Loans in Columbia, MO
Designed to offer long-term financing to American Veterans, VA Mortgage loans are issued by federally qualified lenders, like USA Mortgage and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. VA Home loans have upfront funding fee, but this fee can be financed into the loan, and even with $0 down payment, there is no mortgage insurance expense added to the monthly payment. The VA loan also has the option to finance qualified energy efficient upgrades to the home you are purchasing or refinancing.
Advantages of VA Mortgage Loans
Who Can Benefit?
Clients who wish to put little or no money down.
Eligible Veterans and their spouses purchasing a primary residence.
Clients are looking for 100% financing within city limits.
Clients with lower credit scores and higher debt-to-income ratios.
USA Mortgage Advantage
Most competitive rates offered to eligible veterans.
The entire department dedicated to Veteran lending to best serve those who served us.
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I agree with Michael Cheng. If you have a great credit score, stable, verifiable income, verifiable cash on hand or assets, you are a dream client. By comparison shopping, you will be able to obtain a Loan Estimate from at least three different types of lenders: Talk with the mortgage department of where you currently bank. You already have a banking relationship with them. This is a good place to start. Next, apply with a local, licensed non-bank mortgage lender. Somebody located in the town in which you live. Last, apply with a local mortgage broker.