Start Now
We know there’s no such thing as one size fits all. VA Loan Captain is committed to helping military men and women find the right loan for them. From understanding the VA loan basics to securing your letter of eligibility, we’ll be by your side, committed to first-class customer service.
We only work with a network of pre-approved lenders who share that vision. We promise you’ll always get honest and helpful advice; both from us and our lenders.
Get a no obligation quote on a VA Home Purchase or VA Home Refinance… or call 855-825-2278 for us to help verify your eligibility.
Am I eligible?
If you served on Active Duty or you were a Reservist called to Active Duty (other than training) you very likely qualify for the VA Home Loan Guarantee.
Get started with a no obligation quote for a VA Home Purchase or VA Home Refinance loan. If you don’t fall into the above category, find out more about Eligibility.
What documents do I need?
All you need is a Certificate of Eligibility and we’ll help you with that, too.
Article source: https://www.valoancaptain.com/
May 12
13
VA Loan Consultation
Military vets across the country and overseas are qualifying for the zero down home loans. VA mortgage applicants can select from fifteen or thirty year terms. Most Veteran borrowers opt for the 30-year loan term for debt to income purposes. The 30 year VA mortgage rates are so low it’s hard to justify not locking in now. One of the great benefits of being a veteran is the VA guarantee for home loans. Since our government insures VA home loans to 100%, mortgage lenders and new home buyers have little to lose.
If you’re a veteran and you have an adjustable rate mortgage, we strongly recommend considering a VA loan. Now is the time to utilize your VA certificate of eligibility and utilize a VA refinance to lock into a fixed interest loan while the VA rates are so low and affordable.
- 100% VA Loans with No Money
- No Monthly VA Loan Insurance
- Top Rated VA Mortgage Lenders
Our VA mortgage lenders offer home loans from $100,000 to $729,000. The VA loan limits vary depending upon state, county cost of living associated with your region.VA loan limits for high cost states like California, New York and Maryland were raised recently. California VA loan volumes continue to lead the nation. Find out which VA mortgage loan meets your needs and qualification.
Article source: http://www.vahomemortgageloans.org/
More than 29 million veterans and service personnel are eligible for VA financing. Even though many veterans have already used their loan benefits, it may be possible for them to buy homes again with VA financing using remaining or restored loan entitlement.
Before arranging for a new mortgage to finance a home purchase, veterans should consider some of the advantages of VA home loans
1. Most important consideration, no downpayment is required in most cases.
2. Loan maximum may be up to 100 percent of the VA-established reasonable value of the property. Due to secondary market requirements, however, loans generally may not exceed $203,000.
3. Flexibility of negotiating interest rates with the lender.
4. No monthly mortgage insurance premium to pay.
5. Limitation on buyer’s closing costs.
6. An appraisal which informs the buyer of property value.
7. Thirty year loans with a choice of repayment plans:
a. Traditional fixed payment (constant principal and interest; increases or decreases may be expected in property taxes and homeowner’s insurance coverage);
b. Graduated Payment Mortgage–GPM (low initial payments which gradually rise to a level payment starting in the sixth year); and
c. In some areas, Growing Equity Mortgages-GEMs (gradually increasing payments with all of the increase applied to principal, resulting in an early payoff of the loan).8. For most loans for new houses, construction is inspected at appropriate stages to ensure compliance with the approved plans, and a 1-year warranty is required from the builder that the house is built in conformity with the approved plans and specifications. In those cases where the builder provides an acceptable 10-year
warranty plan, only a final inspection may be required.9. An assumable mortgage, subject to VA approval of the assumer’s credit.
10. Right to prepay loan without penalty.
11. VA performs personal loan servicing and offers financial counseling to help veterans avoid losing their homes during temporary financial difficulties.
Back to top
Article source: http://mortgage-x.com/articles/va.htm
Texas, Florida, Colorado, California (PRWEB) April 18, 2012
The newest VA Mortgage Experts are spreading VA Home Loans out to Veterans across the nation and were recently licensed in another state, which is Sunny California. To no surprise at all, the mortgage company named “Security America Mortgage, Inc.”, continues to bring a smile to the faces of many Americans who served the United States Armed Forces with honor, and all by helping military members obtain the home of their dreams.
