VA

Proud To Be a Lender to Our Veterans

VA Endorsed lender We Process, Underwrite and Fund VA loans In-House

The VA Loan offers many special features

• Zero down to $417,000.00 loan amounts to $750,000.00

• No first time homebuyer requirement

• No Monthly Mortgage insurance keeps payments low

• Seller concessions up to 4%

• No Prepayment penalty

• No 90 day flip rule

• Loans are assumable (with qualification)

• VA offers assistance should the Veteran have problems making payments

Important information

Funding Fee: VA loans have a funding fee that can be financed in the loan

Purchase loan Zero Down first time use 2.2% subsequent use 3.3%. No monthly mortgage is required.

Primary Residence Only: Must certify that they intend to occupy as their primary residence and occupy within a reasonable time (60 days). A spouse may satisfy occupancy if the Veteran is on active duty or the Veteran can’t occupy due to distance employment

Co-Borrowers: VA only allows the spouse of the Veteran to be a co-borrower

Non-Allowed Fees: VA only allows the Veteran to pay specific fees. Most common fee that the Veteran is not allowed to pay 1) escrow fee 2) Lender fees processing, underwriting and tax service. Note: origination fee and discount points are not considered lender fees

NOTE: complete line 79 of the Arizona Real Estate contract

Other Loan Cost: in the event of an FHA or VA loan Seller agrees to pay up to________