This no-down-payment loan option was created especially for qualified veterans, service members and their spouses.
VA loans are a more affordable option for qualified veterans, service members and their spouses.
VA loans are backed, or guaranteed, by the Department of Veterans Affairs. There are different loan types with fixed or adjustable interest rates, and a range of loan terms.
To qualify for a VA loan, you’ll need:
You or a spouse must move into the home within 60 days. There are exceptions to this, including deployment.
|VA 30 Year Fixed||3.625%||4.079%|
|VA 25 Year Fixed||3.625%||4.151%|
|VA 15 Year Fixed||3.125%||3.947%|
You may not need a down payment.
You can qualify with a lower credit score and more debt compared to conventional loans.
You may be able to avoid mortgage insurance with a down payment of 20% or higher.
You can use your VA loan benefit more than once – if you sell your home or pay off your mortgage, you can get another VA loan.
If you currently have a VA loan, you can refinance up to 100% of your home’s value to get cash out.
If you currently have a VA loan and don’t need cash out, you may be able to refinance up to 120% of your home’s value.
Apply online and work at whatever pace is convenient for you.
Home Loan Experts are available via chat, email and phone to help you understand whether an ARM is right for you.
We service 99% of our mortgages, so our great customer service continues after you close.
After you close your loan, you can manage your mortgage online without any hidden fees.
No prepayment penalties if you pay off your loan early.
Downtone Loans has been providing our clients with award-winning service for over 60+ Years. We service 99% of our loans, which means you’ll get the same care and attention throughout the entire life of your loan.