VA LOAN PROGRAMS
YOU'VE SERVED TO PROTECT THE AMERICAN DREAM, NOW CLAIM A PIECE OF IT
VA LOAN PROGRAM BENEFITS
NO DOWN PAYMENT
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Get 100% financing with no down payment requirements
NO MORTGAGE INSURANCE
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Doesn’t require Private Mortgage Insurance (PMI) on loans of more than 80% of a home’s appraised value, potentially saving you $100 to $200 a month
NO PRE-PAYMENT PENALTY
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The VA Loan allows borrowers to pay off their home loan at any point without having to worry about a pre-payment penalty
LOW INTEREST RATES
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Lower interest rates than those of conventional loans
HIGHER DTI RATIOS
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Debt-to-Income (DTI) ratios generally around 41% are acceptable depending on the strength of your other financial and credit factors
BACKED BY U.S. GOVERNMENT
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Your lender has the opportunity to offer you better loan terms with a government-backed loan
VA LOAN PROGRAM BENEFITS
VA Loans are great for veterans who are first-time home buyers with limited savings for down payments and closing costs. They are also great for purchasing or refinancing in high-cost areas. We provide access to government-backed VA Loans because these are the types of benefits you and your family deserve.
Qualifications
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Down Payment: None
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Credit Score: 580 minimum
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Mortgage Insurance: No
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Maximum Loan Limit: Yes, varies by county
Eligibility
With a VA loan, the borrower must be a qualifying active duty member of the U.S. military, veteran, or surviving spouse. A Certificate of Eligibility (COE) is required.
You might be eligible if:
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You served 90+ days active duty during wartime
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You served 180+ days active duty during peacetime
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You were not dishonorably discharged
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You are currently active duty
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You are the surviving spouse of a veteran who died during service or because of service-related injuries and are not remarried
If you meet the qualifications, you can enjoy lower closing costs, lower mortgage payments, and the possibility of no down payment.
Security First Financial has years of experience providing eligible borrowers with access to VA loans. We have an intimate knowledge of the local market to offer better terms and rates.
Our office in Englewood, Colorado is run by a team of local mortgage professionals committed to helping homebuyers have a quick and stress-free mortgage experience. Our in-house processing, underwriting, and closing allow us to move quicker than most mortgage companies so you can get into your new home quicker.
WANT TO BUILD YOUR HOUSE?
We also offer a VA One-Time Close Construction to Permanent Loan that might work perfectly for you if you plan to have your home built from the ground up.
