, Tuna, Cod and Dungeness Crab. Del Norte County is a beautiful area, and is well known for its rocky, isolated beaches and sea stacks, romantic lighthouses and breathtaking rivers.


Maximum VA Appraisal Fees Allowable In Del Norte County:

  • Single Family: $450
  • Condominium: $450
  • Manufactured Housing ( including modular): $450
  • Duplex $500
  • Triplex $600
  • Fourplex $600
  • Repair Certification $100

Located in the far northern coast of California, Del Norte County has many hiking trails and is home to 5 state parks, including Del Norte Coast Redwoods State Park, Jedediah Smith Redwoods State Park, Redwood National Park. As you can tell from the park names, Del Norte County is home to forests with ancient giant Redwoods, with some trees attaining heights of 350 feet and more.


Home Prices in Del Norte County, California

The median home price in Del Norte County is $197,712, and offers a wide choice of homes. For veterans in Del Norte County, the VA loan can help you purchase a home. Why go with a VA loan? They offer very competitive rates on your mortgage that can save you money now, and over the life of your loan. The VA protects lenders against loss from default (up to the amount that’s protected), so you’ll enjoy the opportunity to purchase a really terrific home.

While the VA requires you to pay certain funding fees, there’s no worry on your end about financing your down payment on a VA loan. VA loans are zero down.

So how can you use your VA loan? You can buy a home, build a new home or renovate your existing home with upgrades and repairs. You can also make various types of energy efficient improvements to your home. Many veterans are using their VA loans refinance in order to take advantage of today’s historically low interest rates. Doing so can save you money by lowering your monthly payments.

Low interest rates are very important, of course, but there are other benefits to having a VA loan. For example, VA loans are assumable. The only requirement is the person assuming the loan qualifies for the loan.

Another benefit is that the VA limits the amount of closing costs you have to pay on a loan. That means you’ll never be required to pay more than what is considered a fair price. Plus, the VA lets you prepay your loan without having to pay a penalty.

Here’s another reason that a VA loan is a smart way to go. If you ever have a problem making your monthly payments, simply contact the VA. We’ll work with you and offer assistance to help you through the problem.

Be aware, though, that even though you are eligible to apply for a VA loan, the lender is not required to automatically approve your loan. You have to qualify for the loan, just like you would with any other mortgage. There are some things to know, however, which can help you with the qualification process.

You’ll need to have a good credit score. The VA might be more lenient than other lenders when it comes to credit scores, but it still needs to be good. Check your credit report just to be sure it doesn’t have any erroneous information. Also, the VA looks closely at the past 12 months, so make sure you’re making all of your payments on time. And don’t make major purchase that could impact your credit. Save them for after your loan is approved.

The VA has minimum requirements for loan approval, which depend on your family size and your location. They just want to be sure that you can pay your mortgage – and have enough money left over to pay your other bills.

Finally, the VA prefers that you have 2 years of consecutive employment. In some cases, they will waive that requirement. Just be aware that you’ll need to provide documentation and support as to why you don’t have 2 years of steady employment.

If you’d like more information, or assistance with applying for a VA loan in Del Norte County, the professionals at VA Home Loan Centers are ready to help.


Additional Information on Del Norte, California

Del Norte is the abbreviated Spanish nickname for “the land of the north” (la tierra del norte). Despite its Spanish name, official pronunciation of the name is to drop the trailing “e” and simply say “Del Nort.”

The rural county of Del Norte is notable for forests containing giant Coast Redwoods, with some attaining heights of 350 feet or more. Del Norte is the northernmost county on the California coast. Due to its climate, Del Norte has scores of unique plants and flowers. Del Norte is very scenic and known for its rocky primitive beaches, sea stacks, pristine rivers, and historic lighthouses. Del Norte is also known among Bigfoot enthusiasts as the location of the famous Patterson-Gimlin film, as well as being the location of some of the forest scenes used in Star Wars: Return of the Jedi.

If you are a veteran, active duty, or spouse, you might be eligible to use the CalVet Home Loan to purchase a home in California.


Del Norte County Property Search

Please call VA home Loan Centers @ 1-888-573-4496 or use the form below for an email of current homes for sale.


Links

  1. California VA Loan Information: https://www.vahomeloancenters.org/california-va-home-loan-limits/
  2. VA Loan Information by State:https://www.vahomeloancenters.org/va-loan-limit-maximum-va-loan-amount/

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