VA Loans
The VA loan is an amazing benefit available to all eligible veterans to purchase a primary residence with no down-payment and no-monthly mortgage insurance costs. VA loans are offered by a local lender, but guaranteed by the Department of Veterans Affairs.
VA Loans
Designed to offer long-term financing to American Veterans, VA loans are issued by federally qualified lenders, and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. VA Home loans have upfront funding fee, but this fee can be financed into the loan, and even with $0 down payment, there is no mortgage insurance expense added to the monthly payment. The Veterans Administration also has the mortgage option to finance qualified energy-efficient upgrades to the home you are purchasing or refinancing.
Advantages of VA Home Loans
Clients who wish to put little or no money down.
Clients are looking for 100% financing within city limits.
Clients with lower credit scores and higher debt-to-income ratios.
Eligible Veterans and their spouses purchasing a primary residence.
VA Home Loans
Additional Details
If interest rates ever drop to the benefit of the client, VA Home Loans can be easily and quickly refinanced using the VA’s Interest Rate Reduction Refinance Loan program, or IRRRL for short. This refinance loan does not require an appraisal and is usually offered with little to no lender fees.
Most competitive mortgage rates offered to eligible veterans.
We are dedicated to Veteran lending to best serve those who served us.
Offers low originations fees as a lender and no junk fees added.
From start to finish we are there through processing, underwriting, and funding.
Apply for VA Loans
At GlenLakes Mortgage we have all the resources needed to make your dream a reality. Are you ready to move forward with your next home purchase? One of our experienced mortgage professionals will guide you every step of the way. Apply now and find out if you qualify for a VA Home loan.
FAQs about VA Home Loans
The first step to getting pre-approved for a VA loan is to start on an application with a loan specialist. The application process will also include submitting documentation to verify all the information you filled out. Getting your certificate of eligibility is one of the first steps the lender will do.
Qualifying amounts for a VA loan are based on the debt-to-income levels, which are calculated by dividing specific debt obligations by the borrower’s gross income.
VA home loans are famous for requiring $0 down. Qualified borrowers can get into a house with $0 out of pocket.
Other Loan Types
Contact Us
Customer Service
- (352) 200-2546
- info@glenlakesmortgage.com