VA loans are backed by the US Government and historically have low default rates, the market pays a premium on VA rates every day. The norm for most lenders and mortgage companies is to keep these premiums and charge the veteran additional fees. At VA Mortgage Alabama we believe veterans des...
We help veterans get their dream homes with VA Loan financing. See how we can help in your VA home purchase compared to any other lenders.
After President Trump signed into law the “Blue Water Navy Vietnam Veterans Act” on June 25th, 2019, the VA did away with its lending cap. This means those with full entitlement aren’t subject to loan limits like they are onFHA loansorconforming loans. You have full entitlement if you...
But if you are wondering “do VA loans require mortgage insurance?”, the answer is no. The VA loan program is designed to help military personnel and veterans find and afford new homes. They can help you at many stages of the home ownership journey, because helping you find a great ...
re not like every other homebuyer. You deserve to find and buy a new home with VA experts who understand your lifestyle and the VA lingo. You deserve a little more ease, like not stressing over saving for a down payment (since VA loans are $0 down!). Our Loan Team at Veterans ...
Applying for a VA loan through WMB is very easy. Apply online or speak with one of our friendly VA loan specialists for a no-obligation consultation.
The Department of Veterans Affairs'Interest Rate Reduction Refinance Loan(IRRRL) can lower the interest on your existingVA home loan, with no appraisal and little to no out-of-pocket costs. According to the VA, even a reduction of half of a percent can save you tens of thousands over the...
Veterans aren't just putting down roots in new places; many are using their entitlement to refinance their existing loans to a lower interest rate with a VA loan, the study said. Mortgage rates are currently low across the board for VA loans as well as conventional mortgages, which mak...
Government-backed mortgage options includeFederal Housing Administration (FHA)mortgages, which allow you to put as little as 3.5% down.3U.S.Department of Veterans Affairs (VA)loans and U.S.Department of Agriculture (USDA)loans require down payments as low as 0%.4 ...
Why a VA Loan? There are many benefits, as taken directly from the Veterans Affairs site: no down payment required (unless required by the lender or the purchase price is more than the reasonable value of the property); buyer informed of reasonable value; negotiable interest rate… and more...