VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $510,400*(Call 888-573-4496 for details).
Riverside County offers a wide range of lifestyle choices for residents, from the rolling hills of Temecula to the palm tree lined streets of the Coachella Valley. It’s located inland from the coastal community of Los Angeles, and has a population of 2,189,641.
Riverside County is home to Joshua Tree National park, which offers families both desert and mountain terrain for a variety of outdoor activities including camping, hiking, rock climbing, mountain biking and more.
Riverside County is home to the famous resort cities of Palm Springs, Palm Desert, Indian Wells, La Quinta, Rancho Mirage and Desert Hot Springs – all located in the Coachella Valley region of the County. Other cities in Riverside include Blythe, Corona, Hemet, Norco, Temecula, Moreno Valley, Lake Elsinore and Wildomar.
Many people move to Riverside County over Los Angeles County due to the cost of homes, as home prices in Riverside County are much less expensive. The median home price in Riverside County is $233,000, which is substantially lower than other areas of California, and makes Riverside County an attractive community for families looking to move to the Southern California area.
VA Appraisal Fees in Riverside County
Effective April 1, 2019 the VA appraisal fees in Riverside County are:
- Single Family: $600
- Condominium: $600
- Manufactured Housing ( including modular): $600
- 2-4 Unit Multi Family (Duplex, Triplex, Fourplex): $850
- Appraisal Re-Inspection: $150
Are you a Veteran moving to Riverside County?
Veterans in California can use the CalVet Home Loan to buy a property.
Riverside is home to 3 significant military defense locations of the United States including:
- Chocolate Mountain Aerial Gunnery Range (CMAGR)
- March Air Force Base
- Marine Corps Base Camp Pendleton
Riverside County’s median home prices are much lower than neighboring San Diego, Los Angeles and Orange Counties, and are attracting population from those counties as a result. The median home price in Riverside is $280,000. The median income is $60,700. South Riverside County, which includes Hemet, Temecula, Murrieta and Menifee, has seen significant population increases due to newer neighborhoods and homes at lower prices.
The city of Riverside, the largest city in Riverside County, has a broad range of unique neighborhoods, from historic neighborhoods to neighborhoods with brand new housing tracts and just about everything in between. There are excellent schools, community facilities and shopping throughout Riverside.
One of the more distinctive cities in Riverside County is Palm Springs, which at one time was home to the movie stars of the ‘30’s and ‘40’s. Today, it’s a vibrant community in the desert with tourism as one of its core industries. Families in Palm Springs enjoy over 300 days of sunshine, and despite the high desert temperatures enjoy golf, swimming, tennis, and horseback riding, biking and hiking in the nearby desert and mountain areas.
At one time Riverside was an agricultural community, but today government, education, manufacturing and retail drive the economy. In addition, technology has become a major focus of the County, with software and data information companies now dotting the landscape. California also has created an Enterprise Zone in the northeast corner of Riverside, providing tax incentives to businesses that invest in companies within the zone. And an aggressive job-training program is underway in Riverside County under the Riverside County Workforce Development Board. Currently, the largest employer in Riverside County is the University of California, Riverside.
For veterans who value the Southern California lifestyle but want to live in an area that is less costly than San Diego or Orange Or Los Angeles counties, Riverside would make a great place to call home. A warm, Mediterranean climate, good schools, and a humming economy all make Riverside County a family-centric city. If Riverside County is where you’re planning to move your family, then a VA loan is the smart financing step to take.
That holds true whether you’re planning to purchase a home, build a new home, make substantial home improvements or additions to your current home, or you have plans to put in energy-efficient improvements. Plus, many veterans are using their VA loans to refinance an existing VA loan. With today’s lower interest rates, it’s not uncommon to save a substantial amount of money each month by refinancing their loan.
There are many reasons why, but it starts with competitive rates. All VA loans are zero-down loans, which means you don’t have to accumulate thousands and thousands of dollars for a down payment, or worry about putting the down payment into the home financing.
That’s just for starters. VA loans are assumable, which will come in handy when it comes time to sell your home. Just make sure that the person who is assuming your loan will be able to qualify with the VA financing criteria. If you choose to pay off your loan early, there’s more good news: there’s no prepayment penalty with a VA loan.
