VA Loans Are Still The Best

VA loans are still the best financing option out there and in my dozen years as a Mortgage Planner there is no loan I enjoy originating more. Recently, we’ve seen even more enhancements to this loan program and I wanted to take this opportunity to remind you of the existing benefits of this type of loan while also highlighting some of the improvements.

VA Loans - The GreenHouse Group







For our active and retired military just what are the Benefits of VA?  Lets take a look.  

  • Zero Down Purchases
  • No Monthly Mortgage Insurance
  • Lowest Monthly Payment
  • No Prepayment Penalties
  • The Mortgage is Assumable
  • Competitive Interest Rates & Closing Fees
  • 100% LTV on Rate and Term Refinances
  • 90% Cash out Refinances
  • Credit Scores as low as 620
  • DTI up to 60% with Approve Eligible Findings – NEW!!!

Fixed rate only

If FICO score is < 640 and LTV > 95%, DTI is capped at 45%

  • Same Sex marriages are now allowed in certain states. VA must approve prior to submission to underwriting. We are good to go here in CA. – NEW!!!
  • Did you know we have a lender that pays for all VA non-allowable fees for the veteran? This is a big deal as non-allowable fees are typically part of the negotiation with the seller. Now a seller will not have to take this into account when considering an offer from a veteran. – — NEW!!!  

By David Hughson



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