VA Home Loans
VA loans are a key benefit for U.S. veterans, offering competitive interest rates, no down-payment loans, no required mortgage insurance, less rigorous underwriting standards and seller concessions of up to 4 percent. Veterans have the ability to refinance up to 80 percent of their home's appraised value and have an excellent option for cash-out refinancing.
Servicemen and women may now apply while deployed and recent legislation makes hybrid, adjustable-rate VA loans permanent with limits on annual interest-rate increases.
Benefits of VA Loan:
- Easy to refinance
- No down payment necessary
- No required mortgage insurance
- Competitive interest rates
- Less rigorous underwriting standards
- Seller concessions of up to 4%
What You Need:
- Your driver's license
- Your social security card
- Payment stubs for the past month
- Contact information for your landlord
- Copies of your past two tax returns if you are employed
- Copies of your past three tax returns if you are self employed
- An accounting of regular monthly bills, including account numbers
- A profit and loss statement for the current year if you run a business
- Three months of statements for all of your savings and investment accounts
- Certificate of eligibility