VA loans are government-backed mortgages guaranteed by the U.S. Department of Veterans Affairs. They are designed exclusively for those who have served — offering no down payment, no monthly mortgage insurance, and competitive rates for eligible veterans, active-duty service members, and surviving spouses.
At Lendia, we specialize in VA loans for California veterans. Whether you’re buying your first home in Orange County, refinancing an existing VA loan, or using your benefit for the second time, we guide you through every step.
VA Loan At a Glance
| Feature | Details |
|---|---|
| Minimum Down Payment | 0% with full entitlement |
| Minimum Credit Score | 580 (lender overlay); no-score option available |
| Loan Limits | No limit with full entitlement; county limits apply with partial entitlement |
| Monthly Mortgage Insurance | None — ever |
| VA Funding Fee | 2.15% first use / 3.30% subsequent (waived for disabled veterans) |
| Seller Concessions | Up to 4% of the purchase price |
| Prepayment Penalty | None |
| Eligible Properties | 1–4 unit primary residences, VA-approved condos, PUDs, manufactured homes |
VA Loan Education — Full Q&A Library
Browse our complete library of VA loan guides below. Each article is written in plain language for California veterans, homebuyers, and real estate agents — sourced directly from current VA lending guidelines.
- What Is a VA Loan?
- Who Qualifies for a VA Loan?
- How to Get Your VA Certificate of Eligibility
- VA Loan Credit Score Requirements
- Do VA Loans Require a Down Payment?
- What Is the VA Funding Fee — and Can It Be Waived?
- VA Loan vs. FHA vs. Conventional — Which Is Better?
- Pros and Cons of a VA Loan
- What Properties Can You Buy with a VA Loan?
- Can You Buy a Multi-Unit Property with a VA Loan?
- Can You Use a VA Loan More Than Once?
- How Does VA Loan Entitlement Work?
- What Is the VA Residual Income Requirement?
- Can a Self-Employed Veteran Get a VA Loan?
- Can You Use a VA Loan to Buy a Manufactured Home?
- Do VA Loans Have Prepayment Penalties?
- What Is a VA IRRRL (Streamline Refinance)?
- What Is a VA Cash-Out Refinance?
- How Long Do You Have to Wait to Refinance a VA Loan?
- VA IRRRL vs. Conventional Refinance — Which Makes More Sense?
Ready to Get Started?
Connect with a Lendia loan advisor to review your VA loan options, check current rates, and get pre-approved. We’ll walk you through every step.