VA
Discover the great options Metro Mortgage has to help you get the best mortgage possible!
WHY IS METRO MORTGAGE THE BEST CHOICE FOR YOUR VA MORTGAGE?
Lower Rates and Fast Turn Times!
We love serving Veterans, and active military! And those aren't empty words. Metro Mortgage has a reputation across South Carolina for expertise in VA loans. We earned our reputation loan by loan, and by offering some of the most competitive VA rates available, fast turn times, and a high degree of professionalism.
After all, if you eligible for a VA mortgage, you deserve nothing less!
IS A VA HOME LOAN THE BEST OPTION FOR YOU?
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.
BASIC VA HOME LOAN BASIC PARAMETERS
- 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!)
MORTGAGE INSURANCE
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%
VA LOAN LOAN DOCUMENTS
I wanted to write you and say THANK YOU for helping my husband and I purchase our first home. We had no idea when we got here that everything would go so smoothly for us. It was a pleasure for my husband and I to know you! I will definitely send customers your way!
Karen A.
We designed this calculator do give you a rough idea of what a VA Purchase looks like for you with today's rates. You can get our current published rates for VA loans under "Rates". VA mortgage pricing varies based on your credit score, and other factors. If you are close to buying a new home, it's a good idea to contact us for a free rate quote. You will find a number of options for contacting us below. We love to hear from you!
VA Purchase Calculator
Next Steps.....
A calculator can only give you so much information, and mortgages are complicated!
You will find more options below. We are ready to get to work getting you the best mortgage possible!
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