VA home Loan Program in East Patchogue, New York

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VA Home Loan Program in East Patchogue, New York


The VA Home Loan program in East Patchogue, New York is one of the most powerful mortgage tools available today for veterans and other qualified borrowers. It is actually the best home loans you can get. VA Home Loans typically come with low interest rates and looser credit requirements than other mortgages.  VA Loans do not require a down payment at all, which makes them very attractive to many first time borrowers.

VA Loans came about in the G.I. Bill of 1944, and the VA Home Loan program has helped more than 18 million veterans become homeowners. In the last year alone, over 489,000 VA Loans were guaranteed with a total of more than $63 billion. Are you ready to become a homeowner with the help of the VA? Here is a look at the VA Home Loan program in East Patchogue, New York that can make your dream come true.



VA Home Loan Programs in East Patchogue, New York have Unique Features

  • No down payment necessary
  • 100% Cashout Refinace with no Mortgage Insurance
  • Mortgage Rate below Conventional Rates
  • Less Stringent Credit requirements
  • No Mortgage Insurance
  • VA Funding fees may be rolled into the loan, no out of pocket costs


What Can I Do With a VA Home Loan in East Patchouge, New York?


With the maximum guaranty, a veteran in East Patchogue, New York who has not yet used the benefit may qualify for a VA Home Loan of up to $625,000 in 2016, depending on the borrower's income and the appraised value of the home.

VA Loans are very flexible and may be used for the following:

To buy a single-family home, townhouse, or condo unit in a VA-approved project in East Patchogue, New York.


To build a home in East Patchogue, New York.


To purchase and improve a home in East Patchogue, New York.


 To improve a home in East Patchogue, New York with energy-related features approved by the VA and your lender, which may be added with the purchase of a home or by refinancing a home owned and occupied by the borrower.


The VA Funding Fee in East Patchogue, New York


The VA funding fee is required by law in East Patchogue, New York and it is currently 2.15% on a 0% down VA Home Loan for first-time use. The purpose of the funding fee is for veterans who use VA mortgages to contribute toward the cost of the benefit for all veterans while reducing the cost to taxpayers. Second-time users (those who are using their VA benefit for a second time) who do not make a down payment pay a funding fee of 3.3%, as these veterans have already used their benefit once and they have had more time and opportunity to save for a down payment on a second loan.


We have some of the Lowest VA Rates in New York

See what you pre-Qualify for your VA loan HERE


Or you can all us at 631 589 3600


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