VA Loans

 

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.  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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• Low rates on VA loans

• Our staff is experienced handling VA loans

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

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