VA Loans
Veterans Affairs loans (VA loans) started back in 1944, when the Servicemen’s Readjustment Act, commonly known as the GI Bill, was signed into law. The GI Bill aimed to assist World War II veterans by providing them with various benefits, including affordable home loans. The VA loan program was established to enable veterans to purchase homes without the need for a down payment, making homeownership more accessible to those who have served their country.
At United Faith Mortgage, our core beliefs are “faith and family,” and our hearts run deep for Veterans as well, which is why we have a special commitment to helping veterans get the help they need to buy a home.
What are the Benefits of a United Faith Mortgage VA Guaranteed Home Loan?
- 100% Financing
- $0 Down Payment
- No PMI (Private Mortgage Insurance) Required
- Credit Scores Down to 550 FICO
- One Time VA Funding Fee That Can Be Included In The Loan
- Veterans Receiving VA Disability Are Exempt From The VA Funding Fee
- VA Limits Certain Closing Costs A Veteran Can Pay
- VA Loans Are Government Backed & Offer Great Rates And Terms
- VA Loans Are Assumable*
- Surviving Spouses May Qualify for VA Home Loan Benefits*
Veterans and Service Members who qualify may also refinance an existing loan to consolidate bills, lines of credit, fund schooling or make home improvements.
Our United Faith Mortgage team is dedicated to helping our Veterans and military personnel and we are honored to be able to serve our heroes in home financing. We’d love to chat more about your options and how we can help you and your family move into a much-deserved home.
*Must meet eligibility requirements
*Some restrictions apply