VA home loans, Veteran Benefits... Virginia Mortgage Services handles them all!
Buying your first
home is one of the biggest and most important decisions you will
ever make. We understand that and want to make the process as
easy as possible. Whether you are a first-time home
buyer or are experienced with the process, we are here to
make your home buying journey a great one. Just follow these
quick and easy steps and you will be well on your way to owning
your own home in no time! Use our mortgage calculators to figure out how much
you can afford to pay for a home. Get pre-approved online for your home loan. Knowing that your
mortgage loan and credit report are already approved, will let
you look for your new home with confidence. Also, a pre-approval
lets the seller know that your offer is solid and that you are
a serious home buyer.
No money down for eligible
vets!
For qualified
applicants, the Veterans Administration guarantees loan amounts
up to $417,000. That means 100% financing and no mortgage
insurance. VA home loans also allow for the seller to contribute
funds towards closing costs. So the buyer can close on a home at
no additional expense! Virginia Mortgage Services offers a wide array of first time homebuyer
programs that would not have the funding fee that is
associated with the VA loans. Even if your credit is less than
perfect we have many alternatives with the FHA
loans. The Federal Housing Administration, or FHA, has many
FHA loan programs
that may offer lower rates and fees than the VA loan.
VA purchase loan
highlights:
• Low VA
mortgage rates from Virginia Mortgage Services Mortgage!
• 100% financing, no money down
• No lender or broker fees
• No reserves required
• No mortgage insurance (Private Mortgage Insurance, or
PMI)
• 24-hour turnaround for pre-qualified applicants
• 30 and 45-day mortgage rate-locks available
New! VA now
offers Adjustable Loan Rates!
The VA is now
offering VA adjustable rate mortgages. Click below to see if you
qualify for a 3yr or 5 yr ARM. There may be many reasons why the
VA ARM may be best for you. We will work with you in determining
which program best meets your needs. The VA adjustable
rate mortgage is fantastic for anyone who does not plan on
staying in their home for more than 7 years. It will help save
you a great deal of money because the interest rates are
generally much lower.
Many home buyers
are finding that a "VA hybrid ARM loan" that combines
the strengths of a fixed-rate and an adjustable-rate mortgage
best suits their needs today. Hybrid loans have an initial
fixed-rate period, so your mortgage payment will remain stable
then.
You can choose to enjoy fixed rates for anywhere from three to
five years before your mortgage adjusts to reflect current
interest rates. You benefit from a lower monthly payment than
what is offered on 30-year home loans, because you are not
paying for three decades of fixed rates.
Many owners find they are ready to move before their hybrid
mortgage rate adjusts. Locking in fixed rates is helpful now,
since a stronger economy means we will most likely have higher
rates in the future.
Virginia Mortgage Services is the VA Mortgage
Lender you need!
Contact us at Virginia Mortgage Services about your VA home loan today, to find out how different mortgage
options would fit into your budget. When you're ready to
move, we'll help you obtain financing that lets you reach
your goals. Start now by filling out our secure
online
application for VA home loans! Call us at
804.282.8808, Monday through Friday from 9 a.m.
to 5 p.m. Eastern time!
Get
more VA eligibility information from the VA
Website! |
