Home Lending and Mortgage Refinance Services Mortgages First, LLC, Mortgage Lender

Home Lending and Mortgage Refinance Services Mortgages First, LLC, Mortgage Lender

Making it Happen in Mortgage Financing...

(570) 402-1086

HomeApplicationsCalculatorsMortgage RatesRefinance
Home Lending and Mortgage Refinance Services Mortgages First, LLC, Mortgage Lender
Contact Us

Corporate Benefits-HBIQ Home Benefit IQ
Mortgage Processmortgage process
Mortgage Programs Programs
Mortgage Rates Mortgage Rates
Mortgage RefinanceRefinance
Short Application Form Short Application Form
Purchase Checklist Purchase Check List
Pricing Guarantee Pricing Guarantee

Contact UsContact US

Fannie Mae

Freddie Mac

Daily Rate Lock Advisory Rate Lock Advisory
Mortgage Applications
Mortgage Applications
Spanish Loan Application
Spanish Mortgage Application
Mortgage Articles Mortgage Articles
Appraisals Appraisals
Bankruptcy Bankruptcy
Mortgage Calculators Calculator
Cash Flow ARMS Cash Flow ARM
Closing Costs Closing Costs
Commercial Mortgage Commercial Mortgage
Construction Mortgage Construction Mortgage
Credit Credit
Down Payment Down Payment
FHA Mortgage Loans FHA Mortgage Loans
Foreclosure Funding Foreclosure Funding
Mortgage Interest Rates Mortgage Interest Rates
Mortgage Loan Options Mortgage Loan Options
Lock Policy Rate Lock Policy
Mortgage Processes Mortgage Loan Process
Option ARMS Option ARM
Prequalification Prequalification
Printable Documents Printable Documents
Mortgage Products Mortgage Products
Relocation
Relocation
VA Mortgage Loans
VA Mortgage Loans

________________

PA Fee SpecialPennsylvania Mortgage Specials

Benefits Of The VA Home Loan

If you are an eligible veteran or active duty military person in the market for a home loan then you should strongly consider the VA loan program as your 1st choice for mortgage financing. A VA loan offers numerous benefits over a conventional loan.  Consider the following:

  • Buy a home for up to $417,000 with no down-payment. Conventional loans require an average down payment of  5% -20%. Although there are some $0 down payment conventional loan programs available, the interest rate on these conventional programs is higher and the programs are credit score based. This is not the case with VA loans. Eligibility for a VA loan is not based on your credit score and you pay the same low rate whether you are making a 5% down payment or no down payment at all.

  • VA loans do not require you to have mortgage insurance. Compare this to conforming conventional loans which do require you to have mortgage insurance if you are making less than a 20% down payment.

  • If you have less than perfect credit you are likely to get a lower rate with a VA loan than with a conventional loan.

  • VA loans are assumable.

  • There is no prepayment penalty on VA loans which means you can refinance or sell your home at any time without having to pay a penalty.

  • VA loans allow you to have a higher debt ratio than conventional loans. Your debt ratio is a crucial factor in the loan qualification decision. It will be easier to qualify for a VA loan if you have a debt ratio over 36%.

  • With a VA loan the seller is allowed to pay all of your closing cost up to 6% of the loan amount. A conventional loan only allows the seller to pay your closing cost up to 3% of the loan amount.

We can assist you...

Mortgage Lending and Mortgage Refinance Services, Home Lender

 

RESIDENTIAL LOAN PROGRAMSresidential loan

Ok

 

COMMERCIAL LOAN PROGRAMS

commercial mortgage

Ok

 

 

________________
 

Mortgage Real Estate Directory

linklister / links /
Real Estate Agents

Mortgage Terms Glossary

Resources/Add URL
Nationwide Lending - Directorymortage
1009 Staghorn Lane, Stroudsburg, PA 18360
1-570-402-1086 Fax: 1-570-992-8853 8 am to 6 pm EST

Copyright 1998- 2008 Mortgages First Associates. All rights reserved. Equal Housing Opportunity

Privacy Policy

National Mortgage Brokers Directory