The VA Home Purchase Program is the most popular of all nationwide programs for veterans. This home loan program guaranteed by the Department of Veterans Affairs (VA) is funded by VA-approved lenders like ourselves, to eligible and qualified veterans for the purchase of a primary, owner-occupied residence.  There are many benefits to having a VA loan, such as:

* 100% financing without mortgage insurance
* Loans up to $417,000 without any down payment
* Loans over $417,000 with a small down payment (go to VA Jumbo page)
* Interest rates not determined by credit scores
* As low as a minimum 620 credit score for VA purchases
* The VA funding fee is waived for many disabled veterans
* The VA funding fee is reduced by making a down payment
* Seller contributions may be used to pay some or all closing costs
* Veterans can pay down the principal ahead of time without penalties
* Closing costs are comparable to other financing types
* Counseling is available to veteran borrowers having financial difficulty
* Veterans can use this program more than once
* Veterans can use remaining entitlement to have two VA loans at the same time

Although mortgage insurance is not required, the VA does charge every “non-exempt” VA loan borrower a one-time per loan funding fee ranging from 0.50% to 3.30% of the loan amount, depending on any down payment and if it is the borrower’s first-time use or subsequent use of the program.  The VA funding fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount. It may also be waived entirely for veterans receiving VA disability compensation or veterans otherwise considered “exempt” by the VA.  The VA funding fee is a nominal amount of money when compared to paying mortgage insurance on other programs and we would be happy to give you a comparison in writing for your specific situation.

Veterans can apply for a VA loan with any mortgage lender that participates in the VA Home Loan Program.  We are not only approved to originate, process, and fund VA loans, but that is what we do best (read reviews).  Our current minimum loan amount is $50,000.  Please contact us for further details, read about the buying process,  or simply apply online now.