Apply For A VA Home Loan
If you’re a veteran of the military, Mortgage Loan Center is proud to offer you many financing options including the VA Home Loan.
The VA loan is one of the best benefits military veterans get and we make it easy for you to understand how to use your benefit. With 100% financing, flexible underwriting requirements, and low closing costs, there’s a lot to love about VA home loans.
While the process is a little different, at Mortgage Loan Center, we make it easy for you to get your VA home loan fast. Apply for a VA home loan today!
How to Qualify for a VA Home Loan
The VA home loan is government-backed, but you do all paperwork and qualifying with Mortgage Loan Center.
We walk you through the entire process including securing the loan, understanding how it works, and even securing your Certificate of Entitlement if you don’t have it.
But first, let’s discuss how you qualify:
- Minimum 620 credit score
- Maximum 41% debt-to-income ratio
- 2 years of stable income and employment
- Proof you’ll occupy the property as your primary residence
- Proof you’re entitled to a VA loan (COE)
- Proof you meet the disposable income requirements for your family size
The Benefits of a VA Home Loan
The VA home loan stands out from the other government-backed loans because of a few key benefits that veterans get:
- No down payment – We can finance your loan at 100% of the home’s value. There’s no limit as long as you have full entitlement and can prove you can afford the loan.
- Flexible underwriting requirements – The VA focuses on your disposable income to determine if you can afford a loan. This makes it much easier to get into a loan without perfect credit or the exact debt-to-income ratio required by the program.
- Low closing costs – The VA limits the closing costs veterans can pay, ensuring the loan is affordable for veterans to buy a home.
Refinancing your VA Home Loan
At Mortgage Loan Center, we’re proud to offer veterans not only purchase loans, but VA refinance options too. This includes the VA streamline refinance which allows you to refinance your mortgage with few qualifying requirements. If you can prove you made your last 12 months of mortgage payments on time, you may be eligible to refinance. Apply for a VA home loan today!
We even work with veterans who need to tap into their home’s equity with a cash-out refinance. Again, the VA loan program offers veterans an incredible cash-out refinance program that we’re happy to help you understand and qualify for. Apply for a VA home loan today!
Let Mortgage Loan Center Help you with your VA Loan
If you’re a veteran, let’s connect today. We’re happy to help those who served our country, getting you into a home loan that’s affordable and flexible – just what you need.
We look forward to assisting you with your VA home loan needs – call us today.