California
Branches located in California
Welcome to California
The Golden State, known for its breathtaking Pacific coastline, iconic landmarks, and vibrant cities. California’s diverse geography stretches from the towering redwoods of the north to the sun-soaked beaches of the south. The state's dynamic culture blends innovation, entertainment, and natural beauty, making it a destination like no other.
California’s economy leads the nation in sectors like technology, agriculture, and entertainment. From Silicon Valley to Hollywood, each region contributes to the state’s economic strength. Whether you're exploring Yosemite’s scenic landscapes, surfing in Malibu, or strolling the streets of San Francisco, California offers a lifestyle that is as diverse as its people. Let Military Home Spot Lending help you find your perfect home in this incredible state.
Major California Cities
California's "Biggest Cities" section highlights the state’s largest and most influential urban centers, each offering a unique blend of culture, economy, and opportunity. From the tech innovation of San Jose to the entertainment capital of Los Angeles and the cultural landmarks of San Francisco, these cities drive California’s growth and define its identity. This section provides insight into the bustling urban life that makes California a magnet for residents and visitors alike.
Quick Links To Other City Pages
Veteran Benefits in California
California offers veterans a comprehensive range of benefits that make homeownership, education, and employment more accessible. With tax exemptions, special loan programs, and recreational discounts, veterans in California can take advantage of numerous opportunities that honor their service.
-
California Veterans Homes
California has eight veterans homes, providing essential care and support for veterans in need. These homes are located in various cities, including Barstow, Chula Vista, Fresno, Lancaster, Redding, Ventura, West Los Angeles, and Yountville. Eligibility requirements may vary, and disabled or homeless veterans needing long-term care may qualify regardless of age.
-
California Veteran Financial Benefits
California offers a range of financial benefits to veterans, including income tax exemptions for active-duty personnel stationed outside the state, property tax exemptions for disabled veterans, and low-interest CalVet home loans.
-
California Veteran Employment Benefits
Veterans receive preference in state hiring, with additional points added to civil service exams. Spouses of disabled veterans may also qualify for employment preference.
-
California Veteran Education Benefits
California waives tuition and fees at state colleges and universities for dependents of disabled or deceased veterans through the College Fee Waiver program.
-
California Veteran Recreation Benefits
California veterans receive discounts on hunting and fishing licenses, and free access to state parks for veterans with service-connected disabilities.
-
California Veterans' Preference in Employment
Veterans and their spouses are given preference in state employment opportunities, with additional points applied to qualifying exam scores.
-
California Disabled Veteran Property Tax Exemptions
Disabled veterans are eligible for property tax exemptions on their primary residence. The exemption amount depends on income level and disability rating.
-
California Educational Benefits for Veterans and Dependents
Veterans and eligible dependents may receive tuition waivers at California community colleges, state universities, and UC campuses.
-
California Licensing Benefits for Veterans and Spouses
California offers expedited professional licensing and fee waivers for veterans and their spouses entering various professions.
-
California State Park Discounts for Veterans
Honorably discharged veterans receive discounted access to California state parks. Veterans with service-connected disabilities may receive free lifetime passes.
California's Military Presence
California plays a vital role in national defense, housing numerous prominent military installations across the state. From the desert training grounds at Twentynine Palms to the naval bases of San Diego, these facilities are key to military readiness, technological advancements, and national security. California’s diverse landscape and expansive coastline make it essential for strategic operations, advanced weapons testing, and air and sea training exercises.
- Naval Base San Diego: The largest surface ship base of the U.S. Navy, supporting fleet operations in the Pacific.
- Marine Corps Base Camp Pendleton: A major West Coast base providing amphibious assault training and housing the 1st Marine Division.
- Edwards Air Force Base: Known for flight testing and aerospace innovation, Edwards AFB plays a key role in advancing Air Force technology.
- Naval Air Station Lemoore: The Navy's primary West Coast base for carrier-based strike aircraft.
