A: In this circumstance, again we play the real estate game very differently – and we play to WIN. On your behalf, we deploy our Stealth Strategy…The SoCalVAHomes Secret Weapon! The VETERAN'S ANGEL PROGRAM. This special new program helps you get an accepted offer and has helped many of clients get their offers accepted. This program is not available anywhere else and is simply UNHEARD OF in the real estate business……because WE developed it… It is so unusual…so POTENT and so devastating to your market competition…that when you fully comprehend its operation and its IMPACT…which is why we don't publish it here, for more details call us at 888-556-2018Q: How do you do all this? Where does the loan or financing come from to complete the transaction? Does So Cal VA Homes make the loan?
A: So Cal VA Homes combines three separate companies to offer a revolutionary home buying experience. Our real estate investment company, SARTRE, LLC pays cash to purchase the home. So Cal VA Homes employees and contractors design and facilitate the renovations. Then our VA recognized mortgage company, One Touch Lending provides the financing to complete the transaction.Q: How does So Cal VA Homes make money on these homes?
A: We often get this question. Because we provide three separate and distinct set of resources to serve our client's goals, we often earn income in these three ways. We may get paid a real estate commission when we purchase a home for renovation and later sale. SARTRE will earn income if we sell the home to you at a small profit. Lastly, One Touch Lending Earns income when we successfully finance your new home.Q: How do I know that I’m getting a good final price on the home and that I’m not paying too much for the property? How do I REALLY know what the home is worth?
A: We can't sell you the home for a price more than the value established by an independent VA approved appraiser, who appraises every transaction. The Government protects all VA buyers in this manner, so you don't pay too much for a home. So the final purchase price and therefore the value we add to the home is confirmed by an independent VA approved appraiser. When the appraisal is completed, the lender reviews the appraisal and sends you a "Notice of Value" – a second opinion often demonstrating instant home equity that you receive in your new home! On the website, we have video of the Dudera transaction in Imperial Beach. We sold them the home for $330,000 and the Notice of Value was established at $350,000. They got $20,000 in EQUITY and a $5,000, 80" Sharp flat screen TV on the wall! (not to mention ALL new stainless steel appliances). That transaction was soooo fun!Q: Who gets to use these VA Benefits and who is eligible for VA Financing?
A: If you have served, or are serving in the Army, Navy, Marines, Coast Guard or Air force for 90 – 180 days, you are very likely eligible. Additionally, if you are currently National Guard an active Reserve member, you qualify. To obtain a Certificate which documents your eligibility, you must have been discharged under conditions other than dishonorable. Surviving spouses in many circumstances qualify as well. Additionally, members of N.O.A.A., merchant seaman and some other service organizations qualify.Q: What’s the purchase price limit when using my VA benefit?
A: Your VA Benefits limit your purchase loan size depending on your county. If you are not currently receiving disability payments from the VA, a "Funding Fee" is included in the loan amount. If you have been awarded disability, you are exempt from this fee. Inclusive of this fee to the VA, loan limits in 2013 are as high as $987,500 in parts of Northern California. We perform financing throughout the state, but in the 5 Southern California counties where we remodel homes for our men and women, the 2013 limits are as follows:
- LA County 668,750
- Orange County CA = $668,750
- Riverside County = $417,000
- San Bernardino County = $417,000
- San Diego County = $545,250
A: Yes. Interest rates for VA Loans – The zero down purchase option – are often slightly better than their FHA and FNMA alternatives.Q: How hard is it to get a loan? I’ve heard that lending guidelines make it really difficult to qualify.
A: Contrary to what most believe, VA lending and underwriting have the MOST flexible guidelines of all loan programs. The process is very simple and easy to qualify, if you meet minimum credit standards and have adequate full time income. The approval process can take as little as five minutes of your time and a few hours of our time.Q: What if we’re working with a Realtor already?
A: We are excited to cooperate with Realtors who refer us clients and do some of the initial house hunting. If you don't have a Realtor then of course we expect to provide that component of "shopping" for your home. As a turn-key, full service operation, our acquisition team will help you get the house you want using one of our agents.Q: Do you have any programs that are special for Service Members with disability?
A: The VA offers specially adaptive housing grants for certain disabilities. With these grants you get free money to complete certain approved renovations. Your VA Funding Fee is waived if you are receiving disability from the VA. We will combine the housing grant with financing to achieve maximum results for a comfortable home that meets your special needs.Q: Do you work with Non VA Buyers?
A: Yes. Although we prefer working with our country's service men and women we can help FHA and Conventional buyers as well.