In order to apply for a VA loan, you’ll need to obtain a certificate of eligibility, which – just like the name says, shows that you’ve met the service requirements as a veteran and that you’re eligible to apply for a VA loan. But before you apply there are several things you should do to help you along in the approval process.
First, get a copy of your credit report. A recent news story showed that over 5% of credit reports have errors on them – some significant errors. This is for your own protection – just check the report to make sure you don’t see any errors on it that could impact your credit score. Also, prior to applying for your loan, don’t make any major credit purchases, as this could adversely affect your credit. Wait until you are approved before you buy things on credit.
As for the VA and your credit – they’re looking to see that you have a “good” credit score. They use the word, “good” – rather than “great,” because the VA is more lenient than other lenders. This is good for you.
They’re also going to want to see 2 years of consecutive employment. Hopefully, you’re able to show that to the VA, but if not, just be prepared to explain or document why you weren’t employed for 2 consecutive years. The VA also has minimum income requirements, which are based on your family size and your location. They do this to ensure that you cannot only meet your monthly mortgage payment, but you can pay your monthly bills as well.
And while we hope it never happens, if you ever find that you can’t make the monthly payment son your mortgage due to job loss, illness or hardship, the VA is ready to assist you with advice and information. It’s comforting to know, just in case.
Riverside County offers a diverse range of homes and is a great place to raise a family. If you need any help applying for your loan or help with any part of the loan process, the pros at VA Home Loan Centers are standing by and are ready to help.
Apply for a Riverside VA Home Loan
Riverside County borders San Diego County, Imperial County, Orange County and San Bernardino County.
Riverside County has vast terrain containing both desert and some of Californians highest mountain peaks. Joshua Tree National Park, Palm Springs, and San Jacinto Mountain range are located in the county of Riverside. The median house price of Riverside County is far less than that of neighboring San Diego, Los Angeles, and Orange Counties.
Recently South Riverside County (Hemet, Temecula, Murrieta, and Menifee) has seen a population expansion due to its newer neighborhoods and low house prices.
The famous golf and spa resorts of the Coachella Valley such as Miramonte in Indian Wells, La Quinta, Rancho Mirage, Palm Springs and Palm Desert are located in Riverside County.
Riverside Property Search
You can use the Riverside County VA HLC property search for the following cities: Banning, Beaumont, Blythe, Calimesa, Canyon Lake, Cathedral City, Corona, Coachella, Desert Hot Springs, Eastvale, Hemet, Indian Wells, Indio, Lake Elsinore, La Quinta, Menifee, Moreno Valley, Murrieta, Norco, Palm Desert, Palm Springs, Perris, Rancho Mirage, Riverside, San Jacinto, Temecula, Wildomar, Aguanga, Anza, Bermuda Dunes, Cabazon, Cherry Valley, Chiriaco Summit, Desert Beach, Desert Center, East Blythe, Eagle Mountain, Eagle Valley, East Hemet, El Cerrito, Glen Avon, Highgrove, Home Gardens, Homeland, Idyllwild, Lake Tamarisk, Lakeland Village, Lakeview, Lost Lake, Mead Valley, Mecca, Mira Loma, Mountain Center, Murrieta Hot Springs, North Shore, Nuevo, Pedley, Pine Cove, Quail Valley, Ripley, Romoland, Rubidoux, Sedco Hills, Sky Valley, Sun City, Sunnyslope, Thermal, Thousand Palms, Valle Vista, Winchester, Woodcrest
Indian reservations: Agua Caliente Indian Reservation, Augustine Indian Reservation, Cabazon Indian Reservation, Cahuilla Indian Reservation, Colorado River Indian Reservation, Morongo Indian Reservation, Pechanga Band of Mission Indians, Ramona Village, Santa Rosa Indian Reservation, Soboba Band of Mission Indians, Torres-Martinez Indian Reservation, Twenty-Nine Palms Indian Reservation.
Please call VA home Loan Centers @ 1-888-573-4496 or use the form below for an email of current homes for sale.