Military Home Loans

Your options presented. Your questions answered.

Military Home Loans (VA Loans)

For eligible service members, veterans, and military spouses, you may be able to purchase a home with no down payment and at better rates. If you are currently service, or have previously served, learn about your loan options and what you need when applying for a mortgage.

Military Loans to Know

Old Town Lending is your resource for military home loans and financing options for homes in California. If you are a service member, veteran, or military spouse, here are different loan types that you should be aware of. We’ll also answer questions about eligibility, the benefits of VA loans, and other frequently asked questions.

Purchase Loan

Buying a home
using your benefits

VA home purchase loans help veterans buy a home at more competitive rates and under better terms. These purchase loans often have no down payment required and no need for private mortgage insurance (PMI) or mortgage insurance premiums (MIP). 



Interest Rate Reduction
Refinance Loan

The IRRRL is a refinancing option with a simplified approval process. You can potentially save a lot of money by refinancing with the IRRRL. Your existing VA loan can be refinanced through IRRRL and with it, you can get a lower rate, lower payment, or both. If your current VA loan is at an adjustable rate (meaning the rate can increase over time), with IRRRL you can move the loan to one that’s at a fixed rate. In order to be eligible for this loan, you must:

  • Already have an existing VA-backed loan
  • Be using IRRRL to refinance the VA-backed loan
  • Be living or have lived in the home covered by the loan
Cash Out Refi

Cash our your equity,
do more!

The VA cash-out let you refinance up to 100% of your home’s value, whether your loan is VA-backed or not. This unique loan allows service members and veterans access to a large amount of cash—up to your entire home’s equity—to cover large expenses such as school and medical bills, a car purchase, major home improvements, and more.

With the cash-out option, you can also convert or refinance your non-VA loan into a VA-backed loan for better rates. In order to be eligible for cash-out refinancing, you must meet the VA’s Certificate of Eligibility requirements, credit & income standards, and you must also live in the home you’re refinancing.

Military (VA) Home Buyer FAQs

Why Choose Old Town Lending

You have many lending options; however, you owe it to yourself to learn why
Old Town Lending may be the better option.


Customer Service

Never left wondering. Receive concierge-level service from application to pre-qualification to closing of escrow. Empowering you is our goal.


Rapid Response

Don't let that perfect home slip away. You need a pre-approval and loan right away, and you have came to the right place. We are real estate brokers too, we understand.


Save Money

Mortgage brokers have access to wholesale rates, which are much cheaper than retail bank rates, ultimately meaning a lower monthly mortgage payment.


Personal & Local

No longer are you just a number lost in the shuffle of big banks. Located in your home state, you will be guided each step of the way.


Right Fit from the Start

With our endless lending programs, we will find the right loan and best terms for you. Think of it as a completely customizable experience.


Experience You'd Expect

When working with a broker in real estate and mortgage, you are sure to receive a well-rounded client-centered experience you'd come to expect.

Helping You Buy on Your Own Terms

You owe it to your self to explore our hassle-free mortgage options at low and affordable rates.