This is one of the best kept secrets in Lending.  Zero Down Home Loans with your VA Benefit.  In recent years, every Mortgage Bank had a multitude of well priced 100% Home Loan Financing options.  Because of the competitive market, these mortgage loan programs had competitive rates.  Well now that those programs no longer exsist the Zero Down VA Mortgage Loan that is making a serious comeback.  In the Henderson, and Las Vegas, Nevada areas, we have seen a surge in requests for this loan product. 

VA Home Loan Features:

• No Down Payment
• No Income limit
• The Loan is Guaranteed by the Government (This is the banks reassurance that in case of default they may still be able to recoup their money)
• No upfront or monthly Mortgage Insurance
• This loan may be assumed by a qualifying person

VA Home Loan Requirements:

• Military veterans, active duty person's, and members of the national guard or selected reserves are eligible
• Qualifying persons must submit VA Form 26-1880, along with proof of service (DD Form 214, a statement of active duty, or proof of participation in the national guard or reserves) to the VA Eligibility Center (I can help you with this).
• Based on the applicant's length and type of service, VA issues a certificate for each person determined eligible to apply for a VA guaranteed home loan.
• A VA Funding Fee is required to be paid to the VA (This fee ranges from 2.15% to 3.35% and can be financed into the Mortgage Loan)

I think I am eligible for the VA Zero Down home Loan.  What do I do now?

Terrific!  Contact me right away so we can get you pre-approved for a VA Zero Down Home Loan.  Five Star Mortgage is a VA approved lender located in Henderson, NV serving the entire Las Vegas area as well as all of Nevada.

Your mortgage partner for life,