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Great Information About VA Home Loans

by Stephan Prescher / Tuesday, 12 January 2021 / Published in Mortgage News, Stephan Prescher

Great information about VA home loans. Your service to our great country should always be recognized and appreciated.

We have a number of programs available just for our service men and women and veterans for California residential financing.

Let us work for you to get you into the home you deserve. Check out this great information about VA home loans.

WHAT IS A VA LOAN?

VA Mortgages are government guaranteed loan programs available to Veterans, active duty military, reservists and surviving spouses.  VA Mortgages offer financing up to 100% of the reasonable value of the property and they feature both fixed and adjustable rate loans with NO down payment up to $1,500,000.00. In addition, Valor Lending Group give 5% of its commission to a local veteran charity of your choice and reimburses appraisal cost for loans over $300,000.

ELIGIBLE BORROWERS

VA loans were developed as an additional service to the men and women who serve our country. To be eligible, a buyer must have sufficient entitlement available with VA and be a(n):

  • Veteran (single or married)
  • Veteran and non-Veteran spouse
  • Two Veterans-married or unmarried
  • Unmarried surviving spouse of an eligible Veteran (certain restrictions apply)

FEATURES OF A VA MORTGAGE:

  • 100% financing
  • Sellers can pay closing costs, up to 2 discount points, the prepaids Plus an additional 4%. This can be used to pay off debts, buydowns, etc.
  • 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.

TARGET BORROWERS FOR A VA MORTGAGE

VA Mortgages can often be the best mortgage option for eligible buyers who:

  • Are first-time home buyers
  • May have lower credit scores
  • Only limited funds to close
  • Have higher debt ratios
  • Want very competitive Jumbo mortgages with NO DOWN PAYMENT Requirements.

GIVE US A CALL TODAY!!

I hope you found this information about VA home loans completed

**We give 5% of proceeds to a local Veteran charity on every VALOR VA Home Loan, reimburse you for your appraisal for loans over $300,000**

THANK YOU FOR YOUR SERVICE!


Call or email me for immediate attention to your scenario!

Valor Lending Group can fund your fast-hard money loan up to $10mm in as little as 7 days often without an appraisal.

Valor Lending Group also offers literally every loan in the book! Check out more information on our programs CLICK HERE and please do not hesitate to call on me for any scenarios.  I look forward to an opportunity to demonstrate my prompt and professional service.

Recap of our Loan Products:

  1. Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
  2. Stated Income Loans (Great for business owners and self employed ) No tax returns!
  3. 100% financing is available (we can cross collateralize other properties if there is enough equity)
  4. Valor VA Home Loan 100% financing up to $1.5MM
  5. Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow – No Coverage needed DCR!
  6. Flipper & Rehab Loans (Flip a property with one of our many options)
  7. 2nd Position Loans up to $5mm
  8. Raw Land & Lot Loans
  9. Ground up Construction for spec homes, custom homes and commercial ground up.
  10. Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
  11. 5% down Jumbo’s with NO MI up to $2mm / 10% down up to $3mm
  12. Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
  13. Acreage Properties
  14. Commercial Loans up to $500mm
  15. 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
  16. Foreign Nationals Loans (no social security or residency required)

We also offer:

  1. 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans (under $510,400)
  2. High Balance Conforming aka Super Conforming (from $510,400-$765,600)
  3. Jumbo’s to $10 Million / Super low rates! / 10% down Jumbo to $3mm
  4. FHA, USDA
  5. ARM’s
  6. Reverse mortgages up to $1 Million Value
  7. Refinance including Cash Out

Contact me today for more information


  

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Stephan Prescher
Vice President
CA DRE#02033998
NMLS#1451987
Valor Lending Group
“Pride in Lending”
Petco Park
Diamond View Tower
350 10th Ave – 10th Floor
San Diego, CA
Direct: (619) 535-9324
Office: (619)344-2640
Fax: (619) 255-0602
web: www.valorlending.com
sprescher@valorlending.com
Tagged under: Cal Vet, california va loans, home lender near me, San Diego, VA, VA home lender near me, VA home lenders near me, VA Home Loan, VA Home Loan California, VA IRRRL, va loan, va loans, valor lending group

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CA DRE #02026238  :  NMLS #1600345

Valor Lending Group
"Pride in Lending"
Petco Park
Diamond View Tower

350 10th Ave / 10th Floor
San Diego, CA 92101
info@valorlending.com
Office: (619) 344-2640
Fax: (619) 872-2400

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