VA Loans Available With A 580 Credit Score - A Great Option for Veterans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
Benefits of VA Loans
You can buy a home with no money down.
You never have to pay PMI (Private Mortgage Insurance).
Sellers can pay your closing costs.
They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
Who's eligible for a VA Loan?
As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.
I served 181 days during peacetime. (Active Duty)
I served 90 days during wartime. (Active Duty)
I served 6 years in the Reserves or National Guard.
I am the spouse of service member who was killed in the line of duty.
I currently receive disability payments from the VA.
The Most Common Types of VA Loans:
30 Year Fixed Loan Benefits: fixed monthly payments
15 Year Fixed Loan Benefits: Pay less interest than the 30 year Fixed and pay your home off more quickly.
5/1 Hybrid ARM Benefits:Lower rate than the 15 or 30 Year Fixed
Check to see if you qualify for a VA Loan:
To see if you may qualify for a VA Loan complete the easy 10 second application. We will contact you quickly to tell you if you qualify for a VA Loan with NO obligation. Your information is 100% confidential. We are VA Loan Experts and we welcome bank turndowns.