VA loans are mortgage loans guaranteed by the United States Department of Veterans Affairs which allow lenders to offer greater flexibility and favorable terms, rates and options. This program is designed for qualifying American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses.
The VA does not originate loans, but sets the rules for who may qualify, issues minimum guidelines and requirements, provides financial backing on loans that qualify under the program.
The basic intention of the VA home loan program is to supply home financing to eligible veterans and to help veterans purchase properties with very little or no down payment and without the need for private mortgage insurance. Interest rates offered on VA loans are usually much lower than those offered under Conventional and FHA loans.
The professionals at Metropolitan Financial Group appreciate the sacrifices made by our veterans and their family members. Time and time again, veterans prove to be the best clients to work with and we take pride in helping them and their families meet their home financing needs. If you are a veteran, we will automatically waive your credit report fee and gladly provide assistance in obtaining your Certificate of Eligibility directly from the Department of Veterans Affairs without charge. (This document is a required step in the VA loan process and determines your individual VA eligibility.)
Contact us by clicking below for more information or to request our assistance in obtaining your Certificate of Eligibility from the Department of Veterans Affairs.