VA Mortgage Loans in Los Gatos California and 100% VA Loans - the best loan program in the country! Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today. Here are some of the main features of this great program: - 100% financing, no down payment required. - Monthly mortgage insurance is not tacked on to your payment. - Easier credit qualifying compared to other types of mortgage loans. - VA Mortgage Rates are low compared to other types of home loans.
So how do you qualify for a VA Mortgage Loan in Los Gatos California?
First of all, you must verify your eligibility. You can verify eligibility by ordering your Certificate of Eligibility or COE. An approved Los Gatos California VA loan lender can order your COE for you, or you can contact the VA to obtain a copy. You will need your DD214 if you are discharged. The next step is to obtain pre-approval with an experienced Los Gatos California VA lender. It is critical that you contact a lender who knows the VA Mortgage Loan program and all of the important differences compared to other loan programs. Call us now for more information.
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The pre-approval will involve a credit check and basic supporting documentation like paystubs and bank statements. Even with no down payment required for VA Mortgage loans, it's important to know that there are VA closing costs involved in every transaction, which means there may be money due at closing. You should be prepared for all of this by your lender, but nonetheless, don't confuse no down payment with meaning nothing is due at closing! There are ways to finance the closing costs if you don't have money available for this, and your lender can help you with these options. Learn more about your VA Home Loan benefits by visiting our Alameda office located at 1416 Park Ave. Alameda, California.
It is essential that you work with a local VA lender who understands all of the different aspects of VA Mortgage Loans. We have specialized in 100% VA Mortgage Loans and VA Mortgage Loans in Los Gatos California for over 12 years and would be honored to answer any questions you may have. It doesn't cost a penny to call! Call The Chris Freck Team at 510-463-1003, firstname.lastname@example.org, or visit our va website at http://thechrisfreckteam.com/va-loans-landing-page/