VA Loans · My Mortgage Company
VA Home Loans for Bakersfield Veterans
You served your country. Now use the benefit you earned — $0 down, no monthly mortgage insurance, and some of the most competitive rates available.
VA Loan Advantages
Why Choose a VA Loan?
No Down Payment
0% down for eligible veterans, active-duty service members, and surviving spouses. No jumbo down payment requirements either, in many cases.
No Monthly Mortgage Insurance
Unlike FHA and conventional loans with less than 20% down, VA loans have no monthly PMI or MIP — saving you $100–$300+ per month.
Competitive Rates
VA loans consistently offer some of the lowest interest rates available because the VA guaranty reduces lender risk.
Unlimited Use
Your VA entitlement can be used multiple times. You can have more than one VA loan in some circumstances, and the benefit does not expire.
Eligibility
VA Loan Requirements
VA loans are reserved for those who have served. If you meet the service requirements, the VA guaranty makes qualification significantly easier than conventional programs.
- Eligible service: veterans, active-duty, National Guard/Reserves (with qualifying service), surviving spouses
- Certificate of Eligibility (COE) required — we can help you obtain it
- Primary residence only — investment and vacation properties do not qualify
- Minimum credit score: 580+ (lender minimum; VA has no official minimum)
- VA funding fee: 1.25%–3.3% of loan amount (waived for disabled veterans)
- Residual income requirements must be met (varies by family size and region)
- Property must meet VA Minimum Property Requirements (MPRs)
Common Questions
VA Loan FAQ
Who is eligible for a VA loan?
VA loan eligibility extends to active-duty service members, veterans with honorable discharge, National Guard and Reserve members with qualifying service (typically 6 years or 90+ days active duty), and surviving spouses of service members who died in the line of duty or as a result of a service-connected disability.
What is the VA funding fee and who is exempt?
The VA funding fee is a one-time payment (1.25%–3.3% of loan amount) that helps fund the VA loan program. It can be rolled into the loan. Veterans with a service-connected disability rating of 10% or more, surviving spouses of veterans who died in service or from a service-connected disability, and active-duty Purple Heart recipients are exempt from the funding fee.
Can I use a VA loan more than once?
Yes. VA entitlement is not a one-time benefit. As long as you have remaining entitlement (or you restore entitlement by selling the previous VA-financed property), you can use a VA loan again. Some veterans can even have two VA loans simultaneously.
Is there a VA loan limit in Bakersfield, CA?
As of 2020, there is no longer a VA loan limit for borrowers with full entitlement. You can borrow as much as a lender is willing to lend without a down payment. If you have reduced entitlement (because of an active VA loan), limits may apply.
Use Your VA Benefit Today
Omar will help you obtain your Certificate of Eligibility and guide you through the VA loan process from start to close.
My Mortgage Company, Inc. · CA DRE #02168831 · NMLS #2269164 · Broker: Omar L. Ortiz, NMLS #951384, DRE #02056548. Loans subject to credit approval. VA loans are available to eligible veterans, service members, and surviving spouses. VA funding fee applies unless exempt. All figures, rates, fee ranges, and examples shown on this page are for informational purposes only and are not a guarantee of rates, fees, loan terms, or qualification. This is not a commitment to lend.