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
"Consuelo was a absolute pleasure to work with. She was there to answer all my questions and walk me through everything. It couldn't have been easier as a first time buyer."
"Hello Glen, Although majority of people are scared from the words "Reverse Mortgage" We had a great experience with it. the couple months that I dealt with you I never felt any sales pressure or wrong advises . you worked with me with complete transparency you always had my benefits in mind. I like to thank you from the bottom of my heart for your effort, your patience , promptness, professionalism and most of all your HONESTY. Please convey my appreciations to your staff. I shall not hesitate to recommend you to my friends if they get interested. Thank you again and wishing you health and prosperity."
"Vintage Lending did a great job for us. They were very responsive and on the ball and looked out for us throughout the entire transaction. I highly recommend them for any of your real estate needs."
"I chose Vintage Lending to refinance my home. WOW what a difference! Efficient, affordable and friendly. I would definitely do business with them again"