Hey it’s Darren your VA Mortgage Expert,
The VA loan is my favorite loan program out there and if you happen to be in Tempe AZ this could be your best Mortgage Option. It’s one of the best mortgage programs available to those who have served our Country. Maybe your active duty at Luke Air Force Base or used to serve in any Branch of our Military….either way we can definitely help you.
Today we’re going to cover some of the qualifications for the VA home loan! So when it’s time for you to purchase your new house in Tempe Arizona you’ll ready to go. Here’s some of the qualifications for the VA Loan:
•Active duty in ANY branch of the Armed Forces
•Non active just need a copy of your DD214.
•Served for 6 years in the Reserves.
•Received a honorable discharge or Active Status
•Must be over a 600 credit score.
Here a few highlights of why the VA Mortgage is so Awesome!
•There is no down payment. The FHA loan requires, 3.5% down, Conventional loans require 20% and the VA Loan requires 0% down payments – making it an amazing deal!
•The loan limit in Maricopa County is $417,000 dollars, if you wish to purchase more home you’ll simply have to cover the difference.
•Interest rates are usually better than conventional.
•No monthly PMI.
•No pre-payment penalties.
•Sellers can cover your closing costs making this a true no down payment deal.
We have tons of experience closing VA loans so if you have any questions or want to get Pre-Approved
Please give us a call directly or visit us at http://www.phoenixvaloans.com
Thanks and have a great day!
Mortgage consultant Darren Copeland and his experienced home loan team are committed to educating home buyers about home loans, purchasing a new home, refinancing and credit repair. LeaderOne Financial has helped home owners choose the best home loan program, from FHA, VA, USDA, and Conventional loans along with Reverse Mortgages and Refinancing Darren will make sure you receive the most affordable home loan rates in Lees Summit and has been doing it for over 10 years.