Veterans and Active Military Qualify for VA Loans

VA-guaranteed loans are loans that are guaranteed by the Veterans Administration and offered by private lenders (such as banks, savings & loans, or mortgage companies). Whether purchasing or refinancing a home, these loans are specifically geared towards those who have served or still serve in the U.S. Military and under certain circumstances, their surviving spouse if qualified.

Benefits of Buying a Home with a VA Loan

·         No down payment required on VA Loans to $417,000

·         May be used to purchase single family homes and two to four units

·         Veterans may purchase homes and/or refinance up to $1.5 million (subject to specific VA and private lenders terms and qualification guidelines, down payment may be required).

·         Less than perfect credit may not be a problem

·         Seller may pay all of the Veterans closing costs

·         Funding fee can be rolled into your loan

·         No monthly mortgage insurance

·         No prepayment penalty

Refinancing a VA loan

·         Cash-Out Refinance – The maximum cash out allowed on a VA loan is based on 90% of the current appraised value or sales prices, whichever is less if purchased within the last year and cannot exceed $ 144,000

·         VA Rate Reduction Refinance – Also known as a VA Streamline loan does NOT require an appraisal, credit qualifying, money out of pocket and the funding fee can be rolled into the refinance loan.

Utilizing our state-of-the-art technology, coupled with our experience, knowledge and award winning customer service, we at Inman Mortgage are committed to your best interest! Not only will we earn your trust, but we promise to simplify the entire process while providing the most competitive interest rates, costs and terms!

 Simply put, our foundation is built on honesty, integrity and transparency!    Contact us today and receive the personalized and professional service our clients have come to expect and you deserve!