Benefits of a VA Mortgage
Our most popular loan program… Super VA loans can be found right here.
Are you eligible?
- Veterans: If you served for at least 90 days on active duty during war time, you are likely eligible.
- Veterans: If you served for at least 181 days on active duty during peacetime, you are likely eligible.
- National Guard and Reserve: If you served for at least 6 years in the Selected Service or National Guard (with an honorable discharge), you are likely eligible.
- Eligibility: Detailed eligibility information can be found here: VA Home Loan Eligibility
- Streamline refinance (IRRRL): If you are currently in a VA loan, you can refinance with no appraisal and no income documentation. This loan lowers your rate and lowers your payment and can be closed quickly.
- Cash-out refinance: Payoff credit cards, consolidate debt, take cash-out for home improvements or for whatever you deem necessary.
- Purchase: Arguably the best purchase loan available, a VA purchase loan doesn’t require a down-payment and has the most forgiving underwriting guidelines of the major purchase programs.
- Jumbo VA loans: A VA Jumbo loan offers borrowers the benefit of the VA loan program for larger loan amounts. VA Jumbo loans by Affinity Mortgage feature our low rates, low closing costs and quick closings.
Yes, you absolutely can use us for your loan.
Just give your real estate agent’s contact information to me and I will take it from there. I have Real Estate Agents all across the U.S. that i work with on a daily basis. Your real estate agent will love working with me!
Great question! We process all loans at our headquarters in Prairie Village, Kansas (a suburb of Kansas City) and we work with title companies in your area for title and closing services. So you will always close in your home or office or at a title company office location close to you.
Further, our central location helps us do the great loans that Fountain Mortgage is known for. We don’t have a fancy office tower. We don’t advertise during the Super Bowl. Why? Because those things are expensive and would prohibit us from doing some of the best loans on the planet.
It is strongly recommended as there are several benefits to getting pre-approved. For starters, you will know how much house you can buy. For example: If you are looking at a $400,000 house but aren’t sure if you can afford that much… the simple pre-approval process will show you just how much you can spend.
Another benefit to getting Pre-Approved is that you are making yourself a more desirable buyer. To put it another way: If you were selling your home, would you rather accept an offer from a buyer who has spoken to a lender and received a pre-approval for their loan … or would you rather accept an offer from a buyer who hasn’t talked to anyone?
Note that being pre-approved does not guarantee loan approval; loans are underwritten once a purchase contract has been signed by all parties.
VA loans: No. There is never PMI with a VA loan. Yes, VA loans are quite wonderful!
FHA loans: Yes. FHA loans do require a PMI payment until you refinance out of the loan or until it is paid off.
Conventional loans: We have several options for eliminating the monthly PMI payment on a conventional loan — even if you have less than 20% equity. Our “No Monthly PMI Conventional Loan” options are very popular. Call/text me at 913-735-5363 or email me at email@example.com to find out more.
Yes. We have a very deep portfolio of loan options for second homes or investment properties. Simply call/text me at 913-735-5363 to explore the options available for you.
Yes, there are several options available that can pay your closing costs.
For example: Some borrowers will negotiate to have the seller (the seller of the property they are buying) cover these expenses. Or some borrowers will use funds from the bank (the bank rebate) to pay their closing costs. Gifts from family members can also be used in some situations.
Of course there are terms and conditions and limitations that apply contact me at 913-735-5363 to find out what options may be available to you.
Each loan program dictates the down-payment amount that is required.
For VA loans, there is no down-payment required (0% down). For FHA, the minimum is 3.5%. And for Conventional, the minimum down-payment amount is as low as 1%.
Limitations apply to these requirements, depending upon your particular loan scenario, income or credit scores.
Our Streamline refinance programs, coupled with our excellent staff of processors, allow us to close most refinances in short order. Our underwriters are fast and responsive and make common sense lending decisions. Furthermore, with my almost decade of experience I can see things coming with your loan before they even happen, allowing me and my team to cut days and sometimes weeks off of your closing!
Simply call/text me at 913-735-5363 or email me at firstname.lastname@example.org to see how quickly we can get your refinance closed.
Some loan programs require a monthly PMI (Private Mortgage Insurance) payment if you are above 80% loan-to-value, but we have many loan options that may allow you to refinance without having to pay a monthly PMI payment.
Call/text me at 913-735-5363 or email me at email@example.com to find out exactly what programs you are eligible for.
One of the great benefits of refinancing your mortgage is that you may be able to payoff high-interest credit cards (or other debts). By rolling these debts into your mortgage, you will have a single payment that can save you hundreds of dollars each month.
Streamline refinance programs are wonderful and they exist for all major loan programs (Conventional, FHA and VA). For example: If you are currently in a VA loan, VA’s streamline refinance (the “Interest Rate Reduction Loan”, commonly referred to as “IRRRL”) makes your refinance super easy as most borrowers do not have to document income, nor assets, and there is no appraisal required. Further, Streamline refinances can typically close very quickly.
These Streamline refinance programs exist for Conventional and FHA loans as well and offer many benefits.
Call/text me at 913-735-5363 to find out exactly which Streamline programs you may be eligible for.
Regardless of the type of mortgage you are currently in (i.e., Conventional, VA or FHA), there are programs that may allow you to refinance into a better loan with a lower rate and lower payment. For example: The HARP program is for borrowers in Conventional mortgages. HARP, in some instances, will allow you to refinance regardless of how underwater or upside-down you are.
Likewise there are Streamline refinances for both the VA and FHA loans that allow you to refinance without the need for an appraisal as long as you are already in a VA or FHA loan.
Click the “Rate Quote” button (above) to find out exactly what programs you are eligible for.