As a real estate company that also offers mortgage services, Armenta Realty is proud to help our nation's heroes achieve their dreams of homeownership through VA loans. These exclusive loans offer unparalleled benefits and flexibility, making it easier for eligible veterans, active-duty personnel, and surviving spouses to purchase, refinance, or improve a home.
What are VA Loans?
VA loans are guaranteed by the United States Department of Veterans Affairs (VA) and offer a range of advantages over traditional mortgages. With no down payment requirements, lower interest rates, and reduced closing costs, VA loans provide a more accessible and affordable path to homeownership.
Benefits of VA Loans
- No Down Payment: Eligible borrowers can finance up to 100% of the home's purchase price, eliminating the need for a down payment.
- Lower Interest Rates: VA loans often offer more competitive interest rates compared to conventional mortgages.
- Reduced Closing Costs: The VA limits closing costs, and some fees may be waived or reduced.
- No Private Mortgage Insurance (PMI): VA loans do not require PMI, saving borrowers thousands of dollars over the life of the loan.
- Lenient Credit Requirements: VA loans have more flexible credit score requirements, making it easier to qualify.
Who is Eligible for a VA Loan?
- Veterans: Eligible veterans include those who have served at least 90 days of active duty, including Reservists and National Guard members.
- Active-Duty Personnel: Currently serving members of the military, including Reservists and National Guard members.
- Surviving Spouses: surviving spouses (who have not re-married) of veterans who died in service or as a result of a service-connected disability.
How to Apply for a VA Loan through Amenta Realty
Our experienced mortgage team is dedicated to guiding you through the VA loan process, from pre-approval to closing. Here's how to get started:
1. Check Eligibility: Obtain a Certificate of Eligibility (COE) from the VA, which confirms your entitlement to a VA loan.
2. Pre-Approval: Get pre-approved for a VA loan with our mortgage team. Fill out mortgage application here!
We offer loans nationwide through our mortgage brokerage partner, The One Brokerage.
3. Home Search: Find your dream home with assistance from our real estate experts, ensuring the property meets VA loan requirements. Note: We have real estate agents servicing Southern California and Southern Arizona. If you plan to purchase a home outside of these states, we would still be happy to assist you with your lending needs!
4. Application and Processing: Provide any additional documentation requested by lender. Then wait for underwriting to finish reviewing your file, and give you the Clear to Close.
5. Closing: Head over to the title company to sign your Closing Disclosure and other title documents.
Now the home is yours!
At Armenta Realty, we're honored to serve our nation's heroes by providing expert guidance and support throughout the VA loan process. If you're eligible for a VA loan, let us help you take advantage of these exclusive benefits and achieve your homeownership goals. Contact us today to get started, and don't forget to fill out a mortgage application so you can get a jumpstart with a pre-approval letter!
