Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.
Down payment as low as 0%.
Competitive interest rates that are routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting
"We loved working with Matt. He was knowledgeable and very responsive, day and night actually. He'd kept us in the loop the whole time and made things easy to understand. I'd work with Matt again in a heartbeat."
"We have nothing but great things to say about our experience with Bobby. He was always responsive to our questions and supportive when we hit any bumps along the road. He is an experienced advisor and gave great attention to detail. We would highly recommend him to anyone going through the home buying experience."
"Randy is the best. He can be counted on to deliver. Where others talk about service he delivers. He worked our refinance on time and without a hitch. Our transaction was out of the ordinary as we own our house with our daughter and her husband. I couldn't be happier."
"We had a great experience through our refinance process. The team at Home Trust Financial was there every step of the way, answering questions, emailing and calling with status updates and working to ensure a smooth process. We highly recommend everyone give HTF the opportunity to earn your business. Thanks HTF! "