Dove Mortgage, Inc
Call us at (912) 369 8296 or (912) 270 3178
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VA Home Loans |
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VA Home Loans
VA loans are designed to help active-duty military personnel, veterans and certain other groups become homeowners at an affordable cost. Benefits of the VA loan include:
• No down payment requirements, making the VA a truly no-money-down opportunity
• No mortgage insurance requirements and low closing costs, saving you money upfront and over time
• More flexibility in terms of credit and income history than other loans, making it easier for eligible borrowers to get a loan
The VA loan: Better than FHA and conventional loans?
The VA loan stands apart for its combination of low rates, no down payment and no private mortgage insurance.
Backed by the U.S. Department of Veterans Affairs, VA loans are designed to help active-duty military personnel, veterans and certain other groups become homeowners at an affordable cost.
The VA loan asks for no down payment, requires no mortgage insurance, allows flexible guidelines for qualification among its many other advantages.
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| 1 No down payment on a VA loan
2 No mortgage insurance for VA loans
3 VA loans have a government guarantee
5 VA loans don’t allow a prepayment penalty
6 Loans come in many varieties
7 It’s easier to qualify for VA loans
8 VA loan closing costs are lower
9 The VA offers funding fee flexibility
10 VA loans are assumable - most VA loans are “assumable,” which means you can transfer your VA loan to a future home buyer if that person is also VA-eligible
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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