Recently, the company aided Veterans with answers to some serious questions concerning the VA home loan process. Below are some common VA Loan FAQs that Veterans and Military Members still in Active Duty usually get stumped on.
The first question commonly asked is probably the easiest one to answer, which is, “How much is my VA Entitlement?” The answer is as simple as this: For all military members, their basic VA entitlement is $ 36,000. For VA loans in excess of $ 144,000 to purchase or construct a home, additional entitlement up to an amount equal to 25 percent of the VA county loan limit for a single family home may be available. This VA loan limit can change yearly. VA county loan limits for 2009 are available at this link. The conforming loan limit for 2008 is $ 417,000 ($ 625,500 for Hawaii, Alaska, Guam and U.S. Virgin Islands). What this means is that all qualified veterans could get a no down payment purchase home loan for the listed amounts.
The next question during the VA Home Loan Process is, “How do I get a Certificate of Eligibility?”
At Security America Mortgage, as with most VA lenders with websites, it may be possible to obtain a Certificate of Eligibility online using a common “Get Started” form. Most lenders have access to the Web LGY system too, which is an internet based application that establishes eligibility AND issues an online Certificate of Eligibility in a matter of a few seconds. However, not all cases can be processed through Web LGY – only those for which VA has sufficient data in our records.
For Veterans who like to take the more independent role can also apply for a Certificate of Eligibility by submitting a completed VA Form 26-1880, Request For A Certificate of Eligibility, to the Winston-Salem Eligibility Center, and including their proof of military service (DD214).
And now for the BIG question that scares many potential VA homeowners away falls under the phrase, “How do I obtain a VA Home Loan?”
The simplified steps to obtaining a VA Home Loan are as follows:
1. Select a home and discuss the purchase with the seller or selling agent. Sign a purchase contract conditioned on approval of your VA home loan.
2. Select a lender, present them with your Certificate of Eligibility if available, and complete a loan application. The lender can also obtain a Certificate of Eligibility on your behalf.
3. The lender will develop all credit and income information. They will also request VA to assign a licensed appraiser to determine the reasonable value for the property. A Certificate of Reasonable
4. Value will be issued. Note: You may be required to pay for the credit report and appraisal unless the seller agrees to pay.
5. The lender will let you know the decision on the loan. You should be approved if the established value and your credit and income are acceptable.
6. You (and spouse) attend the loan closing. The lender or closing attorney will explain the loan terms and requirements as well as where and how to make the monthly payments. Sign the note, mortgage, and other related papers.
The benefits of a VA home loan often come up as soon as veterans realize how easy obtaining a VA Home Loan is. Many who apply may even ask, “What’s the Catch”? The catch is a Big Fish made of; Equal opportunity. No down payment requirements. Buyers who are informed of reasonable value. Negotiable and flexible interest rates. The ability to finance the VA funding fee.
Closing costs are by far better than other home loan financing types.
Other VA Home Loan Benefits include: No mortgage insurance premiums. An assumable mortgage. Right to prepay without penalty. For homes inspected by VA during construction, a warranty from builder and assistance from VA to obtain cooperation of builder. VA assistance to veteran borrowers in default due to temporary financial difficulty, and so on, and so forth.
The last step is qualifying for a VA home loan. At this point questions come up, like, “May a veteran join with a non veteran who is not his or her spouse in obtaining a VA loan?” Besides the fact that the VA guaranty is based only on the veteran’s portion of the home loan, the answer is still a surprising, yes! Unlike other home loans like FHA and conventional, mortgage lenders must submit joint VA home loans to VA for approval before they are accepted for a mortgage finance.
To learn more about buying a home in Texas, Florida, Colorado, and California, contacting a VA Loan Expert for free is the best route to take when taking the first step.
Find More Online Security Press Releases
Related Blogs
The VA Loan has many advantages that make it one of the most appealing paths to homeownership — and this great benefit is reserved exclusively to those who bravely served our country and select military spouses.
When combined, the benefits of the VA mortgage allow service members and veterans to take advantage of substantial cost savings under qualification requirements designed specifically for members of the military and their unique needs.
