A VA Home Loan is the best option for you if:

• You are VA eligible!

If you are VA eligible, it is highly unlikely that any other type mortgage is going to be a better option for you.  if you are unsure of your eligibility call us!  We can check your status with the VA quickly and easily.

• 15, 20 and 30 year terms.
• Rates and terms generally lower than with Conventional mortgages.
• No down payment required in most cases.
• No monthly mortgage insurance.
• The VA funding fee can be added to the principal balance at closing.
• There is no penalty if you pay your mortgage off early.
• VA mortgages are assumable.
• Credit Scores down to 600 may quality.
• Seller can pay your closing costs, up to 4%.  (And you won't need that much!)

VA Home Loans have no monthly mortgage insurance, which is probably its best feature.

VA does charge a funding fee.  The funding fee varies depending on whether you have used your VA loan eligibility in the past.  This fee can be added to the principle balance at closing.  It is not refundable.

VA FUNDING FEE SCHEDULE:

First Time Use, 100% financed:            2.15%

Subsequent Use, 100% financed:        3.3%

5% down payment:                                1.5%

10% down payment:                              1.25%