The Department of Veteran Affairs provides loan repayment guarantees to lenders who make loans to US veterans.  As a result these loans are some of the best loans available to any borrower.  VA home loans require NO down payment and no cash reserves as well as offering lower closing costs, and seriously attractive interest rates. VA loans can be used either to finance the purchase a new home or to refinance an existing mortgage.    

In order to qualify for a VA loan the borrower must be a US Veteran, reservist, active-duty personal, or the surviving spouse of a veteran with 100% entitlement.  Maximum loan size for VA insured mortgages vary dependent on market, but in most of the Bay Area a borrower entitled to VA loan benefits can finance up to $625,000 at a very attractive  rate of interest with zero down and no mortgage insurance premium!

Some of The Benefits of VA Loans

·         No Down Payment Required.

·         Seller Can Pay All Closing Costs

·         Seller Can Pay Pre-Paid Expenses Up to 4 Points

·         No Reserves After Closing Required

·         Easy Qualifying Ratio

·         Fast In-House VA Underwriting

·         Attractive Interest Rates

·         No Monthly Mortgage Insurance Premium

Many veterans find it surprising how easy it is to obtain one of these fantastic loans.  Veterans that have already taken out a VA home loan in the past may be eligible for the remaining entitlement for an unused pervious balance.  Because VA entitlement amounts have increased over time, many borrowers with previous VA loans may be eligible for more money now than they were before.  If you think you might be entitled to VA loan guarantee benefits, give us a call and let a knowledgeable, courteous VA loan specialist help you maximize your VA benefits today! 

If you prefer, Request A Quote online.  A VA loan specialist will answer your questions as soon as possible.