VA Mortgage

VA Mortgage Loans – The VA Loan is made for veterans, military members currently serving in the U.S. military, reservists, and surviving spouses (as long as they qualify for the entitlement). It can be used to buy single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction.

Simply put, it’s a benefit for the veterans, it’s a mortgage. The most important part is that you can literally put 0% or nothing down, so it’s basically a 100% financing. Other types of mortgages could give you up to 90% – 97% loan to value. Regarding closing costs, you can get a seller, a lender or a realtor to contribute towards the closing costs to help the veteran truly come in with zero dollars down and zero closing costs and prepaids. The VA Mortgage has an upfront funding fee for most veterans, but some service connect disabled veterans qualify to have it waived, and those who have 100% total and permanent disability can have their property taxes waived (this varies by state and requires county approval). The owner of PS Mortgage Lending, Phil Stevenson, is a veteran of the wars in Afghanistan and Iraq. Therefore, we go by the slogan #1vet2another.