VA Loans:
- The United States Veterans Administration offers up to 30 years financing to veterans for homes to purchase or refinance. VA mortgage loans are issued by VA approved lenders and are guaranteed by the United States Veterans Administration. A veteran can find out their eligibility through the VA or by a VA approved lender. It’s usually easier to qualify for VA loan than a Conventional Loan. Interest rates are typically lower as well.
- Here’s how it works:
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- All branches of military are eligible including Marines, Army, Navy, Air Force, National Guard, Coast Guard, Reserves, Active Duty or Retired
- 100% financing without private mortgage insurance or 20% second mortgage. By eliminating private mortgage insurance will result in a lower monthly payment.
- A VA funding fee of 0 to 3.33% (this fee may be added to your loan amount) of the loan amount is paid to the VA. First time users pay as low as 2.15% VA funding fee. Disabled Vets may be exempt from the VA funding fee.
- When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
- When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.
- We need your DD214 to obtain your Certificate of Eligibility
- Even though, we offer VA Home Loans in Fresno CA, Clovis CA, Madera CA, and Sanger CA, we’re able to serve the entire state of California. Please contact me for a free, no obligation consultation. Apply Now for a Free Pre-Approval.
