1 / 7

Veteran loans | Direct Mortgage Lender

VA loans’ demand has increased exponentially in the last few years. These loans do not require any down payment and are available to active military personnel and army veterans. Most online and private lenders offer these veteran loans, which are guaranteed by Department of Veteran Affairs.

awmlendingmortgage
Download Presentation

Veteran loans | Direct Mortgage Lender

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Things To Know About VA Loans All Western Mortgage - Mortgage Loan Company Las Vegas www.awmlending.com

  2. VA loans’ demand has increased exponentially in the last few years. These loans do not require any down payment and are available to active military personnel and army veterans. Most online and private lenders offer these veteran loans, which are guaranteed by Department of Veteran Affairs. Therefore, they neither require any kind of Private Mortgage Insurance and nor any minimum credit. VA Loansare one of those few remaining mortgage options that do not require any down payment and therefore, have helped millions of army personnel to buy a home.

  3. Eligibility: Most veterans, members of the armed forces such as, military, reservists and National Guard are eligible for this loan. Spouses of military personnel who died on active duty can also apply for this loan. Active duty army members generally qualify for VA Loans after 6 months of service, whereas reservists and members of National Guard must wait for 6 years before applying. However, if they are called on duty before that, 181 days of service is all they need to apply for this loan.

  4. Advantages: Zero down payment, low credit requirements, absence of mortgage insurance, and flexible terms are just few of the many benefits offered by VA Loans.

  5. Fees: The cost of VA Loans is a lot less than conventional loans, but it still requires a onetime funding fee of 2.15% of the loan amount if you are acquiring the loan at zero down payment. On the other hand, if you put in 10% as down payment, the fee gets reduced to 1.25%. Underwriting Requirements:VA Loans don’t have any credit requirements, but private lenders expect a credit score of at least 620 before granting the loan.

  6. If you are unsure about whether you qualify or not for VA loans, give All Western Mortgage a call on 702-850-2790 and we can help you out in understanding the concept of VA better. We have helped thousands of veterans with low credit score acquire their dream home. You can be one too. Call Now!

  7. Contact us All Western Mortgage 8345 W Sunset Rd Suite 380 Las Vegas Nevada, USA. 89113 Web – www.awmlending.com Email – info@awmlending.com Phone – 702-850-2790 Fax - 702-369-0905

More Related