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Check your 2016 VA home loan eligibility here with no obligation.
The VA Mortgage Loan Program
The VA loan program is popular with active duty and Veterans all across America. The VA loan program allows veterans to purchase a home with 100% financing and have no monthly mortgage insurance. For veterans who currently have a VA loan that is at a higher-than-market interest rate, they can easily take advantage of the VA streamline (aka VA IRRRL) refinance with no out of pocket closing costs required.
Most people are aware that the VA doesn't actually lend money (they work with VA approved lenders who lend the money) the VA only insures your loan so that if you default, the lender gets paid. Because VA loans are backed by the government, lenders are excited to lend money to Veterans who qualify for the VA loan program.
You can use a VA loan to buy a home, build a home and even improve a home with energy-saving features such as solar heating or cooling systems, water heaters, insulation, weather-stripping, storm windows/doors or other energy efficient improvements approved by the lender and VA.
VA Loans: How To Save The Most Money
Regardless if you are buying a home or refinancing your VA loan, you can save money by shopping multiple VA lenders. Of course, most lenders are not going to tell you that the secret to getting the best deal is to shop around - but when you shop, lenders are encouraged to offer you their best deal - and you might be surprised at how different each rate quote is for your situation. Shopping lenders is easy, free and only takes a few minutes. Get a free VA loan quote today!
VA Loan Highlights
No Mortgage Insurance
100% Financing, No Down Payment
Down Payment Assistance Programs work well with VA loans
Low, Fixed Rates Available
Active or Retired VA Status Ok
No prepay penalty in any Arizona VA loan
Arizona VA loans have similar closing costs to other loans, even though they offer 100% financing
A one time funding fee is charged - but can be rolled into the loan
VA Approved Lender Network
Any appearance of U.S. Department of Defense (DoD) visual information does not imply or constitute DoD endorsement.
When inquiring about a mortgage on this site, this is not a mortgage application. Upon the completion of your inquiry, we will work hard to match you with a lender who may assist you with a mortgage application and provide mortgage product eligibility requirements for your individual situation.
Any mortgage product that a lender may offer you will carry fees or costs including closing costs, origination points, and/or refinancing fees. In many instances, fees or costs can amount to several thousand dollars and can be due upon the origination of the mortgage credit product.
When applying for a mortgage credit product, lenders will commonly require you to provide a valid social security number and submit to a credit check . Consumers who do not have the minimum acceptable credit required by the lender are unlikely to be approved for mortgage refinancing.
Minimum credit ratings may vary according to lender and mortgage product. In the event that you do not qualify for a credit rating based on the required minimum credit rating, a lender may or may not introduce you to a credit counseling service or credit improvement company who may or may not be able to assist you with improving your credit for a fee.
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