Calling all active, retired, and service members families. VA home loans with 100% financing can be yours! With Valor Lending Group being a proud supporter of all service members and their families, we will work through your personal loan scenario to deliver the very best rate and terms available.
What is a VA Home Loan?
VA home loans with 100% financing are backed by the Department of Veteran Affairs, was first created in 1944. This loan assisted service members with purchasing or refinancing a home after returning from war without requiring a great credit score or down payment to do so. Later, some lenders increased their loan limits to above the county loan limit to assist current service members and veterans with larger purchases in areas where the conforming and high balance loan limits were much lower than the average house in the area. VA loans are up to 100% financing, limited closing costs, low interest rates for all who qualify whether it is a purchase or refinance including a cash-out refinance, and no mortgage insurance.
VA Loans have many benefits for active-duty members and retired veterans; you also may qualify as a member of the National Guard or Reserve. The main highlighted benefits are 100% Financing, no private mortgage insurance, or PMI, and no prepayment penalty.
VA loan programs offer below-market interest rates, and terms of 15 year fixed up to 30 year fixed and even 5/1 and 3/1 ARMs.
Qualification requirements vary depending on your status.
For most qualifying service members there is a minimum active duty requirement which may range depending on your role, but for most, it is just 90 days.
Why Use VA Loans?
VA loans are the right of any service member who serves or has served in the armed forces and/or received an honorable discharge. Thank you for serving! This is one of the most valuable benefits of serving. The qualifying income is viewed in conjunction with all debts and a debt-to-income (“DTI”) ratio is calculated. Traditional mortgage lenders would be required to have a DTI of no more than 50% even with a lower credit score and 100% financing.
Finding the best VA Loans have never been easier. Valor has government-guaranteed VA Loans available to Veterans, active duty military, reservists and surviving spouses. VA Loans offer financing up to 100% of a property’s value, and feature both fixed and adjustable rate loans. And there is NO down payment up to $1,500,000.00!
VA HOME LOANS WITH 100% FINANCING HIGHLIGHTS:
- 100% financing
- Sellers can pay closing costs, up to 2 discount points
- Buyers can add up to $6,000 to their VA loan to have energy efficient improvements installed
- No monthly mortgage insurance
- Less restrictive qualifying terms
- Buyers still eligible even after a short sale
- Jumbo loans available up to $1.5 million
- Buyers can have multiple VA loans under certain circumstances.
- *Valor will reimburse your appraisal fee for loans above $300,000.
- **We give 5% of proceeds to a local Veteran charity on every VALOR VA Loan
CALL ADAM LAWRENCE TODAY FOR ALL AND EVERY LOAN SCENERIO 858-344-0323 or ALAWRENCE@VALORLENDING.COM
Check out more of what we offer. Check out Valor’s Mortgage News to learn more!
Other Amazing Products Adam Lawrence at Valor Lending Group Can Offer:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- Valor VA Home Loan 100% financing up to $1.5MM
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
