VA Loan, Home Loan, and mortgage refinancing information may be accessed by checking out the sites below. Although the home financing market is suffering through a rough patch, many first time homebuyers would be surprised to learn about the options they have in purchasing their home.
It is often confusing for many people, but you will be able to learn how to use these various programs to help you achieve financial success by maximizing the return on your home investment and by reducing your debt.
At VA Mortgage Center.com, we specialize 100% on VA Loans, which carry these VA benefits for qualifying Veterans and activy duy members of the armed forces:
| VA loans require no down payment- A typical conventional mortgage requires at least some sort of down payment and in many cases 20% of the purchase price is requested. . |
| No Private Mortgage Insurance (PMI) - A conventional mortgage not including at least a 20% down payment carries private mortgage insurance. This monthly fee is a risk-based, pro-rated charge determined by the down payment amount. This fee does not apply toward your principal or interest and simply dumps into the bank’s depository. VA loans never require PMI. |
| Excellent rates – Due to the fact that you are eligible for a VA loan and once you qualify for a loan, you are guaranteed the most competitive rates when you sign a contract, regardless of your credit score. |
| Lower credit & asset requirements – The VA loan is not a credit score driven product. Your credit does need to be properly managed but there are many more opportunities for a veteran to qualify with lower credit scores. Our loan officers can help to structure your loan so that very little savings will be required to qualify. |
| Insured by the government – Due to the fact that the government insures your loan with the lender, your loan is considered at a much lower risk threshold and the borrower always benefits. |
| If you are not a quaifying veteran, check out FHA financing and conventional mortgage options. |