VA Mortgage Program
Mortgage 1, Inc., acts as a VA Automatic Lender, offering VA guaranteed loans to eligible veterans for home purchases. Backed by the U.S. Department of Veteran Affairs (VA), these loans provide a guaranty to protect the lender in case of non-repayment. With most cases requiring no down payment, VA guaranteed loans often feature lower interest rates compared to other loan options, making homeownership more accessible and affordable for our honored veterans.
What are The Advantages of VA Mortgages?
The VA Home Loan stands as the most influential tool in the home buying industry. Following the transformative impact of the GI Bill on post-War America, the VA Loan Guaranty Program has witnessed a surge since the housing crash. By supporting Service members, Veterans, and eligible surviving spouses, VA Mortgages empower them to achieve homeownership. Through loan guarantee provisions, the VA enables lenders to offer more favorable terms, making homeownership dreams a reality for our esteemed heroes.
- Primary Residence Only
- NO Mortgage Insurance
- Max Loan Amount: $424,100
- FICO 620+
- Mortgage can be Assumable for Other Veterans
- Flexible Down Payment Options as low as 0%
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