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What Is A VA Mortgage Loan?

April 26, 2017home financing home mortgage homes houses lenders lending mortgage loan rent VA

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What Is A VA Mortgage Loan?

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A VA mortgage loan is a program for all veterans who have a Certificate of Eligibility. The Certificate of Eligibility determines if you are eligible to apply for a VA mortgage loan. It does not guarantee that your application will be approved. A VA mortgage loan may be used to either purchase your home or refinance your existing mortgage. Some advantages of a VA mortgage loan include: • No down payment requirement • No mortgage insurance • Easier credit qualification standards • More lenient income qualification standards • No prepayment penalties I Have Misplaced Or Never Received My Certificate Of Eligibility – What Do I Do? You need to submit for VA 26-1880 along with a copy of your DD214 to any VA Regional Office. If you would like us to send you a copy of form VA 26-1880 contact us directly at 630-806-7060 or click here. I Am Interested, What Is The Next Step? If you are interested in moving forward you may either contact us directly at 630-806-7060 or enter a secure application