Monterey County, California VA Home Loan Information

Table of Contents

FAQ

What is the VA Loan Limit?

2021 VA Home Loan Limit: $0 down up to $5,000,000* (Subject to lender limits) /2 open VA loans at one time $739,450* (Call 888-573-4496 for details).

How to Apply for a VA Home Loan?

This is a quick look at how to apply for a VA home loan in Monterey County. For a more detailed overview of the VA home loan process, check out our complete guide on how to apply for a VA house loan. Here, we’ll go over the general steps to getting a VA home loan and point out some things to pay attention to in Monterey County. If you have any questions, you can call us at VA HLC and we’ll help you get started.

  1. Get your Certificate of Eligibility (COE)
    • Give us a call at (877) 432-5626 and we’ll get your COE for you.
  2. Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
  3. Get pre-approved, to get pre-approved for a loan, you’ll need:
    • Previous two years of W2s
    • Most recent 30 days paystubs or LES (active duty)
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
  4. Find a home
    • We can help you check whether the home is in one of the Monterey County flood zones
  5. Get the necessary inspections
    • Termite inspection: required
    • Well or septic inspections needed, if applicable
  6. Get the home appraised
    • We can help you find a VA-Certified appraiser in Monterey County and schedule the process
    • Construction loan note: Construction permit/appraisal info
      1. Building permit
      2. Elevation certificate
  7. Lock in your interest rates
    • Wait until the appraisal lock in your loan rates. If it turns out you need to make repairs, it can push your closing back. Then you can get stuck paying rate extension fees.
  8. Close the deal and get packing!
    • You’re ready to go.

What is the Median Home Price?

As of March 31, 2021, the median home value for Monterey County is $693,107. In addition, the median household income for residents of the County is $71,015.

How much are the VA Appraisal Fees?

  • Single-Family: $600.
  • Individual Condo: $600.
  • Manufactured Homes: $600.
  • 2-4 Unit Multi-Family: $850.
  • Appraisal Turnaround Times: 7 days.

Do I need Flood Insurance?

  • The VA requires properties are required to have flood insurance if they are in a Special Flood Hazard Area.
  • In Monterey County, most of the flood zones are in the coastal areas. Nonetheless, your real estate agent can help you check if a specific property is in a flood area.

How do I learn about Property Taxes?

  • Stephen L. Wahnini is the tax assessor for Monterey County. His office is located at 168 West Alisal Street, 1st Floor, Salinas, California 93901 and at (831) 755-5035.
  • Veterans, owner-occupiers, and senior citizens may be eligible for property tax relief. You can find out whether you qualify through the county assessor. In addition, the Assessor’s Office can do re-appraisals to determine property values.

What is the Population?

  • The County’s population of 434,061 is 59% Hispanic, 29% White, and 6.7% Asian.
  • Most county residents are between 18 and 65 years old, with 26% under 18 years old and 14% older than 65.
  • In total, the County has about 127,155 households, with an average of 3.2 people per household.

What are the major cities?

There are a total of twelve cities, with Salinas serving as the county seat. The eleven other significant cities in the County are Carmel-by-the-Sea, Del Rey Oaks, Gonzales, Greenfield, King City, Marina, Monterey, Pacific Grove, Sand City, Seaside, and Soledad.

About Monterey County

Monterey County is located on California’s Central Coast. This region is known for its beautiful, cliffy coastline, which includes the world-famous Big Sur. There is also the Monterey Bay Aquarium, a pioneering public aquarium where you can see firsthand what’s lurking just offshore.

Further inland, farming communities lie in the shadow of the NAME mountains. Salinas, the county seat, is known as the “Salad Bowl of the World.” In addition, it is one of the world = leaders in the agricultural technology (AgTech) industry.

Monterey County combines rich local history, beautiful seaside landscapes, and active farming regions. It is a great place for people looking to get away from large cities or want to further their interests in agriculture and AgTech. It also has a large and welcoming veterans community.

Additionally, the County has plenty to offer for people who are sporty or love the outdoors. Northern California is the birthplace of mountain biking, and there are plenty of great single-track trails to explore. There’s also a bike path that runs up the California Coast.

If leisurely hikes and lying on the beach are more your pace, the Salinas River National Wildlife Refuge and Pinnacles National Parklet you take in the scenery at your speed. There is also great camping at Andrew Molera State Park.

In addition to its natural beauty, Monterey County is also a social hub. The annual county fair has excellent food, fabulous local art, and a spooky haunted mansion. Countless cultural and musical festivals take place throughout the County. Finally, there is the world-class local arts scene. Take one look at the Big Sur coastline, and you’ll see why it’s no surprise that some of the world’s best arts call Monterey County their home.

Veteran Information

The County is currently home to 16,874 veterans.

