VA Loans
At the Monsour Mortgage Pros, we are honored to assist our veterans. With family members who served in our military- it is personal to us! We make it a simplified and streamlined process for our Veterans.
You served your country, and deserve all the benefits of a VA loan!
What exactly is a VA Loan?- a VA Loan is a mortgage that is guaranteed by the U.S. Department of Veterans Affairs and issued by a private lender, such as a bank or mortgage company (like us!)
As an approved lender for the VA Home Loan Guarantee Program, Bank of England Mortgage can offer service members, veterans, and eligible surviving spouses favorable terms on all types of home mortgage products.
Benefits and Considerations
- Low or No Down Payment
- No Private Mortgage Insurance
- Simplified Approval Process
- Lower Costs
- VA loans restrict certain fees, like credit report fee, to lower some of closing costs. Additionally, rates for VA loans are very competitive and most times lower than standard conforming-conventional loan
REQUIREMENTS AND QUALIFICATIONS
- Military Members
- Surviving spouses
- You will need a Certificate of Eligibility from the VA to show that you meet these requirements
To find out more about why a VA Loan could be right for you, set up an appointment or apply now!
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