Worthwhile Mortgages

VA Loan Benefits

Down payments as low as ZERO percent
Upfront funding fee required, but some clients are exempt from this, usually due to medical disability exemption
No Private Mortgage Insurance (PMI) even if putting Zero down payment
Can qualify with as low as a 580 credit score, but need a 680+ if putting zero down payment..
Typically much lower interest rates than Conventional Loan products, especially if client have sub 680 credit scores.
Debt to income can qualify as high as 60%
Term lengths can vary between 15 and 30 years

Must have been either regular military or national guard or reserve. Varying times in service needed in each.
- 90 days of service during wartime
- 181 continuous days of active service during peacetime
- 6 or more years of service in the National Guard or Reserves
- Being the un-remarried, surviving spouse of a service member who died in the line of duty, or as a result of service-related disability.
Debt to income can qualify as high as 60%
Two years of work history (does not have be consecutive years, and can be multiple employers)
Valid DD214 form
Valid Certificate of Eligibility (COE) which will be obtained by the lender using your DD214