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 $598,000* (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 Yolo 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 Yolo County. If you have any questions, you can call us at VA HLC and we’ll help you get started.
- Get your Certificate of Eligibility (COE)
- Give us a call at (877) 432-5626 and we’ll get your COE for you.
- Are you applying for a refinance loan? Check out our complete guide to VA Refinancing.
- 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
- Find a home
- We can help you check whether the home is in one of the Yolo County flood zones
- Get the necessary inspections
- Termite inspection: required
- Well or septic inspections needed, if applicable
- Get the home appraised
- We can help you find a VA-Certified appraiser in Yolo County and schedule the process
- Construction loan note: Construction permit/appraisal info
- Building permit
- Elevation certificate
- 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.
- 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 Yolo County is $517,204. In addition, the median household income for residents of the County is $70,228.
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 Yolo County, flood hazards are located around Cache Creek and South Fork Willow Slough.
How do I learn about Property Taxes?
- The Yolo County tax assessor’s office is at 625 Court Street, Room #104, Woodland, California 95695, and by calling (530) 666-8135.
- The state of California offers incentive programs that expand statewide for new, growing, and relocating businesses. Two of these programs are the California Competes Tax Credit which offers qualifying businesses with a tax credit, and the New employment Credit which offers a tax credit for taxpayers who hire full-time employees. Furthermore, the state offers several other incentives.
What is the Population?
- As of 2019, Yolo County’s population is 220,500, grown by about 9.8% within the last decade. Demographically speaking, the County’s population is 46% White, 31% Hispanic, and 15% Asian.
- Most county residents are between 18 and 65 years old, with 20% under 18 years old and 12% older than 65.
- In total, the County has about 74,296 households, with an average of 2.8 people per household.
What are the major cities?
The County has four cities, including the city of Woodland, which serves as the county seat. The three other cities in the County are Davis, West Sacramento, and Winters.
About Yolo County
Yolo County is a primarily rural county in the Sacramento Valley. However, Yolo bumps up on the edge of the city of Sacramento. This means that you can find larger cities like Davis and West Sacramento in the eastern part of the County.
Whether you want a quiet country life or to make your home in a busy city, Yolo County is a great place to find affordable housing. Woodland has plenty of affordable apartments and townhomes. West Sacramento is an affordable alternative to California’s capital city –and still an easy commute into downtown Sac.
If education is essential to you, Davis is the place to be. It’s not only home to the University of California, Davis –it also has excellent K-12 education. In addition, Davis has low crime rates and plenty of green space. Both kids and adults will appreciate being able to run, bike, and walk throughout Davis.
The main business in Yolo County takes place in its rural areas. Yolo county does about 90% of American tomato processing. In addition to farming, Yolo County is one of the leaders in agricultural technology, veterinary medicine, and biotech
Veteran Information
The County is currently home to 7,678 veterans.
- Yolo County is home to three VFW post:
- Post-1985 New Woodland Post – 345 West Kentucky Avenue, Woodland, California 95695.
- Post 9498 Bryte Memorial Post – 1708 Lisbon Avenue, West Sacramento, California 95605.
- Post 8762 West Sacramento Post – 905 Drever Street, West Sacramento, California 95691.
- County Veteran Assistance Information
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): OLYMPIC COTTAGES (007596) Address: DAVIS CA 95616 |
| Name (ID): SEE CONDO ID 007821 (007921) Address: XXXXXXXX XXXXXXXXXXXXXXX CA 99999 |
| Name (ID): SOUTHFIELD PARK (C00922) Address: DAVIS CA 99999-0000 |
| Name (ID): THE COTTAGES @ MACE RANCH (C01193) Address: PH. 1-4, TR. 4198 & 4199 DAVIS CA 95616-0000 |
| Name (ID): THE REGATTA AT THE RIVERS (007821) Address: WEST SACRAMENTO CA 95605 |
| Name (ID): THE RIVERS COMMUNITY ASSOCIATI (000090) Address: PASEO DE COLINAS & CABOT ROAD WEST SACRAMENTO CA 92677 |
| Name (ID): THE VILLAS AT EL MACERO (000456) Address: 27135 MACE BLVD EL MACERO CA 95618 |
Links
California VA Loan Information
VA Loan Information by State
Source: vahomeloancenters.org