EASY CREDIT REQUIREMENTS
The VA Mortgage Loan Program requires only a minimum credit score of 620 and only looks at the previous 12 months of credit history (unless you have a recent bankruptcy, tax lien or collection.)
NO DOWN PAYMENT
The VA Mortgage Loan Program does not require a down payment. This can save a veteran up to 20 percent of the loan cost when compared to a conventional loan.
If you have a service-connected disability, your funding fee may be waived. VA loans do not require Private Mortgage Insurance (PMI.) This can potentially save the borrower hundreds of dollars each month when compared to Conventional and FHA loans.
VA Mortgage rates are one of the lowest of all the loan programs available. The borrower can obtain a stable and secure rate that is fixed for 15 – 30 years, with no prepayment penalty. There are no worries that your payment will ever go up.
You can use our no obligation pre-approval form to get started. Or call Merrily today at 210-542-3843.