As a veteran or active service member, a VA mortgage could offer you fewer restrictions and more benefits than a traditional or conventional mortgage.  The program eligibility includes nearly every type of primary residence, and offers a long list of advantages not included in other programs:

Advantages

• No monthly mortgage insurance (PMI)
• Gift funds acceptable for closing costs
• No cash reserve requirements
• A variety of terms and loan types are available
• Available for purchase and refinance
• Reduced fees for disabled veterans
• The seller can pay for closing costs
• Seller pays for any required repairs
• No pre-payment penalty
• VA appraisals are transferable
• A veteran that is considered at least 10% disabled by the VA can completely waive their Funding Fee

To find out if you qualify, have your Certificate of Eligibility (COE) handy and. If you don’t have your Certificate of Eligibility with you, we can help you get it!