- Vandenberg Space Force Base: A key site for space launches and missile testing, supporting national security space operations.
- Fort Irwin: Home to the National Training Center, where large-scale training exercises prepare soldiers for deployment.
- Beale Air Force Base: A hub for reconnaissance and surveillance missions, supporting the U-2 and RQ-4 Global Hawk aircraft.
- Travis Air Force Base: A vital airlift hub for military logistics and humanitarian aid, operating the C-17 Globemaster and KC-10 Extender.
- Naval Weapons Station Seal Beach: A key site for munitions storage and distribution supporting the Pacific Fleet.
- Los Angeles Air Force Base: Headquarters of the Space Systems Command, overseeing space-based defense programs.
- Coast Guard Base Los Angeles-Long Beach: Plays a critical role in maritime law enforcement and search and rescue operations along the West Coast.
- Marine Corps Air Ground Combat Center Twentynine Palms: The largest U.S. Marine Corps base, specializing in live-fire training and large-scale exercises.
- Naval Postgraduate School Monterey: An advanced educational institution for military officers pursuing defense and security-related degrees.
- Fort Hunter Liggett: A U.S. Army Reserve training facility used for joint-force readiness and combat support missions.
VA Loans in California
VA Home Loan Volume in 2024 in California*
Total Loans |
19,983 |
Average Loan Amount |
$589,627 |
Total Loan Amount (ALL) |
$11,782,509,607 |
Total Purchase Loans |
13,531 |
Total Purchase Loans % |
67.71% |
Total IRRRL Loans |
2,908 |
Total IRRRL Loans % |
14.55% |
Total Cash-Out Loans |
3,544 |
Total Cash-Out Loans % |
17.74% |
*Data pulled from the Department of Veterans Affairs.
California VA Loan Requirements
VA loan requirements in California align with those in other states, with specific eligibility criteria related to your service time and general requirements, such as fees and residency obligations.
To qualify for a VA loan, you typically need to meet one of the following service requirements:
- 90 days of active service during wartime
- 181 continuous days of active service during peacetime
- 6 or more years of service in the National Guard or Reserves
- Unremarried surviving spouse of a servicemember who died in the line of duty or due to a service-related disability
In addition to these service requirements, VA loans have other conditions, including:
- Funding Fee: A one-time fee that helps cover the cost of the loan, which varies based on the down payment amount and military category. Some borrowers may qualify for a reduced fee or an exemption.
- Occupancy Requirement: Borrowers typically need to occupy their new home within 60 days of purchase, with some exceptions.
- Primary Residence Use: VA loans must be used for the borrower’s primary residence, not for investment properties or second homes.
California also has specific property requirements:
- Seismic Safety Requirements: Homes in certain regions may need to meet earthquake safety standards and retrofitting.
- Licensed Installer for Manufactured Housing: New or proposed manufactured homes must be installed by a licensed installer.
Each lender may have their own set of qualification requirements, so it’s essential to speak with your Loan Officer for detailed guidance.
California VA Loan Limits
VA loan limits in California can vary by county and change annually based on the housing market. Most counties in California adhere to the standard VA loan limit of $766,550 for a single-family home. However, high-cost areas like Los Angeles, San Francisco, and Santa Clara counties have higher limits, reaching up to $1,089,300.
It’s important to note that VA loan limits do not cap the amount you can borrow, but rather determine how much of the loan can be covered with no down payment. When you have full entitlement, you can borrow as much as your lender allows without a down payment, as long as it’s within the county’s loan limit.
VA Loan Entitlement in California
VA loan entitlement represents the amount the VA will guarantee to the lender if the borrower defaults. There are two types of entitlement:
- Full Entitlement: When you have full entitlement, you can borrow up to 25% of the loan amount without a down payment. This entitlement makes VA loans attractive by reducing risk for lenders and offering favorable terms.
- Remaining Entitlement: If you’ve already used part of your entitlement, the VA will guarantee 25% of the county loan limit minus the amount of entitlement already used. This may require a down payment.
