VA Loans are for Active Duty and Veteran Military Members
All branches of the military are eligible for VA Financing, Army, Navy, Airforce, Marines, National Guard, Reserves and Coast Guard. Many veterans do not even know they have a home lending benefit that they could use.
Some benefits of VA financing are:
- Lower Rates
- Purchase a home with Zero Down Payment
- No Mortgage Insurance (there is an upfront funding fee that can be rolled into the loan amount for the veteran).
- Refinance up to 100% of the value for any reason: college expenses for the children, debt consolidation, home improvement or increasing your cash reserves are just a few of the reasons a veteran may want to tap into their equity.
- Higher than conforming loan amounts with great rates! You can obtain a loan amount over the Jumbo Limit of $424,100 with excellent rates compared to using Jumbo Financing (other conditions may apply, ask your Rainbow Mortgage Inc. representative to go over the limitations of this program with you if you are considering this option).
VA loans are a great opportunity for our veterans to get into a home or to tap into the equity in their current home.
To determine if a VA loan is the best option for you please call us for a no cost initial consultation with David Jamison, not only is he one of the owners, he is a veteran himself with a VA loan.
Ready to Get Started?
Apply now with our easy online form and find out how much you qualify for!