Phoenix VA Mortgages
Phoenix VA Mortgage Loans
One of the most popular home financing options with Veterans in the Phoenix area is a VA mortgage loan. The VA loan is popular because it allows Veterans to buy a house in the Phoenix area and get approved for 100% financing without having to pay monthly mortgage insurance. Phoenix VA mortgages typically have a low fixed rate as well – and many Veterans find that the fixed rate programs help them plan on a fixed monthly expense for their mortgage payment.
One benefit for Veterans with a VA loan is that when interest rates drop, they can easily get a lower interest rate by participating in the VA streamline refinance program. The VA streamline program can be done with no out of pocket closing costs and is really designed to help people in VA loans lower their monthly mortgage payment.
Phoenix VA Mortgage Highlights:
- Up to 100% financing when buying a house
- No mortgage insurance required on VA mortgages
- VA mortgages don’t have a prepay penalty
- Closing costs can be rolled into the VA mortgage
- VA mortgages require that a one-time funding fee be paid at loan funding
VA Mortgages: One Important Item Is A Loan Certificate of Eligibility
Before you can be approved for a VA mortgage, you need to be sure that you have your Certificate of Eligibility that you can get from the VA and it must be in your loan package at the time of your application.  If you don’t currently have a certificate of eligibility or need help obtaining your certificate, we would be happy to help you obtain it – or answer any questions that you may have about obtaining it.
VA Mortgage Experts in Phoenix
We live here locally in the Phoenix area and have years of experience helping Veterans choose the right VA loan financing package for their home. To find out if you qualify for the best VA mortgage available, contact us now!
Comments on this entry are closed.