VA or Veteran's Mortgage
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A VA mortgage is a mortgage
reserved for those men and women who served
or are serving in our armed forces.
A VA loan is a 100% mortgage with no mortgage insurance and reduced fees.
Get qualified
today!
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VA's Home Loan Program is for
veterans and active duty military personnel (referred to as veterans
throughout the rest of the document) and certain members of the reserves
and National Guard. VA's program provides an excellent product and
benefit for those individuals who have served or are serving to protect
our families and our nation, as well as giving them a form of financing
that will allow real estate professionals to sell more homes.
For those who are unfamiliar
with the program, there are several advantages to using VA's Home Loan
Program. The VA allows a veteran who qualifies income and
credit-wise to purchase a primary residence without putting money down
towards the sales price, as long as the sales price does not exceed the
appraised value. Veterans do, however, need money towards closing
costs and the earnest money deposit, which the seller generally requires
when a sales contract is signed. Closing costs may be paid by the
seller, which is an item to consider when the sales price is being
negotiated.
General rules for eligibilty.
Frequently asked questions.
How to
request a Certificate of Eligibilty.
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Sun American Mortgage
4140 E Baseline Rd. Ste 206
Mesa, AZ 85206
BK BR 7548 NMLS# 160265
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