VA Loans
Are you a Veteran looking to finance your new home? We're glad you found us, because we are a VA Automatic Lender with an In-House VA underwriter, which means that we have the capability to save you time by approving your loan right away and close as quickly as you need.
The Department of Veterans Affairs (VA) is a Federal agency that guarantees the loans offered to qualified Veterans.
Benefits:
- No Down Payment Required - 100% Financing
- No monthly PMI (Private Mortgage Insurance)
- The Seller may pay up to 4% of the sales price towards any of the Veteran's closing costs and prepaid items
- Liberal limits on debt-to-income ratios
- The “Government Loan Fees” that constitute the “Seller Loan Cost Limit” on the real estate contract for VA borrowers equals $699 ($399 Underwriting Fee & $300 Title Settlement Fee). The Seller pays these fees on behalf of the Veteran Buyer.
- Streamline Refinances are available - this allows borrowers to refinance with limited income and asset documentation and no appraisal.
- Cash out refinances allowed up to 100% of the appraised value