VA Loans 2022 ⭐️ 855-956-4040 ⭐️ VA Loan Benefits

VA LOAN PROGRAM ⭐️ 855-956-4040 ⭐️ NATIONAL VA LOANS

What is the VA Home Loan Program?

The VA Home loan program was created in 1944 to help soldiers returning home from world war 2 purchase a house and live the American dream.

Since that time the VA has guaranteed more than 26 million VA home loans. It is the best home loan option available to those who are eligible.

What are the VA Loan Benefits?
A few of the VA loan benefits include:
Zero Money Down – 100% Financing
No Private Mortgage Insurance (PMI)
Lower Interest Rates
Relaxed Loan Requirements
No Loan Limits
Lower Closing Costs

Does the VA Lend the Money?
The VA does not lend the money but rather backs up to 25% of the loan. So, what this means is if the veteran would not be able to make his or her payments and defaults on the loan the VA would insure up to 25% of the loan to the lender.

With this guaranteed VA loans require no money down, usually have the best rates with the most favorable credit guidelines and no PMI, making it the best loan available to veterans.

Does the VA Lend the Money?
The VA does not lend the money but rather backs up to 25% of the loan. So, what this means is if the veteran would not be able to make his or her payments and defaults on the loan the VA would insure up to 25% of the loan to the lender.

With this guaranteed VA loans require no money down, usually have the best rates with the most favorable credit guidelines and no PMI, making it the best loan available to veterans.

VA Loan Eligibility What is it?
As you can imagine many veterans have VA loan eligibility questions. If you are an Active Duty Service Member, Veteran or a former or current member of the National Guard, Reserves, you are most likely eligible for a VA home loan.

Each military category has a set of minimum service requirements which change based on which years were served. Call (855) 956-4040 if you have questions about your VA loan Eligibility.

How Much Can I Borrow Using the VA Home Loan?
Before January 1st 2020 veterans were limited to how much they could borrow for a house. On January 1st 2020 the VA passed the Blue Water Navy Act – HR 299.

This new bill essentially did away with VA loan limits and now there is no loan limit a veteran can borrow. There are some exceptions to this to learn more give us a call at 855-956-4040 if you have questions.

What Credit Score Do I Need for a VA Loan?
The VA does not have a credit score requirement in the VA benefits handbook, however that being said the lender who lends the money and accepts the risk of the loan will set the VA credit score requirements. Usually this is around 640 depending on the lender.

How Many Times Can I Use My VA Loan Benefits?
There is no limit on how many times a veteran can use his or her VA home loan benefit. However keep in mind there may be subsequent use fees involved depending on the veterans situation.

What Are VA Loan Closing Costs?
The good news is that with a VA loan, you will pay substantially less in closing costs than with a conventional mortgage. VA loans have restrictions on what lenders can actually charge for closing costs.

This protects veterans from overpaying on closing costs. Veterans will not have to pay PMI however they will have to pay the VA Funding Fee. Call us at (855) 956-4040 to learn more.

What is the VA Funding Fee?
The VA funding fee is calculated using a percentage of the total amount of the loan. It’s based on several factors.

The Funding Fee goes directly to the VA to eliminate the cost of the program to taxpayers. It is a self-sustaining platform supported by service members for other service members.

Having the funding fee in place protects the borrowing rights of future service members and veterans.

How Do I Get Started With The VA Loan Process?
To get started with the VA loan process give National VA Loans a call now at (855) 956-4040. National VA Loans is dedicated to help veterans live the American dream of home ownership.

Visit our website at https://www.nationalvaloans.com/ today to learn more about the benefits of the VA home loan program.

National VA Loans is dedicated to helping veterans and military service members get a great mortgage. National VA loans is powered by Community First National Bank, Community First National Bank is Member FDIC. Equal Housing Lender. NMLS ID 449196.

National VA Loans
6505 N. Prospect Ave. Ste. 400 Gladstone, MO 64119
(855) 956-4040
[email protected]

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