Mesa AZ VA Mortgage Loans
Mesa AZ VA Mortgage Loans
If you are a Veteran that lives in Mesa, often the best option when it comes to financing a home is a VA loan. A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders such as Academy Mortgage.
The VA loan is popular because it allows eligible Veterans to purchase a home with no money down and competitive rates such as a low, 30 year fixed rate — all without paying mortgage insurance.
Considering the strengths of the VA Loan, it is no surprise that its popularity has increased significantly in the last few years. In 2010 alone, the Department of Veterans Affairs guaranteed more than 314,000 loans totaling more than $65 billion.
Another benefit to having a Mesa AZ VA loan is that when interest rates go down, anyone who currently has a VA loan can easily refinance with the VA Streamline Refinance program which is designed to make it easy for Veterans to lower their overall monthly mortgage payment without having to fully re-qualify for another VA loan.
Mesa AZ VA Mortgage Highlights:
- Up to 100% financing when buying a house
- No mortgage insurance required on VA mortgages
- VA mortgages don’t have a prepay penalty
- Closing costs can be rolled into the VA mortgage
- VA mortgages require that a one-time funding fee be paid at loan funding
Mesa AZ VA Mortgages: Certificate of Eligibility
In order to qualify for a VA loan, it is important that you get a current copy of your Certificate of Eligibility which will show that you are indeed eligible for a VA loan. You must include your VA Certificate of Eligibility in your initial application packet that you submit when you apply for the loan.
VA Mortgage Experts in Mesa AZ
Our office is right here in Mesa and we have helped thousands of Veterans get a VA loan over the years. We are local Mesa VA loan experts and are happy to help you get into the right VA loan to finance your dream home! Contact one of our VA loan experts today.
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