VA Loans were designed to help you own a home for NO MONEY down
The VA Loan is one of the easiest to qualify for
The seller may pay all your closing costs
Take advantage of this great loan program
Let us help you today
What Is A VA Loan?
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.
Here's how it works:
- 100% financing without private mortgage insurance or 20% second mortgage.
- A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
- When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
- When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.
How Can We Help?
VA Loans make it easier for Veterans of the US Armed Forces to qualify for and obtain mortgages with flexible terms. At BostonMoneyMan, we make it easier still by offering some of the lowest VA mortgage rates in the nation.
