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VA Loan

If you’re a veteran or currently serving, you are entitled to the exclusive benefits of a VA Loan. As a veteran-owned company, My Perfect Mortgage wants to ensure that you understand and can take full advantage of your VA Loan benefit. Veterans and service members could qualify for some of the best rates in the mortgage market.
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Why a VA Loan?

Veterans and service members can take advantage of VA loan benefits, even if they’ve used them before. Get into a house with a $0 down payment and then refinance for more than the home’s value. This unique loan benefit program is designed to help service members have the best opportunity to own a home.

Key Features of a VA Loan

Some of the special features of this program include:

  1. Flexibility of 30-, 20- and 15-year fixed-rate and 5-year ARM loans
  2. Jumbo VA loans up to $1,500,000
  3. If you currently have a VA loan, get a VA Streamline refinance to lower your rate and payment with reduced funding fees and minimal documentation
  4. No monthly private mortgage insurance requirement

Use our VA loan calculator to get an estimate for how much a VA mortgage loan will cost you per month.

VA Loan Calculator

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(Select the option that best describe the majority of your military service.)

Questions We Get About VA Loans

Who’s eligible for a VA Mortgage?

If you are a member of the armed services, national guard, reservist, or a veteran you most likely qualify for a VA loan. If you’re serving on active duty then you are generally eligible after a minimum length of service, currently 90 continuous days. If you are national guard or reservist without a minimal eligible tour of active duty you generally need 6 years of creditable service. After meeting these requirements you will have to get your certificate of eligibility, which you can do on the Department of Veterans Affairs website.

How much do you need to put down for a VA Loan?

A VA mortgage is one of the few loans that you can get with no down payment. But, the more you put down the lower your funding fee. Generally, the lowest fees go to those putting at least 10% down, have served a minimal amount of time on active duty, and haven’t previously used their eligibility.

What are the advantages of a VA Loan?

No down payment. No monthly mortgage insurance, like an FHA loan. Limitations on closing costs and the lowest average rates of any loan programs.


Further Reading