VA Home Mortgage Loans

The VA Loan Department guarantees active military and vets 100% home financing for purchase or refinance. VA home mortgage loans ensure competitive interest rates for home buying and extend VA streamline refinance to vets who already have a loan that is guaranteed by the Department of Veterans Affairs. 100% VA loans continue to offer the most attractive financing incentives in the mortgage industry. VA home loans enable 1st time home-buying veterans to finance a new home with no money down and veterans who already have a VA mortgage have the opportunity to refinance for an improved interest rate that lower their monthly payment. In today's marketplace, the VA mortgage is considered the most aggressive finance product because the purchase option requires no down-payment and the refinance option requires no equity.

Special VA Mortgage Loan Options with 100% Home Financing for Qualified Military Families and Veterans

Preferred Loan Type Select ---------------> Mortgage Refinance Cash Out Refinance Home Equity New Home Purchase Property Type Select One-----------> Single-Family Detached Condominium Cooperative Multi-Family Dwelling Modular Mobile Home Manufactured Home Property Value Select One-----------> 1st Time Buyer 75,000 - 80,000 80,000 - 85,000 85,000 - 90,000 90,000 - 95,000 95,000 - 100,000 100,000 - 105,000 105,000 - 110,000 110,000 - 115,000 115,000 - 120,000 120,000 - 125,000 125,000 - 130,000 130,000 - 135,000 135,000 - 140,000 140,000 - 145,000 145,000 - 150,000 150,000 - 155,000 155,000 - 160,000 160,000 - 165,000 165,000 - 170,000 170,000 - 175,000 175,000 - 180,000 180,000 - 185,000 185,000 - 190,000 190,000 - 195,000 195,000 - 200,000 200,000 - 205,000 205,000 - 210,000 210,000 - 215,000 215,000 - 220,000 220,000 - 225,000 225,000 - 230,000 230,000 - 235,000 235,000 - 240,000 240,000 - 245,000 245,000 - 250,000 250,000 - 255,000 255,000 - 260,000 260,000 - 265,000 265,000 - 270,000 270,000 - 275,000 275,000 - 280,000 280,000 - 285,000 285,000 - 290,000 290,000 - 295,000 295,000 - 300,000 300,000 - 305,000 305,000 - 310,000 310,000 - 315,000 315,000 - 320,000 320,000 - 325,000 325,000 - 330,000 330,000 - 335,000 335,000 - 340,000 340,000 - 345,000 345,000 - 350,000 350,000 - 355,000 355,000 - 360,000 360,000 - 365,000 365,000 - 370,000 370,000 - 375,000 375,000 - 380,000 380,000 - 385,000 385,000 - 390,000 390,000 - 395,000 395,000 - 400,000 400,000 - 405,000 405,000 - 410,000 410,000 - 415,000 415,000 - 420,000 420,000 - 425,000 425,000 - 430,000 430,000 - 435,000 435,000 - 440,000 440,000 - 445,000 445,000 - 450,000 450,000 - 455,000 455,000 - 460,000 460,000 - 465,000 465,000 - 470,000 470,000 - 475,000 475,000 - 480,000 480,000 - 485,000 485,000 - 490,000 490,000 - 495,000 495,000 - 500,000 500,000 - 505,000 505,000 - 510,000 510,000 - 515,000 515,000 - 520,000 520,000 - 525,000 525,000 - 530,000 530,000 - 535,000 535,000 - 540,000 540,000 - 545,000 545,000 - 550,000 550,000 - 555,000 555,000 - 560,000 560,000 - 565,000 565,000 - 570,000 570,000 - 575,000 575,000 - 580,000 580,000 - 585,000 585,000 - 590,000 590,000 - 595,000 595,000 - 600,000 600,000 - 605,000 605,000 - 610,000 610,000 - 615,000 615,000 - 620,000 620,000 - 625,000 625,000 - 630,000 630,000 - 635,000 635,000 - 640,000 640,000 - 645,000 645,000 - 650,000 650,000 - 655,000 655,000 - 660,000 660,000 - 665,000 665,000 - 670,000 670,000 - 675,000 675,000 - 680,000 680,000 - 685,000 685,000 - 690,000 690,000 - 695,000 695,000 - 700,000 700,000 - 705,000 705,000 - 710,000 710,000 - 715,000 715,000 - 720,000 720,000 - 725,000 725,000 - 730,000 730,000 - 735,000 735,000 - 740,000 740,000 - 745,000 745,000 - 750,000 750,000 - 755,000 755,000 - 760,000 760,000 - 765,000 765,000 - 770,000 770,000 - 775,000 775,000 - 780,000 780,000 - 785,000 785,000 - 790,000 790,000 - 795,000 795,000 - 800,000 Over 800,000 Credit Rating Select ---------------> Excellent Good Fair Poor What's your credit score? Click HERE to find out now!