Article source: http://www.veteransunited.com/
Explore Your VA Refinance Options
Investigating your VA refinance options may help you reduce your current mortgage interest rate so you can start saving more money every month.
Keep reading to learn more about the refinancing options that are available to you and how we can help.
If you’d like to discuss your VA refinance plan with a professional, then feel free to give us a call at 888-256-5387 or click here to fill out our online contact form.
VA Streamline Refinance: IRRRL
One option to explore is the Veterans Administration’s Interest Rate Reduction Refinance VA Loan program, or IRRRL – also known as a “VA to VA refinance” or a VA streamline refinance loan.
If you bought your home when interest rates were higher, the VA refinance Streamline loan could mean significant savings in your monthly mortgage payment with reduced documentation and no appraisal.
Click here to discover the advantages of a VA to VA refinance.
VA Energy Efficient Mortgage: EEM Home Improvements
Are you ready to go “green” and take advantage of an energy efficient mortgage?
With VA’s Energy Efficient Mortgage program, you can add the cost of installing solar heating and air conditioning systems, insulation and other forms of weatherization home improvements to your VA refinance loan. Or – if you qualify – you can take cash out of your loan up to 90% of your home’s value.
Click here to learn more about whether a VA Energy Efficient Mortgage is right for you.
VA Cash Out Refinance Loans
Are you interested in refinancing your VA loan to take advantage of current mortgage refinance rates?
VA home loans aren’t just for new home purchases. Eligible, qualified borrowers can also use VA refinance loans for their current mortgage – even if the original mortgage wasn’t secured through VA. We can help you refinance up to 90% of your home’s value.
Don’t let this opportunity pass you by. Get in touch with the team at VAMortgage.com and we’ll happily give you the information you need to start refinancing your loan.
Click here to learn more about VA Cash Out Refinance Loans and what we can do for you.
Get Started Today!
If you’re ready to get started, give us a call at 888-256-5387 and say, “I’d like to hear more about my VA Refinance options.”
We’ll guide you through the process of selecting the option that works best for you and would be happy to answer any questions you may have.
You can also fill out our VA Loan pre-application by clicking here!
Go from VA refinance to the VAMortgage.com Homepage
Article source: https://www.vamortgage.com/va-refinance
Mortgage Research Center receives Top 100 ranking for national award.
Columbia, Mo., Aug. 24, 2007 — Mortgage Research Center (MRC), a national leader in veterans administration loans, has been named to the 26th annual Inc. 500 list of fastest-growing private companies in the U.S. Based on its 3-year sales growth of 1,555.3 percent and annual revenue of $10.2 million, MRC ranked No. 96 among the 500 companies chosen by Inc. magazine.
“We are proud to be recognized as one of the fastest-growing companies in the nation,” said Nathan Long, CEO of Mortgage Research Center. “This ranking reflects the dedication of our team members to the clients we serve. By helping them find the right loans, we are hoping to enhance our clients lives.”
The 2007 Inc. 500 list measures revenue growth from 2003 to 2006. MRC was among 34 companies ranked in the financial services category. To qualify, companies had to be U.S.-based, privately held and independent – not subsidiaries or divisions of other companies – as of Dec. 31, 2006 and have had at least $200,000 in 2003 revenue and revenue totaling $2 million or more in 2006. The Inc. 500 list is featured in the September issue of Inc. magazine. Visit the Inc. 500 website for more information.
About Mortgage Research Center
Founded in 2002 with three employees, the Columbia, Mo.-based Mortgage Research Center specializes in VA home loans. As of August 2007, the company had more than 80 employees and is licensed to originate loans in 46 states.
Get Started With Your VA Loan Request
Article source: http://www.vamortgagecenter.com/inc500.html
Eligibility for the VA Home Loan Program
Who’s Eligible for a VA-Backed Loan?
- Veterans
- Active duty personnel
- Reservists/National Guard members
- Some surviving spouses
Go to Eligibility Rules for detailed information. You might also want to look at our Frequently Asked Questions (FAQs).
How Do I Prove to the Lender that I’m Eligible?
You’ll need a Certificate of Eligibility (COE) before you can get a VA-backed loan. This section shows how you can apply for one.
Among categories A, B, and C below, find the one that matches your situation.
