VA Loans in Today’s Economy with Chris James

A brokerage in Westlake Village, CA for a little over 15 years, Pacific Oaks Mortgage has the opportunity to work with various lenders to help find a loan program that best fits the borrower’s needs. In this episode, Paul sits down with Chris James, a Loan Specialist with Pacific Oaks Mortgage to discuss VA Loans. Chris helps us understand who qualifies for a VA Loan, shares some information about different programs designed specifically for Veterans, gives us insight on current interest rates, and so much more.

 

Get in touch:

Chris James

Pacific Oaks Mortgage Team

Cell: 818-292-1260

chrisjames@pacificoaksmortgage.com

 

Watch the full episode complete with charts and guides on Paul’s YouTube channel. 

 

What you’ll learn in this week’s episode:

 

0:00   Introduction

0:40   Who is Pacific Oaks Mortgage?

1:12   With 100 large investors, Pacific Oaks Mortgage can get the borrow the best possible rate available

1:55   Who specifically qualifies for a VA Loan

2:15   How much money does a Veteran buyer have to put down on their loan?

2:43   The lowest a Veteran’s FICO score can be to qualify

3:31   The Temporary BuyDown Program and how it benefits a Veteran

4:40   Chris tells us about the preapproval process for a VA Loan

6:44   Current interest rates on VA Loans

7:35   Chris talks about the different ways to structure a BuyDown loan.

8:30   More benefits of the BuyDown Program

9:35   Stats on current homeowner’s interest rates

10:05 Overbidding and Higher Prices with lower interest rates vs Higher interest rates, more affordable home prices, and refinancing later

10:35 Other programs that Pacific Oaks Mortgage offers

11:14 “Piggyback HELOC mortgages” & One Time VA Construction Loans

13:29 Programs available to help a Veteran even with increased interest rates

13:46 How to contact Chris James

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Have ideas for future episodes? We'd love to answer your questions - leave a comment! For any home buying or home selling needs in the Ventura County area of California, please reach out to Paul@HomeAndRanchTeam.com or visit www.HomeAndRanchTeam.com

 

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