Your entitlement is a lifetime benefit that can be reused, subject to certain conditions. Consult your Loan Officer for more details on how entitlement works and how it impacts your loan options.
VA Loan Rates in California
Mortgage rates for VA loans fluctuate based on various factors, including economic conditions and individual borrower characteristics like credit score. VA loans generally offer lower interest rates than other loan types due to the government guarantee.
Types of VA Mortgage Programs in California
- VA Purchase Loan: Available with both fixed and adjustable rates, ideal for borrowers seeking consistent payments or those who anticipate relocation within a few years.
- VA Cash-Out Refinance Loan: Allows borrowers to refinance up to 100% of their home’s value, even from non-VA loans, to access cash for various needs.
- VA Streamline Refinance Loan: Also known as the VA Interest Rate Reduction Refinance Loan (IRRRL), this option offers a simplified refinance process with potential for lower rates and payments.
How to Get a VA Loan in California
To apply for a VA loan in California, follow these steps:
- Apply for a Certificate of Eligibility (COE): This document verifies your eligibility for a VA loan. Your Loan Officer will assist you in gathering the necessary information.
- Choose the Right Loan: Work with your Loan Officer to determine the best VA loan option for your needs.
- Find a Home: Your lender may refer you to a Real Estate Agent to help find and negotiate a purchase agreement for your home.
- Home Appraisal: Your Loan Officer will arrange for a property appraisal by a VA-assigned appraiser.
- Loan Approval and Closing: If your lender is VA-authorized, they can approve and close your loan without needing separate VA approval.
Once these steps are completed, you’ll be ready to close on your new home and enjoy the benefits of a VA loan in California.
Real Estate in California
California's real estate market is one of the most dynamic and competitive in the country. From luxury homes in Los Angeles to tech-driven growth in Silicon Valley and affordable suburban communities in Sacramento, the state offers diverse opportunities for homeowners. With no state income tax on military pensions and significant veteran property tax exemptions, California remains an attractive location for veterans and their families. Whether you're looking for coastal living, mountain retreats, or urban dwellings, California’s real estate landscape offers something for everyone.
Median Sale Price of Homes in California*
Los Angeles |
$1,010,000 |
San Diego |
$930,000 |
San Jose |
$1,455,000 |
San Francisco |
$1,400,000 |
Fresno |
$407,000 |
Sacramento |
$480,000 |
Long Beach |
$826,000 |
Oakland |
$805,000 |
Bakersfield |
$410,000 |
Anaheim |
$896,000 |
California Statewide Average |
$829,700 |
---|
*Data sourced from Redfin (January 2025)
Frequently Asked Questions
Find answers to common questions about Military Home Spot Lending and our services. Can't find what your need? Get in touch with us.
A VA Loan is a mortgage designed for veterans, active-duty service members, and some surviving spouses. The VA has specific service requirements to qualify. Want to check if you’re eligible? Click here to find out.
It’s easier than you might think! First, you’ll need your Certificate of Eligibility (COE), and then you can connect with a VA-approved lender like us. We’ll guide you through the rest. Get started here.
VA Loans come with some great benefits—no down payment, no private mortgage insurance (PMI), and competitive interest rates. They also offer more flexible credit requirements. Want to learn more? Click here.
Absolutely, we have multiple branches in California and extensive knowledge of the VA Loan process in the state. You can connect with our Los Angeles team or our San Diego team. To get started, click the links above.
There may be a funding fee and some closing costs, but these can often be negotiated. We’re here to help you understand what to expect. Get the details here.
The amount you can borrow depends on where you live, as VA loan limits vary by county. Curious about how much you might qualify for? Learn more here.
Yes! VA Loans are known for being more forgiving with credit scores, though a lower score might mean a higher interest rate. Want to know how you can still qualify? Find out more here.
You’ll need to live in the home as your primary residence, and typically, you must move in within 60 days of closing. Need more info on this? Click here.