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We are Veteran Owned & Operated. I am a veteran myself having served 22 years in the US Navy on Activ Duty.
Let me guide you through the ins and outs of the VA loan program. For instance, did you know that you can use it more than once? You can actually use it multiple times and you can even use split entitlement so 2 service members can each use half of their benefit to qualify.
If you have served in the Military for more than 90 days you may be eligible for a VA loan. In fact, there are many ways you can qualify, if you were involved with the Military. Veterans, active military personnel, and military spouses who qualify can apply today. The benefits of this loan program is that it is backed by the Government and requires no down payment and no MIP (Mortgage Insurance Premium). The VA loan program does require a funding fee depending on number of uses but if you receive disability benefits – this can be reduced or removed.
To use this loan, you, or your immediate family, must occupy or intend to occupy the residence within a reasonable period. If you use this loan type for a new construction, the builder must be VA approved (Trident Home Loans can help with that) and they must provide a warranty for the build – this is an added benefit to you!
VA: No down payment required
No Mortgage Insurance VA Benefits Eligibility required
41% DTI or lower Higher LTV available with Collateral Lender-paid Funding Fee options available
Lender credit options available Jumbo & Condo financing available $144K Min. loan
VA LOANS* (U.S. Department of Veterans Affairs) One must have a suitable credit score, sufficient income, and a valid Certificate of Eligibility in order to be eligible for a VA-guaranteed loan program. Also, the home that is being purchased must be intended for residential use only.
VA home loans can be used to:•Buy a residential home or condominium unit. •Build, repair, alter or improve a home. •Simultaneously purchase and improve a home. •Refinance an existing home loan (to reduce the current interest rate or to go from any loan program to a VA loan) •Improve a home by installing energy-related features or making energy-efficient improvements. *As per VA.GOV