VA Loan Benefits

Home / VA Loan Benefits

 

Why would a Veteran choose a VA Loan?

Zero Down Payment

  • VA loans typically do not require a down Payment
  • Conventional loan normally require at least a 5% down payment
  • FHA loans require a 3.5% minimum down payment.

NO MORTGAGE INSURANCE

  • Conventional requires mortgage insurance with a down payment of less than 20%
  • FHA requires mortgage insurance regardless of down payment and typically for the life of the loan

COMPETITIVE INTEREST RATES

  • Averages .25% lower than similar FHA loans
  • Averages .40% lower than similar conventional loans, even greater with lower credit scores.

FLEXIBLE UNDERWRITING GUIDELINES

CASH OUT REFINANCES UP TO 100%

 Streamline INTEREST RATE REDUCTION REFINANCE LOANS (IRRRLs)VERY limited documentation required

 

contact us for an honest, no pressure, no obligation conversation.   

Speak with a Team Souther VA Loan Specialist today 
CA:  760-994-4840   |    CO: 720-534-0800

 

Apply Now

 

A VA approved Lender, Not endorsed or sponsored by the Dept. of Veteran Affairs or any government agency.

 

Mortgage Calculator

Purchase price
Please enter here the amount you expect to pay for a home.
Enter a value
Down payment
Down payment is cash that you pay upfront for your home.
20.0%
Enter a value
Term in years
Number of years you have to pay.
years
Enter a value
Interest rate (per year)
The percentage of interest that you will pay on your mortgage for a specific term.
%
Enter a value
Property tax
Enter your property tax here if you know it.
per year
Enter a value
Home insurance
Most lenders require home insurance. Enter its price here.
per year
Enter a value
PMI
PMI is Private Mortgage Insurance which is usually required to pay if your Down payment less than 20%.
per month
Enter a value

Your total monthly payment


$

Principal & Interest
$
Home insurance
$
Property taxes
$
PMI
$