Welcoming Veterans Home – One Mortgage At A Time
Our team is proud to help our Service Members and Veterans learn more about their lending options and benefits. Thank you for your valiant service. It is truly an honor to help you.
For Starters, What Is A VA Loan?
VA Loans are home loans that have been backed by the Department of Veterans Affairs (VA). These loans provide affordable home financing options for eligible Service Members, Veterans and surviving spouses. VA loans are designed to add additional flexibility to the lending process.
What’s So Special About A VA Loan?
- No required down payment*
- Lower closing costs
- Allows borrowers to keep their savings secure
- No prepayment penalties
- No private mortgage insurance (PMI)
- 100% financing with full VA entitlement*
- Fixed- and adjustable-rate mortgages
- Combine VA financing fees into the total loan amount
- Eligible property types can include both townhomes and VA-approved condos
A down payment can be required is a borrower does not have full VA entitlement or the loan amount is over 510,400.00
How do lenders determine VA Loan eligibility?
In order to be eligible for a VA loan, there are a few requirements that must be met by the borrower. First, the borrower must obtain a valid Certificate of Eligibility (COE). A COE is based on length of service or service commitment, duty status and character of service. The length of service is evaluated. Qualification have changed over time. Please contact our team today for the latest requirements. A widowed spouse of a veteran MAY qualify under certain circumstances as long as she has not remarried
VA Loan Programs
- Adjustable-rate Mortgage
- Fixed-rate Mortgage
- Cash-out Refinance
- Interest Rate Reduction Refinance Loan
If you are interested in learning more about a VA loan or wondering about your eligibility, please contact us today!