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below for our featured loan programs.
0% Down, No MI.
Offered in eligible areas.
Each program is a 30-year fixed rate mortgage.
0% Down, No MI
Standard closing time for each program is 4-6 weeks.
We Are Lenders, Not Brokers
With In-House Underwriting.
Official "HUD" Approved Lender
VA Loan Program
|The Department of Veterans Affairs (VA) was
established on March 15, 1989, succeeding the Veterans Administration.
It is responsible for providing federal benefits to veterans and their
In 1944 the original GI Bill was established which enabled the Department
of Veterans Affairs to guarantee home loans for Veterans.
The VA Loan Program is $0.00 down, 100% Financed,
and a 620 minimum credit score. What this means to you as
the home buyer is:
$0.00 Down - No cash required for down payment
1) The only cash you may need is for your Earnest
Money (which you provide to your realtor at the time your Purchase
Contract is accepted.)
2) Appraisal Fee (Fixed fee
of $450.00) collected at the time you have an accepted purchase contract.
100% Financed - VA allows lenders to finance up to 100%
of the appraised value of the home.
No MI/MIP - MI stands for Mortgage Insurance. MIP
stands for Mortgage Insurance Premium. This is an Insurance Policy
that is required by the government for any loan program that has a down
payment of less than than 20% of the sale price. If you were
going with any other loan program you would be required to pay MIP.
Because the VA Loan Program is guaranteed by the Department of Veterans
Affairs there is NO MI/MIP.
620 Minimum Credit Score - While The Department of Veterans
Affairs does not have a minimum credit score requirement for VA Loans, all Investors currently have a 620 minimum credit score requirement
If you have any additional questions,
don't hesitate to call us at: 330-337-3260
Toll Free at: 866-920-9305
Fax us at: (330) 337-3266