Hello Frank, great, I grew up in Anaheim and am also a Veteran and love assisting Veterans. You would have to occupy the property to utilize a VA or CalVet purchase loan, then no problem. You can buy with minimal out of pocket expenses with a VA no no.
The 3-4 bd 2ba single family homes start from 442k in Fullerton. There are many lenders whom have minimum fico score requirements and additional overlays in which we have many banks including ones that go down to minimum 500 fico score.
Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.
You will need to gather your DD214, certificate of eligibility and other documents to qualify and obtain a pre-approval to get out shopping for a home of your choice.
If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment/price you are looking to achieve any agent can email listings to fit your search criteria. Your email address is needed to set you up for the automatic daily updates.
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran and VA or CalVet loan specialist
REO and Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
24+ Years Experience