VA mortgage loans provide attractive financing for veterans and for current service members of the U.S. Armed Forces. Whether you honorably served in the Army, Navy, Air Force or the Marines, a loan from the U.S. Department of Veterans Affairs could help fund the cost of your dream home. Qualified borrowers can use a VA mortgage loan to buy a home in Arizona.
Benefits of a VA Home Loan
A VA home loan is among the best mortgage options for financing 100% of a property’s sales price.
Since no down payment is required, you won’t need to bring as much money to the closing table, as compared to other lending programs.
No private mortgage is required for a VA mortgage loan.
Many lending programs will require you to pay PMI if your down payment is less than 20% of the home’s selling price.
VA home loans are competitively priced, when the mortgage interest rates are compared to conventional programs.
Borrowers with credit blemishes might qualify for a VA loan.
Unlike mortgage programs that require excellent credit to obtain a VA home loan, you
may be eligible with a 620 middle credit score.
Who Qualifies for a VA Mortgage Loan in Arizona?
Arizona home buyers in Peoria, Phoenix, Mesa, Scottsdale and other areas throughout the state with honorable service may be able to qualify for a VA mortgage loan.
A Certificate of Eligibility from the Department of Veterans Affairs is required to determine if you meet certain qualifications.
The VA mortgage loan amount for your home must not exceed $726,200 for a single-family home in Arizona.
How to Apply for a VA Loan?
Assemble your financial documents, such as recent tax returns, W-2’s, pay stubs and bank statements for the past three months.
Select the “Apply Online” button that’s shown at the top of this page or at the button below this article.
After you complete the requested information, a licensed lending professional will promptly follow up with you to review your qualifications for a VA loan in Arizona.
Speak With a VA Loan Specialist About a Mortgage Pre-Approval
If you have questions before or after completing your mortgage application online, you are invited to speak with a knowledgeable VA loan specialist.
At ASJ Mortgage Solutions, we are here to guide you through the lending process.
Your application is the first step toward getting a pre-approval for a VA home loan.
Speak with us about the current VA loan rates for home buyers in Arizona.
We offer reliable and courteous services.
You could be relaxing in your dream home within a few weeks.
Let’s work together to secure the financing that you need.Questions? Contact ASJ Mortgage Solutions Today!