(503) 568-6899 jad@nwfgi.com

VA Loans

A VA loan is perhaps the most powerful and flexible lending option on the market today. Rather than issue loans, the VA instead pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults. That guarantee gives VA-approved lenders greater protection when lending to military borrowers and often leads to highly competitive rates and terms for qualified veterans.

 

Benefits of VA Loans

Far and away, the most significant benefit of a VA loan is the borrower’s ability to purchase with no money down. Apart from the government’s UDSA’s Rural Development home loan and Fannie Mae’s Home Path, it’s all but impossible to find a lending option today that provides borrowers with 100 percent financing. 

VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.

VA loans offer a few other bells and whistles:

  • Competitive interest rates that are routinely lower than conventional rates
  • No prepayment penalties
  • Higher allowable debt-to-income ratios than for many other loans
  • Streamlined refinancing loans that require no additional underwriting

Let’s Find Your Ideal Home Loan

Let’s get to know one another. Complete the form below, or just give me a call to schedule a time to talk or get together.

I’ll learn as much as I can about your current and future financial situation, goals, and aspirations. Then, I’ll guide you through the mortgage lending process and find the right mortgage for your purchase, all tailored to you.

Contact Me

Northwest Mortgage Broker

Visit

12411 SE 2nd Circle
Vancouver, WA 98684

Call

(503) 568-6899

Email

jad@nwfgi.com

Northwest Mortgage Broker

As your Northwest Mortgage Broker, I eliminate barriers to home ownership for first-time home buyers, homeowners looking to upgrade, individual property investors, and owners interested in improving their financial position by refinancing their home.

Licensing

Individual NMLS # 1025363
Company NMLS # 101770

    

© Northwest Mortgage Broker, 2019