VA Home Loans
If you are looking for a Plano Texas VA home loan you have come to the right place. Do you want special rates reserved for our country's heroes? As a direct lender we cut out the middleman and provide our veterans with exceptional service and competitive rates. Interlinc Mortgage is proud to serve our veterans and active-duty families of the United States Armed Forces in Plano Texas and provide excellent rates with our VA Home Loan Programs. My team and I are very experienced and knowledgeable in all matters of VA home loans. You will not have to go through an endless phone tree or be transferred to someone in a cubical in another state, you speak directly to our team every time you call.
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
Benefits of a VA loan include:
- No Down Payment Required
- Lower interest rate.
- Easier to qualify for with less stringent credit score requirements
- Closing costs comparable – and sometimes lower - than other financing types.
- No private mortgage insurance requirement.
- Right to prepay loan without penalties
- Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
- Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount. This fee is waived if the veteran is disabled, review your DD-214 to make sure of our fee requirements.
A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.
Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.
Team Manager, NMLS ID 217454
Office: (214) 945-1066 Fax: (214) 945-1061 Cell: (972) 814-3587
Interlinc Mortgage Services, NMLS ID 205696
7711 San Jacinto Place, Suite 100 Plano, TX 75024
Closing On Time And As Agreed!
Disclaimer; the information provided on the VA loan program is intended only as a general educational information regarding the program. An in-depth consultation with the Richard Woodward Mortgage Team is necessary to determine if the program is appropriate for your individual circumstances. Loan underwriting requirements are subject to change at any time. Additional requirements or conditions may be applicable based upon a particular borrower's credit or financial profile.