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.
How We Help
- Connect you with a trusted Military-Experienced Realtor in your new duty station.
- Provide insights on housing options.
- Guide you through VA loans, renting, or buying in your new area.
- Assist with selling your current home if you're relocating.
- Offer a Relocation Guide to give insight into your new area.
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