Our VA Loans are Low & Our Process is Quick and Painless. With No Down Payment options and fewer eligibility conditions our Fort Worth Texas Loan Team is standing by to help veterans save thousands each year on their refinance or home purchase
Fort Worth Veterans can take advantage of the full military benefits of having No Down Payment requirements allowing you to finance 100% of your home's purchase. Allowing veterans and active service members to
Veterans and active service members DO NOT need to provide a down payment of at least 20% to qualify for not paying the extra costs of private mortgage insurance. (PMI).
Since VA loans are backed by the government, there are fewer eligibility conditions such as no minimum credit score, more accommodating debt and income stipulations.
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.
Yes, it is required. It is a fee paid directly to the Department of Veteran's Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket.
It depends on several factors including: Whether you are Active Duty, Retired, Guard or Reserve and whether you this is a first time use, subsequent use, or a cash-out refinance as well as how much of a down payment you are putting down. The fee can range from as little as 1.25% up to 3.3% of the loan. Generally, the more money you put down the lower the VA funding fee. Please contact us and we will help you to determine how what the exact cost of the VA Funding Fee would be for your particular situation.
No, you can include the VA Funding Fee in your loan and pay the funding fee over the course of your loan.
Yes, however with a VA loan if you are purchasing a new home the seller can pay for all or part of your closing costs.
A VA Streamline Refinance is a refinance option that is available if you already have a VA mortgage and you want to lower your interest rate with little or no out-of-pocket closing costs. There is no appraisal and you don't have to verify income, assets or even have a job. This is the easiest loan in the marketplace for Veterans.