UTAH MORTGAGE PRODUCT

VA Loan Purchase

VA Loans play an important role in putting our brave military-serving citizens and their families into a home of their own.

Overview: VA Home Loans

Exclusive Pricing For Veterans

A VA loan is issued by a private lender and insured by the Department of Veterans Affairs. It’s a valuable benefit — offering a mortgage with a lower-than-most interest rate that usually requires no down payment — for qualified U.S. veterans, active-duty military personnel and certain surviving spouses.

Although the VA has no minimum credit score requirement, most wholesalers require scores of at least 620. A few lenders will approve loans with credit scores as low as 580 in some cases. The VA takes a real-life view of affordability by estimating the ability to pay the home loan after accounting for other monthly expenses.

The main benefits of an VA loan are:

Zero Down Payment. VA Loans are one of the only 0% down home loans for qualified borrowers available on the market
No PMI. VA Loans are government backed, so wholesalers do not require you to buy Private Mortgage Insurance
VA guaranty gives us lenders a greater degree of safety and flexibility. Typically giving you more competitive rates

How do I qualify for a VA Home Loan?

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