Step-by-Step Guide to Getting a VA Loan as a First-Time Buyer in California

Buying your first home is a major milestone, and if you’re a veteran, active-duty service member, or eligible spouse, a VA loan can make homeownership more accessible. With zero down payment, lower interest rates, and no private mortgage insurance (PMI), VA loans are an excellent option for first-time homebuyers in California.

In this guide, we’ll walk you through the step-by-step process of securing a VA loan so you can buy your dream home with confidence.

Step 1: Check Your VA Loan Eligibility

The first step in getting a VA loan is confirming that you meet the eligibility criteria. You may qualify if you are:

An active-duty service member

A veteran with an honorable discharge

A reservist or National Guard member (with at least six years of service)

A surviving spouse of a service member who died in the line of duty

To verify eligibility, you’ll need a Certificate of Eligibility (COE), which you can obtain through the VA eBenefits portal, your lender, or by mail.

Step 2: Get Pre-Approved for a VA Loan

Before house hunting, it’s crucial to get pre-approved for a loan. This helps you understand your budget and shows sellers that you’re a serious buyer.

To get pre-approved, a VA lender will assess your:

Credit score (Typically, 580+ is preferred, but some lenders are flexible)

Debt-to-income (DTI) ratio

Employment history and income stability

VA loan entitlement

A pre-approval letter gives you an edge in competitive markets like California.

Step 3: Find a VA-Approved Lender

Not all lenders offer VA loans, so it’s important to work with one that specializes in them. The Lending Mamba can help you find competitive VA loan options and guide you through the process seamlessly.

Step 4: Start House Hunting

Now comes the exciting part—finding your dream home! When looking for a home with a VA loan, keep these key factors in mind:

The property must meet VA minimum property requirements (MPRs) (e.g., no major structural issues, adequate heating, and a safe water supply).

Condos must be on the VA-approved condo list.

The home must be your primary residence (not an investment property).

A real estate agent familiar with VA loans can help you find homes that qualify.

Step 5: Make an Offer and Sign the Purchase Agreement

Once you find the perfect home, work with your real estate agent to submit a competitive offer. After negotiating and agreeing on terms with the seller, you’ll sign a purchase agreement, which is needed to move forward with your VA loan application.

Step 6: VA Loan Appraisal and Home Inspection

Before closing, the VA requires an appraisal to ensure the home meets its value and safety standards. The lender will also recommend a home inspection to check for potential issues before finalizing the purchase.

If any repairs are needed, they must be addressed before loan approval.

Step 7: Loan Underwriting and Final Approval

Once the appraisal and inspection are complete, the lender’s underwriting team will review all documents to ensure everything meets VA loan requirements. During this process:

The lender verifies your financial details.

The home’s appraisal report is reviewed.

Any outstanding conditions are cleared for final approval.

This process typically takes 21 days or less with fast-tracked VA lenders like The Lending Mamba.

Step 8: Closing on Your Home

Once your VA loan is approved, you’ll attend the closing meeting to sign all necessary documents. At this point, you’ll receive the keys to your new home!

One of the biggest perks? VA loans in California have limited closing costs, saving you money upfront.

Final Thoughts

For first-time homebuyers in California, a VA loan is one of the best mortgage options available. With zero down payment, lower interest rates, and no PMI, you can achieve homeownership faster and more affordably.

If you’re ready to start your VA home loan journey, contact The Lending Mamba today. Our team specializes in fast-tracking VA loans and closing within 21 days so you can move into your new home stress-free.

Get Pre-Approved Today!

📞Contact us at 657-777-0024
🌐 https://thelendingmamba.com/
Email: Info@thelendingmamba.com