WHY A VA LOAN?
VA FINANCING
-A GOOD DEAL FOR VETERANS
- No downpayment is required in most cases.
- Up to 100 percent financing
- Flexibility of negotiating interest rates with the lender.
- No monthly mortgage insurance premium to pay.
- Limitation on buyer's closing costs.
- Traditional fixed payments
- Mortgage is assumable
- No pre-payment penalty.
What can a VA loan be used for?
- To buy a home, or a condominium
- To build a home.
- To simultaneously purchase and improve a home.
- To refinance an existing home loan
- To buy a manufactured home and/or lot.
VA LOAN PRODUCTS
Refinance -
VA Streamline Refinance (for current VA borrowers)
VA streamline refinance is considered streamline because it reduces the interest rate on your current VA home loan quickly and often without an appraisal. This loan product also cuts down on the amount of paperwork that must be completed saving you valuable time and money.
NO - Appraisal
NO - Credit check
NO - Income verification
To qualify for a Streamline Refinance you must currently have a VA loan in good standing.
VA Refinance
Enjoy the flexibility and benefit of VA loan products even if you don't current have a VA loan. Lower your rate, lower your monthly payment.
When you refinance to a VA insured mortgage, you can expect a lower monthly mortgage payment.
Home Purchase Loans
There are many good reasons to buy a home with a VA loan:
- You are a first time home buyer
- You don't have money for a down payment
- You want the lowest possible monthly payment
- You are worried about qualifying for the loan
- You don't have perfect credit
VA loans have helped millions for Americans secure their dream of homeownership.
Lower Cost: VA rates are always competitive.
Easier Qualification: VA loans have terms that make it easier to qualify.
Credit Problems: You don't have to have perfect credit, even if you have had a bankruptcy, it's easier to qualify for a VA loan than a conventional loan.
