• Reduced or NO Down Payment
• Reduced or No down payment required for loan amounts up to $417,000!
• Reduced Down Payments on Jumbo Loans over $417,000

• No Mortgage Insurance
• VA Mortgage Loans do not monthly mortgage insurance.  Other loans with a loan amount greater than 80% of the value of the property require mortgage insurance.

Assumptions:  95% LTV, 750 Credit Score, SFH, 30% Coverage, 30 Year Fixed, Approve/Eligible, Primary Residence, Florida

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• Low Interest Rates
  • Interest Rates on VA Mortgages are often lower than those for conventional loans.
  • Especially for borrowers with low credit scores
• Easier to Qualify
• Lower Credit Scores -  As low as 550 qualifying credit score.*
• Limited Credit History - Non-traditional trade lines, such as utility bills, rent history, and other accounts that are not included on traditional credit reports may be considered in supporting a determination of a borrower’s ability to repay the loan.
• Adverse Credit- Shorter waiting periods after significant derogatory credit events before eligibility for financing is restored.
  • Bankruptcy – 2 years (7), 13 – 1 year in as long as 12 months payments on time
  • Short-/Deed-in-Lieu – 2 years
  • Foreclosure – 2 years

• Higher Debt-to-Income Ratios
  • Up to 55% (or higher) debt ratios permitted.  Significantly exceeding what is permitted under conventional loan guidelines.

• High LTV Limits on Refinance Transactions
  • Refinance up to 100% or greater of your Property’s Value
  • Cash-out Refinances up to 85% Loan-To-Value

• VA Mortgage Loans are assumable
• No Prepayment Penalty
• Seller Contributions to your closing costs of up to 6% of the purchase price

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