VA Loan
- VA Mortgage Loan Program:
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Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified VA lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. VA mortgage options have become the most aggressive loan program in the mortgage industry and the only true 100% mortgage for purchase and home refinancing.
Apply for a VA Loan with a VA Qualified Lender.
Here's how VA home loans works:
- 100% VA financing without private mortgage insurance or a 20% adjustable rate second mortgage. Get approved for a no down-payment home loan with VA.
- VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
- VA Home Finance - When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
- Cash Out VA Refinancing - When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.
- VA Streamlines - The streamlines enable VA borrowers to refinance their mortgage at any time if the VA mortgage rates drop. There is no cash out allowed VA streamlines and no appraisal is required!
