Support our Troops with a VA Mortgage.

Mortgage and Lending with Independent

Is there a strong military presence in your area?

I grew up as a Navy brat in Virginia.  My father is a retired Command Master Chief in the Navy, the highest rank you can get being enlisted.  So I respect the Military, The area I live in has a strong military presence.Virginia

I am located in the Hampton Roads area in Virginia, Hampton Roads is the world's largest naval base. The Navy owns 36,000 acres and more than 6,750 buildings in the area. There are some 108,000 Navy and Marine Corps personnel stationed in the area, and the Navy employs more than 41,000 civilians.

There are more than 23,000 retired Navy men and women living in Hampton Roads, and approximately 118,300 dependents of active duty, and civilian personnel. The total Hampton Roads Navy community numbers some 318,000 people. The military brings in over $11 billion into the local economy annually.

What does having a strong military presence have to do with Real Estate? 

 The obvious fact is there is a lot of military relocation coming and going in this area.  We locals like to joke because it's rare to see a local that calls them a  native to Virginia Beach.

So we have a lot of the military constantly buying and selling houses, the perfect companion to this is the perfect financing for military personnel and their families.

Va Mortgage - What is it - Who Qualifies 

The Department of Veterans Affairs (VA) guarantees loans to help qualified veterans, reservists, and active-duty service members to finance their homes. Refinance or Purchase.

The VA loan allows veterans 100% financing without private mortgage. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA and is allowed to be financed.

You can apply for a Certificate of Eligibility by filling out a governmental form called the VA Form 26-1880, Request For a Certificate of Eligibility For Home Loan Benefits.

Check with your lender if you don't know if you cant find your certificate, they can quickly process your request and find out if you are eligible for a VA mortgage through a system called ACE

VA Mortgage Highlights

Many lenders are restricting LTVs and LOAN amounts right now with FHA and VA loans. Check with your local lenderSupport Our Troops to see what their guidelines are. 

VA is Still alive and kicking with my company as many lenders are tightening up 

  • No Minimum Credit Score still for VA Mortgage (Check with your lender, my company still validates this)
  • 100% Financing still
  • 100% JUMBO FINANCING still (We are the only lender in this area still has this!!!)
  • NO PMI
  • Flexible income, debt and credit requirements to help borrowers qualify
  • Down payment and closing costs that may be funded by a gift, grant or secured loan (DAP still accepted and with our company can still accept up to$40,000)
  • Rates are usually lower

I just rate locked a $629k VA Jumbo loan at 5.5% Friday, don't overlook VA rates :) *check with your lender for rates*

Don't overlook VA mortgages 

So I always ask my customers if they are VA eligible first, because VA is still alive and kicking and pretty much the only true 100% program out there still.

Don't forget just because FHA might be hot right now, VA Mortgages should not be overlooked.



As always thanks for checking out my blog, feel free to leave a comment and have a great day!

Just-In-Time's Loans

 Justin Williams


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Matthew Rosov
Amerisave Mortgage Corporation - Laurel, MD
Certified Mortgage Planning Specialist
Reminds me of seminar material one person asked me to do - great post!
Apr 15, 2008 12:09 AM #1
Eleanor Thorne
Equity Resources - Cary, NC
Equity Resources 919-649-5058
GREAT information for VETS in your area!  Thanks also - for sharing more information about yourself!! I can totally understand why you would be so passionate about this!
Apr 15, 2008 01:15 AM #2
Justin Williams
Independent - Virginia Beach, VA
Loan Officer

Matthew - Thanks for stopping by and commenting much appreciated!

Eleanor - Thanks for your kind words, I hope you have much success with VA mortgages in your area too :)


Apr 15, 2008 03:43 AM #3
James Jeter
Cardinal Financial Company, Limited Partnership - Carrollton, TX
James Jeter
Great stuff Justin!  And don't forget, many big metro areas have a heavy presence of active duty military personnel.  This includes recruiters as well as other government jobs that take place away from a military base.  I've got several friends who work for the military at several federal buildings in the downtown Dallas area as well as several close friends that are recruiters here and in the New Orleans area.
Apr 15, 2008 08:24 AM #4
n d
Naoma Doriguzzi - Virginia Beach, VA
Great post for this area.  We are surrounded by military here and that is a good thing. 
Apr 15, 2008 08:33 AM #5
-- Casey Brischle
Columbia Bank - Spokane, WA
Spokane Home Loan Mortgage Professional
It is a beautiful loan program and one that should still be in place.  Our vets and active military members deserve a loan program like this.
Apr 15, 2008 08:53 AM #6
Justin Williams
Independent - Virginia Beach, VA
Loan Officer

James - You are correct sir, even if you don't think you have a strong military presence, there are still recruiters out there along with veterans!!  thanks for commenting!

Naoma - You and I both know how big the military is down here :)

Casey - Yes they do Casey, Much success to your VA Mortgages in your area!

Apr 15, 2008 09:20 AM #7
Tina Merritt
Nest Realty - Blacksburg, VA
Virginia Real Estate

GREAT post, Justin!  When we combine VA with VHDA - what a great deal for our veterans!

Tina in Virginia

Apr 15, 2008 04:48 PM #8
Jo Olson
HOMEFRONT Realty - Kettle Falls, WA
HOMEFRONT Realty @ LAKE Roosevelt - Stevens County
Justin, Great post! Always, always should a person who is qualified for VA check it out!
Apr 16, 2008 08:17 AM #9
Justin Williams
Independent - Virginia Beach, VA
Loan Officer

Thanks Tina - Sure is! :)

Jo - Thanks for commenting :) 

Apr 16, 2008 12:25 PM #10
Matt Odell
GVC Mortgage-Carmel - Carmel, IN
Home Mortgage Specialist with GVC Mortgage-Carmel
The amount of people I get asking me about VA loans is definitely increasing.  I am happy to be set up to help them out.  Great post!!
Apr 17, 2008 02:42 AM #11
Justin Williams
Independent - Virginia Beach, VA
Loan Officer
Matt - Thats Great, don't forget VA Loans they are a great asset!!
Apr 17, 2008 03:02 AM #12
This Account No Longer Exists
Inactive Account - Woodstock, VA
Great post justin, wells fargo has gone the extra mile when it comes to Jumbo VA Mortgage Loans for sure.
Apr 17, 2008 03:31 AM #13
Justin Williams
Independent - Virginia Beach, VA
Loan Officer
Thanks Charlie :)
Apr 17, 2008 05:13 AM #14
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