VA Mortgage Options

WE HAVE A MORTGAGE SOLUTION FOR YOUR UNIQUE SITUATION

HOMEOWNERSHIP. YOU’VE EARNED IT.

Up to 100% Financing Options

The Department of Veterans Affairs can guarantee up to 100% financing options with a VA mortgage to eligible veterans, reservists, personnel on Active Duty, members of the National Guard and their eligible spouses with adequate income, suitable credit, and a valid Certificate of Eligibility (COE).

The main requirement for an individual to qualify for a VA Mortgage is that the veteran occupies the property as his or her primary residence.

Benefits of VA Loans include:

  • There is no down payment.
  • You are not required to pay private mortgage insurance.
  • Competitive interest rates.
  • There is no credit score minimum, although VA lenders use your credit rating to just the risk of default.
  • You can take out a VA loan more than once in your lifetime.
  • You can pay off your VA loan early without worrying about a prepayment penalty.
  • You may be able to qualify for Basic Allowance Housing (BAH) to pay a portion or all of your mortgage expenses.
  • Some veterans may be exempt from any funding fee, depending on eligibility.

No down payment required, this is a true 100% financing loan.

 

Does not require monthly mortgage insurance. An upfront VA funding fee of 0 to 3.6% is financed into the loan.

Generally easier to qualify for than a conventional loan.

 

Want to see if you qualify for a VA loan? Call us and we will walk with you through the process!

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