What are VA loans?

VA Loans offer options for veterans, service members, and their surviving spouses.The VA Loan is a Zero Down Payment loan for eligible veterans. Purchase or refinance up to 100% of your homes value with no monthly mortgage insurance.

Why choose a va home loan

  • No down payment required
  • No mortgage insurance required
  • Lower credit scores may be accepted
  • No prepayment penalty
  • Lower interest rates compared to conventional loans
  • Ability to finance closing costs
  • No limit on how many times the loan can be used
  • Available for eligible veterans and active-duty military personnel

How VA Loans Work

  • 30-, 25-, 20- and 15-year terms are all available with fixed rates.
  • 5-year adjustable-rate mortgage available.
  • Jumbo VA loans Available up to 2 million
  • Typically, lower rates and less restrictive qualification standards vs Conventional financing.
  • VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans.
  • No monthly PMI (Private Mortgage Insurance).
  • VA loans are governed by the U.S. Department of Veterans Affairs.
  • Pay your mortgage off at any time without pre-payment penalties.
  • **Cornerstone First Mortgage, Inc. is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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