VA Home Loans
Beginning in 1944, veteran loan programs were put in place, opening up a variety of opportunities for United States military members to own a home. These types of loans are backed by the U.S. government and are only funded by VA-approved lenders.
Individuals that may qualify for these types of VA purchase and refinance loans include most military members, some unremarried surviving spouses, select government employees, active duty troops and veterans. Through such programs, refinancing options and mortgage assumption with affordable and competitive rates are available for a wide range of budget types.
Benefits of VA mortgages include:
Interest rates on these loans are comparable, yet competitive with other national mortgage rates. Because rates can change daily, it’s wise to lock in an affordable rate today. When obtaining a loan, you can be assured in knowing that loans are guaranteed by the U.S. Department of Veterans Affairs so that lenders such as iFreedom Direct® are able to give you exclusive benefits over other conventional loans.
VA Purchase Loans
If you’re interested in purchasing a primary residence priced at no more that $417,000, you may be able to do so without private mortgage insurance and no money down. The benefit of the zero-down option is ideal for military members. It allows you to choose between a 15- or 30-year fixed interest rate and there may also be an option of up to $6,000 of upgrades to your home that are energy efficient.
Contact one of our loan specialists to assist you in finding a purchase loan that is right for you.
VA Refinance Loans
By obtaining a VA Refinance Loan, you’ll get competitive interest rates and can even cash out on already accrued home equity, allowing you to pay off debt or make home improvements. The streamline process of this loan type allows current VA borrowers to reduce their mortgage interest rates and lower their monthly payment quickly and affordably.
Contact one of our loan specialists to see how you can refinance different types of loans using this program.
VA Loans vs. FHA Loans
If you are a veteran but do not meet the qualifications for a VA Loan, you may still qualify for an FHA Loan with similar benefits. This type of loan is also backed by the federal government and allows for competitive rates as well as low money down. We are dedicated to offering both VA and FHA loans with the best options and benefits.
Contact one of our loan specialists to find out how an FHA loan can benefit both veterans and civilians.
Two Steps CloserTo Start Your VA Home Loan
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