VA Mortgages (Veterans Administration) is an excellent mortgage product available to eligible veterans.  Hometown Lending is proud to offer VA Mortgage loans through several of the lenders in our network.  This allows us to provide the best rates and terms, as well as offer the quickest turnaround times on this excellent mortgage loan program.

VA Mortgage Loan Program Highlights:

• No down payment in most cases (100% loan-to-value)
• No PMI (private mortgage insurance)
• Limitations on buyer’s closing costs for purchases
• Secure, fixed-rate 30 year mortgages and other loan terms, such as ARMs are available.
• VA mortgage loans may be assumable
• No prepayment penalty on VA loans

Partial List of Eligibility Guidelines for VA Mortgage Loans:

• Applicant must be an eligible veteran
• You must occupy or intend to occupy the property as your home
• You must have enough income to meet the new mortgage payments on the loan, cover the costs of owning a home, take care of other obligations and expenses, and still have enough income left over for family support

You can find out more information at the official VA Mortgage website, or contact Hometown Lending and one of our experienced mortgage loan professionals will help you find the best mortgage for your situation.