VA Loans are designed to offer special financing to military veterans and active military members and their families. VA Mortgage Loans are issued by federally qualified lenders, such as Alex Kandah at Bank of England Mortgage in Troy, and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender. It is generally easier to qualify for VA Loans than some conventional loans.
Advantages of VA Loans
There are several great benefits to a VA Loans if you qualify including:
- 100% financing available (No down payment)
- Rate reduction refinances with no appraisal
- Cash-out refinance up to 100% of home value
- No monthly mortgage insurance
- Lower interest rates than most other programs
- Waived VA Funding Fees for disabled or qualifying veterans
Limits on VA Loans
VA Loans start typically follow conventional conforming loan limits per county but that doesn’t mean you can’t exceed that amount. Bank of England Mortgage Troy can offer VA Loans up to $1,200,000 in some cases (possibly more). Although 100% financing is only available up to confirming loan limits ,which in most counties is $484,350 for 2019. Options for higher loan amounts may be available with a partial down payment. Contact Alex Kandah for more information.
Applying for VA Loans with an experienced Mortgage Banker like Alex Kandah can make all the difference. At Bank of England Mortgage, we honor and salute the men and women that have served our great country and would be honored to serve you in purchasing your new home or refinancing your current one.
To active and retired members of the United States military and your families… Thank you for your service!
Get Pre-Approved for a VA Loan
Applying for VA Loans with an experienced Mortgage Banker is important to ensure you get the most accurate and honest guidance that you deserve. Alex Kandah has extensive knowledge and vast experience with VA Loans to guide you through every step of the process. If you are looking to purchase or refinance a home using your VA benefits in Troy, Michigan, or anywhere else in the United States, contact Alex Kandah - Bank of England Mortgage at (248) 633-8555 or simply fill out the form on this page for prompt, professional, honest guidance.