A VA loan is a mortgage loan guaranteed by the Veterans Administration. A VA loan provides veterans and/or their surviving spouses who have not remarried, with a federally guaranteed home with zero down payment. The program has been highly successful and has helped millions of American veterans and their families acquire a home.
Advantages:
No down payment
Lower interest rate
VA does not require private MIP (Mortgage Insurance Premium)
Limit on the amount of origination fees and closing costs that the lender can charge
Limit also placed on appraisal fees
Features:
Borrower with eligibility remaining must have a Certificate of Eligibility from the VA
Closing costs can be paid by the lender and the seller
Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length
Contact One Of Our Helpful Mortgage Lenders Today!
Licensed In all States
Just fill out the quick form below and we’ll take it from there. Or call us during regular business hours. (Monday through Friday, 8:30AM-5:30PM)