VA Home Loans

VA Home Loans

The Veteran’s Administration (VA) allows the borrower to fiancé up to 100% of the purchase price (if the value is supported) of their primary home and allows the seller to pay up to 4% seller concessions.

VA home loans are a powerful tool for purchasing or refinancing home mortgages and generally offer low interest rates, easier qualification standards, less strict credit and income standards and no prepayment penalties.

Benefits of VA purchase
  • Fixed-rate mortgage (10, 15, 20, 25 and 30-year terms)
  • Adjustable-rate mortgages (5-year ARM, interest rate adjust 5 years from the note date)
  • Seller can pay up to 4% seller concessions
  • Nontraditional credit allowed
  • Manufactured double wide homes
  • High Balance loans
Benefits of VA refinances
  • 100% financing on cash out refinances
  • Interest rate reduction with no appraisal and credit requirements

If you’re a veteran, currently on active duty, a National Guard or Reserve member you may be eligible for a VA loan. An unmarried surviving spouse of a veteran who died on active duty or later from service-connected causes may also be eligible for the home loan benefit.

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