There is a “right program” for every mortgage borrower, but for many, the VA loan stands apart for its combination of low rates, lenient underwriting and secondary benefits.
Backed by the U.S. Department of Veteran Affairs, VA loans are designed to help active-duty military personnel, veterans and certain other groups become homeowners at an affordable cost. A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified 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.
The VA loan asks for no down payment, requires no mortgage insurance, allows flexible guidelines for qualification among its many other advantages.
We are a leading provider of VA loans for communities like Exeter, Farmersville, Lindsay, Strathmore, Three Rivers, Woodlake and many more. For more information on VA or to be qualified contact me at 559.816.3985 or fill the quick form out to the right.
Advantages of VA Loans
No Down Payment
Of the many advantages, the most cited is the ability to obtain 100 percent financing without having to spend years saving for a down payment. Like USDA loans, this is one of the last remaining $0 down payment mortgage options out there.
No Mortgage Insurance
Typically, lenders require you to pay for mortgage insurance if you make a down payment that’s less than 20 percent. This insurance, which is known as private mortgage insurance (PMI) for a conventional loan and a mortgage insurance premium (MIP) for an FHA loan, protects the lender in the event that you default on your loan.
VA Loan Limits
The maximum VA Loan in 2019 for Kern, Kings, Fresno and Tulare Counties is $484,350.
Apply For A VA Loan
A VA loan is a great option for current active duty or military veteran. We are a leading provider of VA loans for communities like Exeter, Farmersville, Lindsay, Strathmore, Three Rivers, Woodlake and many more. For more information on VA or to be qualified contact me at 559.816.3985 or fill the quick form out to the right.