Veterans Affairs Loans
If you’re active duty military, a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan, and one of Movement’s biggest perks – waived lender’s fees*. The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs*.
VA loan specifications**
(1-4 unit, primary residence only)
30-year Minimum FICO
580-620 minimum FICO
15-year Minimum FICO
640 minimum FICO
Housing grants for service-related disabilities
Those eligible for an adapted housing grant through Veterans Affairs can get help with a service-connected disability purchase, build an adapted home or adapt an existing home to support their disability.
VA Purchase loan benefits
If qualified, 100% financing without requiring mortgage insurance. This could mean hundreds of dollars of savings each year.
No lender fees* when you get a VA loan from Movement Mortgage.
Some states even offer property tax reductions to military borrowers.***
*excludes other VA-permissible itemized charges. VA loans require a VA Funding Fee that may be financed into the loan or paid out of pocket at closing.**In addition to the eligibility criteria outlined in the presentation that all eligible Veterans and Reservists must meet all VA income, asset, and property requirements. For loan amounts exceeding $510,400, the amount of the VA entitlement or the entitlement plus the down payment must equal 25% of the property’s reasonable value.***Please consult a tax professional.
VA loans help military families make homeownership a reality. Contact me today to learn more about VA homeownership benefits.
For more information about this loan program, please contact your local Loan Officer. Eligibility, programs, rates, terms and conditions are subject to change without notice. Credit and collateral are subject to approval.
State License #MA-MLO20914, RI