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Advantages VA Loans | All Western Mortgage

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Zero down payment, low credit requirements, absence of mortgage insurance, and flexible terms are just few of the many benefits offered by VA Loans – PowerPoint PPT presentation

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Title: Advantages VA Loans | All Western Mortgage


1
Things To Know About VA Loans
  • All Western Mortgage - Mortgage Loan Company
    Las Vegas

www.awmlending.com
2
  • VA loans demand has increased exponentially in
    the last few years. These loans do not require
    any down payment and are available to active
    military personnel and army veterans. Most
    online and private lenders offer these veteran
    loans, which are guaranteed by Department of
    Veteran Affairs. Therefore, they neither require
    any kind of Private Mortgage Insurance and nor
    any minimum credit. VA Loans are one of those few
    remaining mortgage options that do not require
    any down payment and therefore, have helped
    millions of army personnel to buy a home.

3
  • Eligibility Most veterans, members of the armed
    forces such as, military, reservists and National
    Guard are eligible for this loan. Spouses of
    military personnel who died on active duty can
    also apply for this loan. Active duty army
    members generally qualify for VA Loans after 6
    months of service, whereas reservists and members
    of National Guard must wait for 6 years before
    applying. However, if they are called on duty
    before that, 181 days of service is all they need
    to apply for this loan.

4
  • Advantages Zero down payment, low credit
    requirements, absence of mortgage insurance, and
    flexible terms are just few of the many benefits
    offered by VA Loans.

5
  • Fees The cost of VA Loans is a lot less than
    conventional loans, but it still requires a
    onetime funding fee of 2.15 of the loan amount
    if you are acquiring the loan at zero down
    payment. On the other hand, if you put in 10 as
    down payment, the fee gets reduced to 1.25.

Underwriting Requirements VA Loans dont have
any credit requirements, but private lenders
expect a credit score of at least 620 before
granting the loan.
6
  • If you are unsure about whether you qualify or
    not for VA loans, give All Western Mortgage a
    call on 702-850-2790 and we can help you out in
    understanding the concept of VA better. We have
    helped thousands of veterans with low credit
    score acquire their dream home. You can be one
    too. Call Now!

7
Contact us
  • Web www.awmlending.com
  • Email info_at_awmlending.com
  • Phone 702-850-2790
  • Fax - 702-369-0905

All Western Mortgage 8345 W Sunset Rd Suite 380
Las Vegas Nevada, USA. 89113
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