If you are serving or have served in our nation’s military, did you know that your VA benefits might qualify your for a zero down home loan in Stockton?
VA mortgages offer phenomenal benefits to qualifying veterans, active-duty service members, and eligible spouses. Along with zero down, they boast affordable rates, no PMI, low closing costs and more.
A VA mortgage is a one product which is insured by the Department of Veterans Affairs (VA). With the government insuring the mortgage, lenders can provide borrowers even without perfect credit with fantastic benefits.
If you are eligible for a VA loan in Stockton or elsewhere in California, these advantages make buying a home affordable and easy:
You can move into a new home immediately with zero down payment.
Because there is no down payment required, this may also increase the amount of home you can afford.
Qualifying recipients can look forward to some of the most affordable mortgage rates in Stockton.
Expect closing costs of 1-3% if the seller doesn’t cover them.
You will not pay a funding fee if you are a qualified disabled veteran.
There will be no prepayment penalty if you are able to pay off your home loan in full early.
You do not have to purchase private mortgage insurance (PMI) even with zero down with this type of loan.
Not at all. You also can apply for a VA mortgage to build a home, upgrade one or repair one. VA refinance mortgages are available as well.
Now that you are familiar with all the advantages that make VA mortgages some of the most affordable home loans around, you probably are trying to figure out whether you might be eligible. Following are the basic requirements.
VA loans are available to veterans, active-duty service members and eligible surviving spouses.
You must meet a minimum service requirement. The length of required duty depends on whether you served during wartime or peacetime, and during what era. With exceptions, 90 days of wartime service or 181 days of continuous peacetime service usually meet the requirements.
All branches of the military can qualify, as can activated members of the National Guard or reserve.
If you have been foreclosed on or have declared bankruptcy in the past, you may still qualify for a VA mortgage.
If a significant amount of time has passed since your service, this also will not stop you from obtaining a VA mortgage. This is not a benefit which expires. Even if you served decades ago, you can still purchase a home using a VA loan.
Have you used a VA loan to purchase a home before? This will not stand in your way of being approved for another now.
Don’t wait any longer to take advantage of your VA loan benefits and purchase the home of your dreams. During your consultation, we will help you determine if you qualify based on your service record. To get started, please call (209) 477-0262 or email firstname.lastname@example.org.
Top Rated Mortgage Broker In Stockton
H.O.M.E. Lending is located on 1919 Grand Canal Blvd A6, Stockton. Located about 10.5 miles from the Stockton Metropolitan Airport (SCK). From the 5 Fwy exit March Ln and turn east. Then turn right at the 3rd light (McGaw) and turn into the first drive way. H.O.M.E. Lending is located directly across the street from F&M Bank.
We are open Monday - Friday 8am - 6pm.
For additional questions you can call us at (209) 477-0262 or you can find us on Yelp.
H.O.M.E. Lending is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.