Sonoma County Mortgages

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  • Scott Sheldon
    • Scott Sheldon
      Senior Loan Officer
      NMLS ID# 287389
      Direct: 707 217-4000
      Scott.Sheldon@nafinc.com
      Specializing in Residential Home Loans for Primary Residences, Second Homes, Investment Properties, Single Family Homes, Condos, PUDs, 1-4 Units.

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VA Loans

VA Loans are a flexible loan program guaranteed by the US Department of Veterans Affairs to help military veterans, members of the military and/or surviving spouses of veterans’ purchase homes with no down payment.  Unlike, other government loans, VA loans are guaranteed, not insured thereby making the VA Loan one of the lowest cost mortgages available in the market today.

VA Loans Highlights:

  • No Down payment required
  • No monthly mortgage insurance payment
  • Increased purchasing power
  • Seller can pay closing costs up to 6% of the purchase price
  • VA Loans are guaranteed by the US Department of Veterans Affairs
  • No Prepayment Penalties
  • Less than perfect credit ok
  • 30-, 25-,20-,15- and 10- year loan terms available

How VA Loans Work

  • Credit score as low as 640
  • No reserves are required
  • Military veterans include Army, Navy, Air Force, Marines, and Coast Guard-including surviving spouses of an eligible service member who died as a result of military service and/or connected injuries is also eligible
  • 2.15% funding fee can be financed into the loan amount or paid upfront
  • DD Form 214 needed from Department of Veterans Affairs to obtain certificate of release or discharge from active duty
  • Previous Bankruptcy eligible in two years
  • Previous Foreclosure eligible in three years

VA Loan Requirements:

  • Veteran may not pay for pest inspection fee
  • Property must clear a pest report
  • Veteran can pay for a home inspection report

If you are military veteran thinking about buying a house in Sonoma County, consider a VA Loan. Compared to to other mortgage loan programs available in the market, the VA Loan is truly a stand alone program helping today’s military veterans. Start by getting prequalified online for your VA loan today.

 

 

 

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Location & Contact

Scott Sheldon, Senior Loan Officer
NMLS ID# 287389
1450 Neotomas Ave Suite 115
Santa Rosa, CA 95405
1-707-217-4000
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Corporate Office 14511 Myford Road, Suite 100, Tustin, CA 92780. We at New American Funding take great pride in our customer service and make it our number one priority. We encourage you to contact us for complaint resolution or any post-closing questions you may have regarding the servicing of your loan. We strive to have your experience with New American Funding a stellar one. In the rare case that our service did not meet your expectations, please call our customer care hotline at 1-800- 450-2010, ext. 7100 or you may contact us by email customerservice@nafinc.com. Please leave a detailed message and we will follow up with you no later than the end of the next business day. If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800-450-2010 Ext. 7100 for assistance.

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