  • Military Bases
  • Monterey County is home to four VFW post:
    • Post 6849 Lt. Billy Paulsen Jr. Post – 90 5th Street, Spreckels, California 93962.
    • Post 811 Fort Ord Memorial Post – 694 Legion Way, Marina, California 93933.
    • Post 8679 Sea-Mont Memorial Post – 1996 Fremont Blvd. Seaside, California 93955.
    • Post 6747 Sgt. Frank Lillard Post – 599 Bitterwater Road, King City, California 93930.
  • VA Medical Centers in the County:
  • County Veteran Assistance Information
    • Monterey County Veteran Affairs Office – 1000 South Main Street, #209A, Salinas, California 93901.

Apply for a VA Home Loan

  • For more information about VA Home Loans and how to apply, click here.
  • If you meet the VA’s eligibility requirements, you will be able to enjoy some of the best government guaranteed home loans available.  
  • VA loans can finance the construction of a property. However, the property must be owned and prepared for construction as the VA cannot ensure vacant land loans.

VA Approved Condos

Name (ID): CONTINENTAL TOWNHOMES HOA (000255)
Address: 102-192 CASIDA CANYON DR

MONTEREY PARK CA 91754
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 04/05/2017
Review Completion Date: 06/07/2017

 Name (ID): COUNTRY CLUB GATE (000054)
Address: 

PACIFIC GROVE CA 93950
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 06/24/2012
Review Completion Date: 09/30/2012
Name (ID): CYPRESS PARK (000386)
Address: 820 CASANOVA AVE

MONTEREY CA 93940
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 04/22/2019
Review Completion Date: 05/01/2019

 Name (ID): EAST GARRISON MASTER HOA (000284)
Address: 13201 THOMAS LANE

EAST GARRISON CA 93933
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 08/30/2017
Review Completion Date: 09/06/2017
Name (ID): GOLDEN OAKS CONDOMINIUMS (008543)
Address: 

MONTEREY CA 93940
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 03/28/2010
Review Completion Date: 05/02/2010

 Name (ID): HACIENDA DEL SOL @ 70 FOREST (000102)
Address: 70 FOREST RIDGE

MONTEREY CA 93940
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 12/22/2013
Review Completion Date: 02/04/2014
Name (ID): HERITAGE GARDENS CONDOS (C00422)
Address: N MAIN ST

SALINAS CA 93906-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 02/01/2001
Review Completion Date: 02/16/2001

 Name (ID): KIMBERLY PLACE (008455)
Address: TRACT 1473

MONTEREY CA 93940
MONTEREY
Status: HUD Accepted
Request Received Date: 11/04/2009
Review Completion Date: 11/05/2009
Name (ID): KIMBERLY PLACE COMMUNITY ASSOC (000136)
Address: AKA FOOTPRINTS ON THE BAY

MONTEREY CA 93940
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 10/05/2014
Review Completion Date: 11/23/2014

 Name (ID): LAUREL GROVE RESIDENCE ASSOC (000322)
Address: 417 TYLER PLACE UNIT D

SALINAS CA 93906
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 03/20/2018
Review Completion Date: 05/22/2018
Name (ID): LIBERTY @ EAST GARRISON (000254)
Address: — MAP 1489//13201 THOMAS LANE

EAST GARRISON CA 93933
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 03/14/2017
Review Completion Date: 04/12/2017

 Name (ID): OCEAN FOREST CONDOS (C00426)
Address: 

MONTEREY CA 93940-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 01/01/1990
Review Completion Date: 01/02/1990
Name (ID): OCEAN HARBOR HOUSE HOA (000550)
Address: 125 SURF WAY

MONTEREY CA 93940
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 04/19/2021
Review Completion Date: 04/27/2021

 Name (ID): SHERWOOD LAKE (C00411)
Address: TRACT 866, PH. III

SALINAS CA 99999-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 11/05/1985
Review Completion Date: Unavailable
Name (ID): TANGLEWOOD (C01178)
Address: TRACT 639 & 738

MONTEREY CA 93940-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 07/15/1985
Review Completion Date: 07/15/1985

 Name (ID): THE OAKS OF DEL REY (C01294)
Address: TRACTS 1058, 1059, 1060

DEL REY OAKS CA 95113-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 01/03/1991
Review Completion Date: 01/03/1991
Name (ID): TRINITY TERRACE HOMEOWNERS (000470)
Address: 1198 TRINITY AVE

SEASIDE CA 93955
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 06/02/2020
Review Completion Date: 07/06/2020

 Name (ID): VILLAGE NORTH, TRACT 986 (C00432)
Address: AKA VILLAGE NORTH LAGOON

SALINAS CA 99999-0000
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 09/10/1984
Review Completion Date: 03/15/1995
Name (ID): VISTA DEL MAR CONDOMINIUMS (000229)
Address: 116 MAR VISTA DRIVE

MONTEREY CA 93940-6032
MONTEREY
Status: Accepted Without Conditions
Request Received Date: 08/27/2018
Review Completion Date: 09/09/2018

 For more information about the VA condo approval process, call us at (877) 432-5626.

California VA Loan Information

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Source: vahomeloancenters.org