30-Year VA Purchase

The Veterans Administration Backed Loan, commonly known as the “VA Loan”, provides a guarantee for the private lenders and banks that are approved to fund VA loans. This guarantee from the VA allows private mortgage companies and banks to lend in situations where they normally would not as well as offer terms more favorable than they normally would on an equivalent conventional loan. Click here for more information: https://www.va.gov/housing-assistance/home-loans/loan-types/.

Benefits of the VA Loan include: No money down on purchase loans. Refinance loans up to 100% of the home’s value. Cash-out on refinance up to 100% of the home’s value. No Private Mortgage Insurance (PMI) even on 100% financing. Financing available two years after bankruptcy discharge. Excellent terms even with below-average credit scores. Reduced title and escrow fees.

The VA Funding Fee: This fee is often misunderstood and mistaken for some type of lender junk fee, but the lender gets not one penny of this fee. The funding fee is a charge that is paid to the Veterans Administration out of the loan proceeds - the veteran does not need to pay out of pocket. The funding fee is what makes the loan program possible because relatively few taxpayer dollars are being used to support the program. The funding fee is essentially veterans helping other veterans, and it also provides a shield against the efforts of selfish politicians who might attack the program. The funding fee is waived for veterans who are receiving 10% or more VA disability. Click here for more information on the funding fee: https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/.

VA Certificate of Eligibility: I am approved with Veterans Administration and have access to pull up your certificate of eligibility online in a matter of minutes. Click here for more eligibility Information: https://www.va.gov/housing-assistance/home-loans/eligibility/

I am a veteran, my father was a veteran, and my grandfather was a veteran. I am honored to help educate and provide this loan program for other veterans. Please contact me with any questions.