TOP NEW VALOR VA LOANS
Have you taken advantage of your VA Home Loan Benefits yet? If not, Look at TOP NEW VALOR VA LOANS Available at Valor Lending Group. Valor supports our Service Members, and we are here to serve you!
Learn more about our New Valor VA Loans.
Trying to lock down a VA loan to purchase the home of your dreams with a pain-free process and working with the top professionals in the business?
New Valor VA Loans offer below-market interest rates and terms of 15-year fixed up to 30-year fixed and even 5/1 and 3/1 ARMs.
Take advantage of New Valor VA Loans, which have many benefits for active-duty members and retired veterans; you also may qualify as a National Guard or Reserve member. The main highlighted benefits are 100% Financing, no private mortgage insurance or PMI, and no pre-payment penalty.
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.
Valor Lending Group has enjoyed serving individuals all over the beautiful state of California and Arizona. We are here to help you with the ins and outs of the VA loan process.
Valor Lending Group will go above and beyond to make your dreams come true! Trust us today with all of your loan needs!
Valor Lending Group has ARIZONA and CALIFORNIA VA Loans Available TODAY!
What Are VA Loans?
The VA home loan, backed by the Department of Veteran Affairs, was 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. Later, some lenders increased their loan limits to above the county loan limits 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, with limited closing costs, low-interest rates for all who qualify, whether a purchase or refinance, including a cash-out refinance and no mortgage insurance.
Why Use Top New Valor VA Loans?
VA loans are the right of any service member who serves or has served in the armed forces and received an honorable discharge. It is structured to include the lowest interest rate and the highest amount of leverage, backed by the VA, to provide our service members and veterans a fantastic VA benefit because of the sacrifice they or their spouses have made to protect and defend our amazing country. Thank you for serving! This is one of the most valuable benefits of serving. The qualifying income is viewed with all debts, and a debt-to-income (“DTI”) ratio is calculated. Traditional mortgage lenders must have a DTI of no more than 50%, even with a lower credit score and 100% financing.
Finding The Best VA Loan Lenders
Many VA lenders and banks have a retail channel, but not all VA lenders and banks can provide funding above the conforming high-balance county limits. Those lenders typically do not have a retail channel but instead require the use of a broker. The best VA brokers will make sure to find the best VA lenders with the most favorable terms, regardless of the borrower’s financial situation. It is in the broker’s best interest to find the lowest rate and most favorable terms available to serve their VA loan clients best. If you are considering purchasing or refinancing a property using a VA loan, it is best to ensure you maintain your Service documents, i.e., Certificate of Eligibility, DD214, VA Award letter, and VA disability and/or retirement benefits information. As well as tax records, W2s, 1099’s, and pay stubs.
Additionally, keep organized bank statements, retirement account statements, and savings for a down payment. Be prepared by speaking with a broker to obtain a pre-approval letter. Valor Lending Group is a veteran and service member supporter, and we donate 5% of our commission on every VA loan to a veterans charity of the borrower’s choosing. We will reimburse for appraisals with loan amounts over $300,000.
VA Jumbo Loans
It is also possible to get a “VA jumbo” loan. These are VA loans above a certain dollar amount, higher or lower depending on the county. For example, California VA Jumbo Loans start above minimum loan amounts ranging from $548,250 (Riverside County), to $822,375 (Los Angeles County) for single-unit properties. (These amounts are higher for 2, 3, and 4-Unit properties).
What VA Loans Are NOT
1) VA Loans Are NOT “Conventional Loans”
VA loans require that you are active duty, honorably discharged, or the surviving spouse of a service member who died while in service, passed away due to a service-related injury, or their spouse was MIA or a POW for at least 90 days. In addition, the surviving spouse may not be remarried. In short, a borrower must have had a connection to the military to qualify.
2) VA Loans Are NOT “more difficult than traditional mortgages”
VA loans are said to be more difficult than a conventional or traditional mortgage. This is a big misconception that needs to be debunked. The VA home loan is specialized for qualified buyers. This means a few additional documents are needed to confirm the qualification for this loan. Those items are a DD214, VA award letter, VA disability letter, and or retirement letter if applicable. Besides these additional documents, everything else required is the same as conventional financing. Does that sound a lot more difficult?
Valor VA Loan 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
For a quote, please email David Christie the following:
- Property Address:
- Purchase Price (for purchase):
- Current Value (for refinance):
- Balance of current Mortgage (for refinance):
- Approx. Credit Score:
Learn more about Valor VA home loans
Valor Lending Group is committed to serving our Veterans during this time of uncertainty.
**We give 5% of proceeds to a local Veteran charity on every VALOR VA Loan
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.
I look forward to an opportunity to demonstrate my prompt and professional service.
