VA Renovation Loan Calculator – Estimate Your Budget in California

Sample 1: Standard California Home

Sample 2: High-Cost Area (Los Angeles, Bay Area)

Sample 3: Budget-Friendly Area (Central Valley, Inland Empire)

1. Total Loan Amount
Enter the home price and repair cost to see your combined loan amount.
Example:
Home price $500,000 + renovation cost $60,000 = $560,000 total loan
2. Monthly Payment Estimate
The calculator shows how much your payment may be based on the loan amount and rate.
Typical VA renovation loan rates in California: 5.75% – 6.80%
3. Renovation Budget Impact
You can adjust the renovation amount to see how much your payment increases.
Example:
Adding $25,000 in repairs may increase the payment by $140 – $170 per month.
4. Interest Cost Over Time
The calculator can show how much interest you may pay if you choose a 15-year or 30-year loan.
5. Funding Fee Estimate
Most VA loans include a funding fee unless you are exempt.
Estimated funding fee ranges:
First-time use: 1.25% – 1.50%
After first use: 1.40% – 1.75%
Disabled veterans: 0%
6. Income-Based Affordability
The calculator can show how much home you can afford based on your income.
Most lenders prefer:
Debt-to-income under 50%
Credit score 580 – 600 and above

California has older homes, higher repair prices, and competitive markets. Many homes need upgrades before moving in. A VA renovation loan helps you:
- Buy and repair the home with one mortgage
- Avoid paying cash for repairs
- Finance upgrades like kitchen, roof, paint, flooring, HVAC
- Skip monthly mortgage insurance
- Use flexible credit and income rules
- This loan helps veterans buy affordable homes in California cities including San Diego, Sacramento, Fresno, Riverside, Los Angeles, and more.

- Roof repair or replacement
- Flooring or kitchen upgrades
- Plumbing or electrical repair
- Heating or cooling replacement
- Bathroom renovation
- Windows, doors, drywall
- Accessibility updates
- Energy-efficient improvements
- Luxury upgrades like pools usually do not qualify.