VA Loans

Getting Home loan is made simple with HMA LLC.

What is a VA HOME Loans?

Veterans Affairs (VA) loans are loans provided to active-duty military and veterans.They have competitive low interest rates, no down payments for many veterans, low minimum credit score requirements, and no mortgage insurance, which makes them a cost-effective option for veterans.For those who qualify, VA loans are usually easier to obtain than conventional loans. VA loans mainly help you buy a home, refinance your home, or get easy cash from your home’s equity to spend on thr renovations or education requirements. They are backed by the Department of Veterans Affairs (VA) .they are similar to other types of loans, but with certain perks such as up to 100% financing (based on VA lending limits) for purchase loans, and up to 100% for cash-out refinances.

  • Veterans, active-duty personnel, and surviving spouses can qualify Competitive interest rates.
  • 0% down payments for many VA homebuyers.
  • Seller can pay all closing costs and escrows
  • Seller can pay debts in veteran’s name to help qualify.
  • Minimum credit score as low as 550
  • No mortgage insurance
  • One-time funding fee for most veterans.

Who can take adventage of VA HOME LOANS?

Active members of the military, veterans, and members of the National Guard qualify for VA home loans. They have generous terms, such as no down payment, no mortgage insurance, and no prepayment penalties.VA loans are also available to active and veteran service personnel and their surviving spouses, and are backed by the federal government but issued through private lenders like HMA!

Benefits and Tips for taking out a VA HOME LOAN

No Down Payment The ability to purchase with no down payment means military homebuyers don't have to scrape and stockpile for years and years to pursue a home of their own.

No Private Mortgage Insurance There is no mortgage insurance with VA loans.

Looser Credit Requirements The 620 benchmark is in FICO's "Fair" credit score range, which is a tier below "Good" and two below "Excellent." Contrary to misconception, VA buyers don't need anything near perfect credit to secure financing.

Payback assistance The VA as an organization will step in and negotiate with a lender when the borrower is having trouble paying the loan payments.

What’s Next?

After you purchase your home and get your loan, you may think that everything is up to you to manage. But with the Home Mortagage Associates, you will continue to be supported and educated on how to manage your mortgage about your credit score, your finances and income. The Mortgages Under Management is a program that will guide you after getting the keys to your home. We offer quarterly updates and annual mortgage planning reviews for any changes in your life situations. Our goal is to make sure our clients have expert guidance at all times with have a perfect mortgage. Contact Home Mortagage Associates today to learn more about the ‘Mortgages under management’ program.

Choose the Right Mortgage for You

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