Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards
and requirements than conventional loans. In fact, about 80
percent of VA borrowers could not have qualified for a
conventional loan. These loans also come with no private
mortgage insurance (PMI), a monthly expense that conventional
borrowers are required to pay unless they put down at least
20 percent of the loan amount.
Down payment as low as 0%.
Competitive interest rates that are routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting
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"I recently refinanced my house with statewide through Amardeep bhaji and Sangeeta bhanji. Both of them were very helpful and flexible. They helped me find the best rate and close my loan very smoothly. They were readily available whenever needed and answered all my questions to make me comfortable with the process. I highly recommend them."
"I would recommend Amardeep and Sangeeta for all your mortgage needs. They were reliable, responsive and attend to all your mortgage needs. They were polite and helpful in making you understand the whole process and helped us close the loan in a timely manner."