VA
The Va Loan Program was created to assist eligible members of the armed services obtain quality home loans. The loans are insured by the Veterans Administration and are widely considered a valuable military benefit. The VA qualification guidelines are flexible and no down payments are required.
VA Loans we offer:
- Fixed-Rate Mortgages: 30-year, 25-year, 20 year, 15 year
- Adjustable-Rate Mortgages: 5/1 ARM, 3/1 ARM
Features and Benefits of the VA Loan Program:
- 100% financing, no down payment required
- No monthly mortgage insurance premiums
- Lenient qualification guidelines allow for approval of higher loan amounts
- Less-than-perfect credit may be acceptable
- VA loans are assumable
- Any money needed for closing may come from a gift made by a relative
- Sellers may pay up to 6% of the sales price towards closing costs or to pay off personal debts of the veteran
- Cash-out refinances are allowed to 90% of the home’s value
VA loans are a great choice for borrowers who are entitled to the program and plan to make little or no down payment.
