Available Daily to Better Serve Veterans & their Families. Call (801) 979-6365 today!

Start your quote for a

VA Home Loan

Use the benefits earned through your military
service to get a loan for $0 DOWN

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Advantages of
a VA Loan

THE MAJOR BENEFITS

VA Loan are some of the best loans on the market for many reasons one of which is Relaxed Credit-Qualifying Standards.Although the VA has no minimum credit score requirement, lenders often require scores of at least 580. A few lenders will approve loans with credit scores as low as 500 if the veteran meets the VA residual income requirement. The VA takes a real-life view of affordability by estimating the ability to pay the home loan after accounting for other monthly expenses, including utilities and child care.
  • Down payments aren’t required unless the purchase price is more than the appraised value of the property or it’s higher than the local VA loan limit. Most counties are $484,350 with some being higher.
  • Mortgage rates are typically lower than rates on conventional loans.
  • No mortgage insurance is required.
  • You can reuse your VA loan benefit and have more than one VA loan at a time. It cannot however be used for investment purposes.
  • VA loans limit the amount you can be charged for closing costs.
  • VA loans don’t require you to be a first-time home buyer.
  • VA-backed loans can be assumable — this means they can be taken over by someone you sell the house to, even if that person isn’t a service member. This is tricky, so reach out to us before you do this.
  • A bankruptcy discharged more than two years ago — and in some cases, within one to two years — will not preclude you from getting a VA loan.
  • You can refinance up to 100% of the homes value in Utah on a VA loan.
  • Plus many, many more

Available Daily to Better Serve Veterans & their Families.
Call (801) 979-6365 today!

Start your quote for a

VA Home Loan

Use the benefits earned through your military
service to get a loan for $0 DOWN

Military Branch Seals

Jimmy Hobson

VA Home Loan Specialist

Phone: 801-979-6365
Email: [email protected]
NMLS: 1514540

Speak with your Home Loan Specialist today

Available Daily To Better Serve Veterans & their Families.

A VA approved lender; Not endorsed or sponsored by the Department of Veterans Affairs or any government agency.

Copyright © 2018 Utah Mortgage, Inc. Company NMLS# 1432672 -- 1525 North Main Street, Ste 100 | Bountiful, UT 84010 -- A VA approved lender; Not endorsed or sponsored by the Department of Veterans Affairs or any government agency. Utah Mortgage, Inc. is an Equal Housing Lender

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1525 North Main Street, Ste 100
Bountiful, Utah 84010

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