Category A: Veterans, Active Duty, and Reservists/National Guard Members Who Have Served on Active Duty
You can get a Certificate of Eligibility (COE) in any of three ways:
- Apply online. To get your Certificate of Eligibility (COE) online, please go to the eBenefits portal at this link. If you already have login credentials, click the Login box, and if you need login credentials, please click the Register box and follow the directions on the screen. If you need any assistance please call the eBenefits Help Desk at 1-800-983-0937. Their hours are Monday-Friday, 8am to 8pm EST.
- Apply through the lender. In many cases, lenders can obtain a Certificate online in minutes. Check the table below entitled, “Evidence Needed for the Certificate of Eligibility.”
- Apply by mail. Use VA Form 26-1880. Return it to the address shown on the form. If you can’t print the form, just call 1-888-768-2132 and follow the prompts for Eligibility. We can mail it to you.
Evidence you’ll need when you apply (Category A)
Category B: Reservists/National Guard Members Who Have Never Served on Active Duty
You can get a Certificate of Eligibility (COE) in any of three ways:
- Apply online. To get your Certificate of Eligibility (COE) online, please go to the eBenefits portal at this link. If you already have login credentials, click the Login box, and if you need login credentials, please click the Register box and follow the directions on the screen. If you need any assistance please call the eBenefits Help Desk at 1-800-983-0937. Their hours are Monday-Friday, 8am to 8pm EST.
- Apply through the lender. Your lender can submit your application online for you. Check the table below entitled, “Evidence Needed for the Certificate of Eligibility.”
- Apply by mail. Use VA Form 26-1880. If you can’t print the form, just call 1-888-768-2132 and follow the prompts for Eligibility. We can mail it to you.
Evidence you’ll need when you apply (Category B)
Category C: Surviving Spouses of Veterans Who Died In Service or As a Result of Service
You must apply for the Certificate by mail.
If your veteran spouse died after service, VA must determine that the death was due to a service-connected disability. Please allow 2-3 months for this process unless you know that the decision on service-connected death has already been made.
Apply using VA Form 26-1817. If you can’t print the form, just call 1-888-768-2132 and follow the prompts for Eligibility. We can mail it to you.
Send the completed form to:
VA Loan Eligibility Center
Attn: COE (262)
PO Box 100034
Decatur, GA 30031
Evidence you’ll need when you apply (Category C)
What Evidence Will I Need to Get the Certificate?
The evidence you need depends on the nature of your eligibility. This chart explains.
Evidence Needed for the Certificate of Eligibility
If you are. . .
You should submit . . .
Veteran
(Includes a member or former member of the National Guard or Reserves who was once activated for Federal Service)
DD Form 214; We are required to have a copy showing the character of service (item 24) and the narrative reason for separation (item 28).
Active duty servicemember
A current statement of service
signed by (or by the direction of):
the adjutant, personnel office, or commander of the unit or higher headquarters
showing:
Your full name
Social Security Number
Date of birth
Entry date on active duty
The duration of any lost time
The name of the command providing the information
Back to Category A
If you are. . .
You should submit . . .
Serving now in the Selected Reserve or the National Guard and have never been activated for federal service
Statement of service
signed by (or by the direction of):
the adjutant, personnel officer or commander of your unit or higher headquarters
showing:
Your full name
Social Security Number
Date of birth
Entry date on duty
The total number of creditable years of service
The duration of any lost time
The name of the command providing the information
A discharged member of the National Guard who has never been activated for federal service
Either:
NGB Form 22, Report of Separation and Record of Service, for each period of National Guard service
OR
NGB Form 23, Retirement Points Accounting, and proof of the character of service
A discharged member of the Selected Reserve who has never been activated for federal service
Copy of your latest annual retirement points statement and evidence of honorable service
Back to Category B
If you are. . .
You should submit . . .
The surviving spouse of a servicemember who died on active duty
If you’re already receiving Dependency and Indemnity Compensation (DIC), you don’t need to send any documents.
If you don’t receive DIC, please send us
- A copy of the DD Form 1300 (Report of Casualty) from the military
- A copy of your marriage certificate
It would be a good idea to add a simple signed statement saying that you would like to apply for DIC. If you qualify for the home loan benefit, you probably qualify for monthly payments under DIC.
