Damaged Credit
VA Loans in San Diego, CA

We offer VA loans for veterans and active service members with damaged credit living in San Diego and the surrounding areas of California.

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I WANT TO
BUY A HOME

I WANT TO
REFINANCE

What is your branch of Service?

What is your branch of Service?

What is the Damaged Credit VA Loan?

Sometimes life hits you hard, and because of that, our goal is to find you a solution that best suits your situation. Damaged Credit VA Loans offer second chances for military members and veterans who have credit or debt-to-income ratio issues. We don’t have lender overlays which is how we are able to help clients who normally have a difficult time getting a VA Loan.

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What are the benefits of a Damaged Credit VA Loan?

  • Take advantage of the VA Loan benefits even if your credit isn’t super high
  • No private mortgage insurance (PMI)
  • $0 down payment
  • No lender overlays to worry about
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Why are lender overlays not a problem for a Damaged Credit VA Loan?

Lender overlays are rules banks and lenders add to protect themselves when lending money to home buyers. With the damaged credit VA loan we are able to offer clients who have low credit scores a home loan since there are no lender overlays to worry about. In the past, we’ve helped clients with sub 500 credit scores buy a home.

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What is the funding fee for the Damaged Credit VA Loan?

The Damaged Credit VA Loan is subject to the same funding fee as any other VA loan. These fees are paid to the Department of Veterans Affairs and are collected in order to offset the bank or lender's losses if you were to default on your mortgage. These funding fees are the same as traditional VA Loans and are set at 2.3% for first time users and 3.6% for subsequent use. Exceptions are made when a veteran has 10% or greater disability or an active duty member has been awarded the purple heart.

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