VA Home Loans


VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.

 

Other benefits of a VA loan include:

  • Negotiable interest rate.
  • Closing costs comparable – and sometimes lower - than other financing types.
  • No private mortgage insurance requirement.
  • Right to prepay loan without penalties
  • Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
  • Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.

 

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

 

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.

 

Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.

 

VA Home Loan Programs

Are you a veteran searching for a new home in the Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear? Do you want special rates reserved for our country's heroes? Do you need assistance achieving home ownership after serving in our armed services? Geneva Financial, LLC is proud to serve our veterans and active-duty families of the United States Armed Forces in Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear and provide excellent rates with our VA Home Loan Programs. The loan programs are specifically for VA members and have been helping our country's heroes get the homes they deserve.

What are the Benefits of a VA Home Loan?

VA Home Loans are some of the best loans in the industry, and aren't just limited to active duty veterans during war-time. Surviving spouses of veterans, National Reserve and Coast Guard members that have been in their respective service for 6 years, and even the citizens who served with the U.S. as allies in different engagements can all be eligible for the VA Home Loan Programs available in Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear. Also, 100% financing is available to the majority of VA-eligible individuals. There are programs available to VA home loan signers that help with payments during financial hardship, and there is no penalty for prepayment on VA home loans. Also, upfront fees associated with normal home loans are limited and capped by the VA, allowing a much more affordable entry point for veterans in the Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear.

Requirements and Restrictions of VA Home Loan Programs - Explained

There are some restrictions and requirements to qualify for a VA Home Loan in Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear, they are as follows:

  • Loan limits vary by county
  • The minimum credit score required varies depending on the program
  • You must be able to show earnest income and proof that you have the capability of paying the loan back
  • You must have served during war-time, or been active duty for a minimum of 24 months with any discharge besides dishonorable, or have been in the National Reserves or Coast Guard for a minimum of 6 years
  • If you are a surviving spouse of a veteran, there are time periods in which you could not have re-married in order to get a home loan

If you fit through all of these requirements, a VA Home Loan is possible and most likely your best option when financing your home mortgage in Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear.

Get a VA Home Loan Quote for Today

If you pass all these requirements and are looking for a home loan in the Metro Phoenix areas of Arizona in the cities of Peoria, Phoenix, Glendale, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear, there really is no better way to go than Geneva Financial, LLC. Contact us via e-mail at korene@klcsloanteam.com or by phone at 623-340-0934 today and we'll help answer any questions and tailor fit this program to work for you. 

Start Here to Save!

Complete the fields below and we can discuss your home loan needs in
detail.

Top of Form

I Welcome the Opportunity to Assist You!

* Purchase or Refinance:

 

 

 

 

Basic Pre-Approval

Get the Best Mortgage Rate!

Tell us a little about your current needs and we can use that
information to match you with just the right loan.

Tell us about your loan needs.
How can we get in touch with you?
Tell us about your credit history.
Fields with an * are required



 
State:
County:
City:
Zip: