The U.S. Department of Veterans Affairs (VA) offers guaranteed backing for Veterans home loans. VA mortgages are only available to retired and active-duty service members, as well as some spouses of military members. Interest rates are very competitive as compared to other products, and in many cases, Veterans receive 100% financing. Learn the essentials of VA loans with the blog from Local Mortgage! 

 

VA mortgages use the same loan limits as conforming mortgage products, with the current limit being $484,350 for most counties. 

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VA loans do not require monthly mortgage insurance. Moreover, if the Veteran is not exempt from the up-front insurance premium, then it can be financed over the life of the loan. 

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With great rates and low out-of-pocket costs, VA mortgages are a great benefit for those that have selflessly served our country. Choose to work with us and get the Local Mortgage advantage:

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1. Low rates on VA loans

2. Our staff is experienced handling VA loans

3. Transparent process lets you know where your loan is at all times

4. Our Staff is always available when you need to contact us. 

 

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