Put the servicemember’s Social Security number on all documents.
The surviving spouse of a veteran who died as a result of military service
If you’re already receiving Dependency and Indemnity Compensation (DIC), send us a copy of your award letter.
(Generally, you will already have a record on file at a VA regional benefits office.)
If you don’t receive Dependency and Indemnity Compensation (DIC), please send us
- A copy of the veteran’s DD Form 214
- A copy of the veteran’s death certificate
- A copy of your marriage certificate
We recommend that you add a simple signed statement saying that you would like to apply for DIC. If you qualify for the home loan benefit, you probably qualify for monthly payments under DIC.
Put the veteran’s Social Security number on all documents.
Back to Category C
Article source: http://www.homeloans.va.gov/eligibility.htm
Welcome to VAHomeLoans.net, your one-stop source for information and free quotes on Veteran home loans. We specialize in VA home loans and mortgage refinancing and take pride in serving those who have so unselfishly served our country in the Armed Forces. We work closely with veterans to help make the process quick, easy, and hassle-free.
A VA home loan is a special loan that is part of the benefits package provided to members of the United States Armed Forces. VA loans are available for those who have served in any branch of the US Armed Forces and are available for both new purchase loans as well as refinances. These loans allow veterans to purchase a home, or refinance their existing home, and receive a loan interest rate that is lower than rates available to other home buyers.
In addition, VA loans come with certain perks that are not available on conventional loans. Some of the perks include:
- Lower interest rates than those provided on conventional (non-VA) loans
- Guaranteed and insured by the Department of Veteran Affairs
- Require little to no down payment
- Seller is required to pay all closing fees
- Additional benefits available to remodel your home or perform energy efficient upgrades
VA loans have countless benefits and take the same amount of time and effort to apply for as a regular home loan.
VA loans are available to qualified veterans and members of the US Armed Forces. Veterans who were honorably discharged from the military are most likely to qualify. To check to see if you qualify for a VA loan, you must obtain your DD214 certificate or use the VA email eligibility confirmation system.
Today’s Mortgage Rates
Thursday, May 3, 2012
VA loans are easy to apply for and provide fantastic benefits. One of the best things about a VA loan is that it is written and issued by a normal lender such as a bank or credit union, and is insured by the VA. This means that if you have issues with your VA loan or if you want to change or refinance your loan terms, you don’t have to deal with the government, just simply speak with your local lender.
Because so many lenders are licensed to issue VA loans, it is best for you to shop around and compare the various rates provided by a variety of lenders. VAHomeLoans.net makes it easy to compare rates and receive a free quote from lenders in your area. We are here to assist you in making sure that you receive the best rate on your home loan and to help you save as much money as possible.
At VAHomeLoans.net, it is our pleasure to help you get started in your search for a VA loan or mortgage refinance. We have taken the work out of searching for a licensed lender and have teamed up with several nationwide lenders to help you find the best rates available. All of this adds up to thousands of dollars of savings on your home with little effort on your end. Simply fill out our quick form and let us do the work for you. Why wait any longer to save money on your home? Let us help you start saving money today.
Article source: http://www.vahomeloans.net/
May 12
4
VA Home Loan Program Eligibility
VA Home Loan Program Eligibility
- Am I eligibile for a VA loan?
- Eligiblity FAQs
- Contact the Eligibility Center
- More Info
You can get a Certificate of Eligibility (COE) in any of three ways:
- Apply online.
To get your Certificate of Eligibility (COE) online, please go to the eBenefits portal at this link. If you already have login credentials, click the Login box, and if you need login credentials, please click the Register box and follow the directions on the screen. If you need any assistance please call the eBenefits Help Desk at 1-800-983-0937. Their hours are Monday-Friday, 8am to 8pm EST. - Apply through the lender.
Your lender can submit your application online for you. Click here for a list of evidence you will need to apply. - Apply by mail.
Use VA Form 26-1880. If you can’t print the form, just call 1-888-768-2132 and follow the prompts for Eligibility. We can mail it to you.
Reviewed/Updated Date: April 6, 2012
Article source: http://www.benefits.va.gov/homeloans/elig_center.asp