VA Mortgage Loans in El Paso, Texas and 100% financing on VA Loans - the best loan program and loan payment in the country!
VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel.
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.
- Compared to other types of mortgage loans, easier credit-qualifying requirements.
- Low fixed mortgage rates result in a low monthly payment.
Here's how to qualify for VA Mortgage Loans El Paso, Texas:
The first step is to verify your eligibility. You can verify eligibility by ordering your Certificate of Eligibility or COE. A Texas VA loan lender can order your COE quickly for you, or you can go directly to the VA to obtain a copy. If discharged, you will need your DD214.
The next step is to obtain pre-approval with an experienced Texas VA lender.
It is essential that you contact a lender who knows the VA Mortgage Loan program and all of the differences compared to other loan programs.
You can find our pre-approval form here: https://8630094672.secure-loancenter.com/webapp/start.aspx
To get pre-approved your credit will be checked and basic supporting documentation like bank statements and W2s are required.
Even though no down payment is required for VA Mortgage loans, don't forget that there are VA closing costs involved in every transaction. 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! Your lender can help you with ways to finance the closing costs if you don't have money available for closing.
Learn more about your VA Home Loan benefits by visiting the Texas Regional VA Locations Office Website: http://www2.va.gov/directory/guide/state.asp?State=TX
It is critical that you work with a local lender who understands the unique aspects of VA Mortgage Loans. We have specialized in 100% VA Mortgage Loans and VA Mortgage Loans El Paso, Texas for over 23 years and would be honored to answer any questions you may have. It doesn't cost a penny to call!