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- Many service members and veterans do not have to make a down payment for a VA loan.
- It can be easier to qualify for a VA loan compared to a conventional loan even if your credit isn’t excellent or if you have some debt.
- You may qualify for a lower interest rate so you will pay less over time with a VA loan.
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- A VA loan lets you have low fixed interest rates available on various mortgage terms.
- If you are looking for a more short-term option, you could still receive a low rate with an ARM.
- Intelliloan® also finances Jumbo VA loans of up to $1,500.
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- We are a VA-approved lender processing VA loans regularly.
- Our Home Loan Specialists work directly with the VA to expedite all of your paperwork, including the Certificate of Eligibility.
- You can complete your loan application online and still get that personal assistance with one of our VA loan specialists.
- Continue to receive all of the benefits from our dedicated customer service team long after you close your loan with us.
- You can make your monthly mortgage payments online after you close.
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- Is this your first time looking into at a VA loan? Your military service or situation should satisfy all of the VA guidelines for eligibility, but we can help you to find out.
- Have you previously used VA loan benefits? You might be able to use them again. We can help you with that as well.
- You can apply your basic housing allowance to make your monthly mortgage payments.
- VA loans do not require PMI (private mortgage insurance). This means a further reduced to your monthly payment.
- VA funding fee (this replaces PMI) could be rolled into the amount of your loan.
- You will not need a large amount money at closing because the VA places limits on what a lender may charge for certain fees.
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A COE (certificate of eligibility) is the official proof of your service and required qualification for a VA loan. You can get your COE from the VA by completing the VA Form 26-1880. This can also be done online.
Speak with a Home Loan Specialist right now.