VA Loans

VA loans are something we love to arrange. So many veterans have given a lot to protect our republic and helping our vets --with financing is...

an honor!

 While VA Loans are issued by private lenders they are backed by the U.S. Department of Veterans Affairs, which is why they can be offered oftentimes with little to no down payment and NO PMI.  

Nearly every VA loan comes with a VA Funding Fee.  This fee goes directly to the Department of Veterans Affairs and helps back future VA loans.  Men and women with a service-related disability may be exempt from this fee.  Fees range from a little over 2% for first time VA loan recipients, to 3.3% for repeat home buyers.  The good news is that you can roll this fee into your loan amount.  In addition, closing costs are usually less and often the seller can pay a large portion of these costs, too.

 As of 2019, the VA allows for no down payment on loans up to $726,525.  Here in The Villages there are many homes that fall into this price range. Loan approval is more flexible than applying for a conventional mortgage.

Jumbo Loans above $726,525 are also available - but do require a down payment. 

Have you opened a new location, redesigned your shop, or added a new product or service? Don't keep it to yourself, let folks know.

As the VA is intent on helping the Veteran purchase a home- there are closing costs limitations..