With the VA streamline loans, buying or refinancing a home has never been easier for the retired and active military. With limited and no appraisal requirements, purchasing or refinancing your home can be quicker than you think. With VA home loan rates dropping to record lows, it would be hard to argue that it is not a good time to purchase a home with the Veteran's finance program.

Low VA Home Mortgage Rates with No Down Payment!

No Money Down VA Mortgage

VA homeowners may find financial security with cash out VA loans that allow refinancing of revolving debt and adjustable rate loans with a fixed home loan up to 90%. We are an approved VA mortgage lender who specializes in VA home mortgage loans to military homeowners. After serving your country, the least we can do is provide discount home financing guaranteed by the Veterans Affairs.

100% Refinance Loans, Fixed Rates Refinancing and Veteran Streamline

The Veterans loan is the last 100% mortgage in 2012, so if you have the military credentials you should discuss your financing goals with one of our VA loan consultants. Consider our fixed rate home mortgage loans and cash out VA refinancing loans options for consolidating debt and lowering monthly payments. VA loan limits have increased with maximum loan ranging from $417,000 to $729,750 depending on the location of your property. You should compare VA mortgage loans if you currently have a loan with an interest rate above 4%.

• No Appraisal with VA Streamline
• No Income Documentation
• Low Credit Scores Ok
• Learn More About Skipping a Payment

100% VA Mortgage loans Veteran Home Refinancing Refinance for Fixed Rate Cash out with Home Equity Loans 30 Year Fixed VA Mortgage Limited Credit OK with VA Refinancing No Money Down Purchase Loans 15 Year Mortgage Term Options	VA home loans give veterans an edge for homeownership with 100% financing opportunities.
What are the VA Benefits for Home loans? Veterans can finance a home with zero down and they have no mortgage insurance required. Vets are eligible for a no down-payment loan at a discounted interest rate.

What is the VA home mortgage loan limit?

Technically there is no maximum VA loan limits for home mortgages. Most VA mortgage lenders limit the maximum VA home loan amounts to the conforming limit set by Fannie Mae and Freddie Mac in that specific region. For example VA mortgages in Orange County, California can offer loan amounts up to $729,750 for rate and term refinancing, streamline or new home purchase loans. Cash out limits will range based on VA loan eligibility and property value. Discuss your eligibility for VA cash out refinancing with your loan officer to get specifics.

100% Mortgage Loans - VA Loan Advantages and Disadvantages by Maria Ny

In this day and age of rising costs and low housing affordability, various financing options have arisen to assist military homebuyers get onto the property ladder. One of these is a 100% mortgage, which provides enough funds to the borrower to purchase a property outright.

For most veterans, the VA doesn't actually provide mortgages per se. But rather, they guarantee loans made to veterans by private lenders. In other words, the VA pays a "guaranty" to protect the lender against loss in case the borrower defaults on the loan for any loan up to $417,000. The amount of guaranteed money in a Veteran loan (also called an "entitlement") differs based on the amount that the loan is for.

Bad Credit Financing Available According to the Revised VA Pamphlet 26-7, Chapter 4, Credit Underwriting, bad credit may not disqualify a veteran from getting a VA loan. There are ways you may qualify even with bad credit. Check with your lender for details. 100% Home Financing VA Loans for Purchase or Refinance No Appraisal Required

Advantages and Disadvantages of these Military Home Loans

• In many cases, VA loans require zero down payments (100% home financing) and no mortgage insurance. The cost of the loan guarantee is a one-time funding fee. However, disabled veterans don't have to pay it, and it can be financed if you do have to pay it.

• The credit requirements for VA loans aren't as stringent as many other loans, and you have the flexibility of negotiating interest rates with the lender.

• The VA sets limits on allowable closing costs and requires that sellers pay the amount of any overages at closing.

• According to the VA home loan website (homeloans.va.gov), veterans' home loans are assumable. Among the advantages: no appraisal needed, low closing costs, no repair requirements and less overall processing. The downside is that your VA entitlement cannot be restored until the assumer pays off your existing loan in full unless the assumer is a veteran who meets certain requirements, in which case you may be able to obtain a substitution of entitlement.

• VA home loans are not an option for many people. They are restricted to those who have served 90 days during wartime or 181 days during peacetime and obtained an honorable discharge. For people in the National Guard or reserves, 6 years of service is required for a VA loan. Surviving spouses of veterans who have died may also qualify provided they've not remarried or their subsequent marriages have terminated.

• VA Home Mortgages, like other government loans, take longer to process than other loans. However, the process has become less complicated in recent years.