VA home loans are mortgage loans guaranteed by the Veterans Administration provided to veterans, active service members, and eligible surviving spouses. Aside from the veteran’s certificate of eligibility and the VA-assigned appraisal, the application process is fairly similar to other types of mortgage loans. Main Advantages of VA loans:
No down payment required as long as the sales price does not exceed the appraised value
Closing costs may be paid by the seller
VA interest rate is frequently lower than ordinarily available rates
Qualification standards are more relaxed
VA loans can be refinanced up to 90% of the home value
VA funding fees may be rolled into the loan amount
Disabled veterans and their surviving spouses are exempt from paying funding fees
I really love my lender. They were there – every step of the way… I felt like they cared and I was on the ball with all the requests and docs needed. I really think this was the best thing for me – getting my refinancing in order so I can get a lower payment and best of all, all the costs were shown to me up front with no surprises. So perfect.
Finally I found HELP
I had a weird situation. I was just about to go back into the service, and I needed a home for my family. I Love My Lender helped me get into a VA loan, with no down payment, and things couldn’t be better.
Truly the best experience.
I didn’t think it was possible to truly love my lender – but there you have it. Fast, responsive, friendly and knowledgeable – Barry and his associates helped me through every single step of the process. Thank you!!