VA HOME LOANS
VA Loan programs specialize in offers for military members. The loans are made only by VA-approved lenders and are backed by the Federal Government. Most veterans, active duty military personnel, surviving spouses and others are eligible for VA home loan benefits. VA purchase loans, Regular refinance loans (including cash-out), Streamline refinancing and mortgage assumption are available with competitive interest rates and flexible terms to meet almost every budget.
VA NO-NO: No Down Payment and No Closing Costs. VA purchased properties must meet VA minimum property standards.
Ask us how VA loans and non-VA loans can be refinanced with this no-hassle program.
· VA LOANS VS. FHA LOANS- VETERANS WHO ARE NOT ELIGIBLE FOR VA LOANS MAY QUALIFY FOR SIMILAR BENEFITS WITH FHA LOANS. THIS GOVERNMENT-BACKED MORTGAGE PROGRAM OFFERS LOW DOWN PAYMENTS AND COMPETITIVE INTEREST RATES. AS A DEDICATED LENDER OF GOVERNMENT-BACKED LOANS, WE OFFER VA AND FHA MORTGAGES TO BORROWERS WITH BEST OPTIONS AVAILABLE. VA LOANS ARE NOT FICO DRIVEN BUT SOME LENDERS MAY REQUIRE MINIMUM 620 FICO SCORE; HOWEVER OUR BANKS DON'T STRICTLY GO BY VA GUIDELINES. OUR BANKS ALSO FOLLOW FHA GUIDELINES WITH NO FICO SCORES OR MINIMUM 580 FICO SCORES.
Ask us about FHA Loans for veterans and civilians alike.
Benefits of VA Mortgage Loan:-
VA Mortgage Interest Rates and Credit Score
According to VA guidelines, your credit score does not affect VA mortgage interest rates like it might with conventional loan programs. VA loan rates are not driven by credit score because the government-backed veterans mortgage program doesn't even have a minimum credit score in its qualifying guidelines. It does not provide a rate structure based on credit score alone.