VA Loans are backed under the Veteran Administration (VA) Loan Guaranty program, and are available to veterans and their spouses. This includes all reservists, active military personnel,and veterans.
VA Loans provide members of the military with high loan to value financing options without mortgage insurance, and often with lower closing costs than traditional mortgages. VA Loans may provide up to 100% financing options and loans up to $2,000,000.
VA Loans also allow to provide up to a 3.5% lender credit to be utilized toward the borrower’s closing costs. The lender credit will result in a higher interest rate but these funds may prove to be an invaluable necessity to make the new home purchase possible when no Seller credits are available because of today’s Seller’s market. Contrary to popular belief and some lender claims VA Loans do not take any longer to process when you’re obtaining your VA Loan with Florida State Mortgage Group, Inc.
If you are an active member of the military or a U.S. veteran, you may be able to take advantage of VA Loan benefits.
Call one of our qualified loan specialists today at 281-330-4845 and we’ll discuss your VA Loan options.