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VA Home Loans
VA Home Loans

VA Home Loans

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VA Home Loans

As a Veteran, you may find yourself in one of the following situations: You need to purchase a new home for you and your family. You need to refinance your existing home to lower your mortgage payments and ease financial burdens. You need extra cash to pay off debts, medical bills, education costs, etc. You were injured in the line of duty and now need to modify your home to accommodate your disability and increase your quality of life.

VA home loans are guaranteed by the U.S. Department of Veterans Affairs. The VA helps service members, Veterans and eligible surviving spouses become homeowners. As part of their mission to serve you, they provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain or adapt a home for your personal occupancy.

No matter what your situation is, iServe residential lending wants to help you with your home goals. Our VA Home Loan Program offers advanced benefits, compared to most lenders, enabling you to take full advantage of all the VA mortgage loan program has to offer.

 



Veterans Home Loans

Why use a VA Home Loan? 

VA guaranteed purchase loans may help you purchase a home at a competitive interest rate often without requiring a down payment or private mortgage insurance. VA refinance loans can be used to replace your high interest or variable rate mortgage with a lower fixed rate mortgage. VA cash out refinance loans allow you to take cash out of your home equity to take care of concerns like paying off debt, funding school, or making home improvements.Interest Rate Reduction Refinance Loan (IRRRL), also called the Streamline Refinance Loan, can help you obtain a lower interest rate by refinancing your existing VA loan.

Who qualifies for a VA Mortgage Loan?

  • Veterans
  • Reservists
  • Active-duty personnel
  • Surviving spouses of veterans

The length of your service or service commitment and/or duty status may determine your eligibility for specific home loan benefits. Qualifcation for a VA Home Loan will also be dependent your credit score, income, a valid Certificate of Eligibility (COE), and meeting certain service requirements.

What are the benefits of a VA Home Loan?

  • Zero down payment
  • 100% financing towards purchasing a new home, refinancing a current mortgage, or improving an existing home
  • No monthly mortgage insurance premiums
  • Closing costs may be paid by the seller
  • VA rules limit the amount you can be charged for closing costs
  • Can be used more than once

VA home loans are designed specifically to make the dream of homeownership a more affordable reality for military families. Veteran’s home loans offered by private mortgage lenders generally offer favorable terms that include reduced out of pocket expenses and no down payment options.

What properties qualify?

  • 1-4 unit residential properties
  • Approved condos
  • Townhouses

The VA loan program takes into account the fact that there's no one-size-fits-all solution for every veteran. Whether your dream is a single-family home with a back yard or an investment in a multifamily property that may bring in extra income, VA home loans for veterans will help you move in to the right house, townhouse or condo for you.

The iServe VA Home Loan Program

  • 100% Purchase Financing
  • 100% Cash Out Refinance
  • Up to 135% LTV on Interest Rate Reduction Refinance Loan (on an existing VA loan)
  • VA Adapted Housing Grants

When you're ready to explore your VA mortgage loan options, let iServe Residential Lending, LLC serve you. Our veteran home loan programs follow all VA home loan regulations and offer the full slate of benefits you've earned. Let us help you move into the house of your dreams with affordable financing