VA Home Loan
Mortgage-World.com is an online mortgage company specializing in a VA Home Loans.
We have over 20 years experience in the mortgage industry and we are licensed in New Jersey, Connecticut and Florida.
A VA Home Loan requires a minimum credit score of 500 with no down payment.
For a quicker response call 201.403.8673
VA HOME LOAN
To learn more, visit VA Loans.
Purchase:
- 500 minimum credit score
- No down payment required
- No monthly mortgage insurance
- Low interest rates
- Flexible credit requirements
Refinance:
- 500 minimum credit score required
- Up to 80% LTV (loan to value)
- No mortgage late payments in the last 12 months
- No monthly mortgage insurance
- Low interest rates
Property Type:
- Single Family
- 2 Unit
- 3 Unit
- 4 Unit
- Coop
- Condo
- Townhouse
- Second homes
- Manufactured homes
- Mobile homes
VA HOME LOAN
What is a VA Home Loan?
If you’re a veteran or active-duty service member looking to buy a home or refinance, you may be eligible for a VA home loan.
Because VA home loans are a great way to purchase a home or refinance, there will be no down payment and low interest rates. No monthly mortgage insurance is required as well.
Most lenders require a 620 credit score to qualify for a VA home loan. At Mortgage-World.com, we require a minimum credit score of 500.
What is needed to qualify for a VA Home Loan?
- 500 credit score of higher
- Certificate of Eligibility
- Served 90 consecutive days of active service during wartime
- Served 181 days of active service during peacetime
- Served six years in National Guard or Reserves
- You are the spouse of a service member who died in the line of duty or as a result of a service-related disability
How to Apply for a VA Home Loan:
- Obtain your COE from the VA
- Get Pre-Qualified to determine how much your can afford to borrow
- Complete the loan application process, including providing income and emplopyment documentation
- Close on your VA home loan!
What are the Benefits of a VA Home Loan?
- No monthly mortgage insurance
- Low interest rates
- Flexible credit requirements
- No pre-payment penalty
To learn more about VA-Backed Veteran home loans, visit U.S Department of Veteran Affairs.
For a quicker response, call 201.403.8673
Written by: Chris Luis, loan officer for Mortgage-World.com
- Chris Luis covers mortgages and the housing market. Chris Luis has over 20 years experience in the mortgage industry.
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