We Offer Awesome Services

We Offer Awesome Services

Down Payment Requirements

 

A VA loan can allow you purchase a home without a down payment. Yes, you read that right. While most loans require at least 3% down, you can land a VA loan with 0% down. If you don’t have a lot of cash on hand, this is great news. As long as you don’t borrow more than the maximum loan limit in your specific county, a home can be yours with nothing down and no private mortgage insurance or PMI.

Lenient Credit Requirements

 

Most conventional mortgages consider your credit history and will offer you a higher interest rate if your score is on the low side. If you choose a VA loan, you’ll find that credit score requirements are flexible. You can still lock down a fairly good interest rate even if you don’t have stellar credit. While credit score requirements vary by lender, most will approve you for a loan as long as your credit is in the low to mid 600s or higher.

Down Payment Requirements

 

A VA loan can allow you purchase a home without a down payment. Yes, you read that right. While most loans require at least 3% down, you can land a VA loan with 0% down. If you don’t have a lot of cash on hand, this is great news. As long as you don’t borrow more than the maximum loan limit in your specific county, a home can be yours with nothing down and no private mortgage insurance or PMI.

Lenient Credit Requirements

 

Most conventional mortgages consider your credit history and will offer you a higher interest rate if your score is on the low side. If you choose a VA loan, you’ll find that credit score requirements are flexible. You can still lock down a fairly good interest rate even if you don’t have stellar credit. While credit score requirements vary by lender, most will approve you for a loan as long as your credit is in the low to mid 600s or higher.

A Reusable Benefit

 

Unlike some types of home loans, VA mortgages can be reused. If you’ve served our country, this is a long time benefit you can reuse. So you may qualify for a VA loan, regardless of if you’re a first time homebuyer or have purchased a home in the past. Of course, this probably won’t be the case if you’ve previously defaulted on your loan or wish to purchase a home that exceeds the borrowing limits.