VA Loans

The VA mortgage loans are one of the best and safest methods to use when buying a home. Now even active duty personnel can qualify. If you are a disabled veteran, you may qualify for additional benefits on a VA home mortgage loan. The VA Home Mortgage Program does not limit the number of times a veteran may use the program. The VA mortgage loans extend to not only the Army, Navy, Air Force, and Marines, but also to Reservists and National Guardsmen.  It has also increased the eligibility for veterans and active duty personnel, and increased the benefits for disabled veterans.

Some of the benefits of the VA Mortgage Loan Program are: 

  •     The VA mortgage loan is guaranteed for no money down up 

  •     No monthly homeowner’s insurance is required

  •     Many VA mortgage loans are assumable

  •     It is easier to qualify for a VA Loan than a conventional loan

  •     VA mortgage loans can be refinanced

        

    You do not have to put any money down to qualify for a VA home mortgage loan  If the seller agrees to pay the closing costs, you may be able to purchase the home with no out-of-pocket costs. The loan and sales contract can be set up so that the VA home mortgage loan covers 100 percent of the selling price, and the seller covers the closing costs. While a VA home loan cannot be used to purchase property solely for investment purposes, such as a rental home, the Department of Veterans Affairs does allow a homebuyer to use the VA Loan on a residence that has one to four units – as long as the homebuyer certifies that they intend to occupy the home.You can have previously-used entitlement "restored" one time only in order to purchase another home with a VA loan if the borrower has paid off the prior loan but still owns the property, and wants to use his entitlement to purchase a second or vacation home. If you're a first time home buyer and not sure how to purchase your dream home or have questions about qualification, please call one of our Loan Officers today. We will take you step by step to purchase the dream home.

 
No Money Down Up With As Low As 580 Credit Score
 

We are helping veterans who had tough time in the past credit. We may able to help to purchase or refinance  a mortgage loan with 580 credit score. If you are concerned due to your credit score or denied by local bank or broker, please apply online today.

Assumable VA Mortgage Loans

 
VA loans are also assumable. If the person assuming the mortgage is a veteran with VA eligibility, the original veteran will not be giving up the amount of eligibility that they used to get the loan at the beginning. Veterans should use great care and closely investigate the terms of an assumption before allowing someone to assume their mortgage. It is too great a benefit to give up.

 

Qualifying for a VA Mortgage Loan

The VA offers excellent qualifying standards. The VA does not use credit scoring in the analysis of the loan. Even if you have experienced some financial difficulties in your life that caused your scores to be low, but have maintained a good payment record over the past year or so, you may qualify for a VA mortgage loan. This can have tremendous savings compared to the cost of conventional loans when the borrower's credit scores are low.

VA Mortgage Loans may be refinanced
 
VA mortgage loans have built-in features allowing a loan to be refinanced to a lower interest rate without all of the criteria normally associated with a conventional loan. This is called an Interest Rate Reduction Loan. The veteran can secure a lower interest rate without any credit checks, appraisal, and income or asset verification, and can roll the costs of the transaction into the loan so there are no out-of-pocket costs.

We salute all Veterans who have served our country. Thanks for your business.