About Veterans Of America Mortgage
Strength. Character. Commitment.
We understand what it means to be a Veteran.
Veterans Of America Mortgage is building our nation’s leading VA mortgage company serving America’s Veterans and their families. We help Veterans take advantage of one of their most valuable VA benefits they have earned: the right to apply for a VA-guaranteed home loan for up to 100% of the home’s value, including mortgage balance.
Advantages of VA Loan
The VA Loan has many advantages that make it one of the most appealing paths to homeownership — and this great benefit is reserved exclusively to those who bravely served our country and select military spouses.
Building Credit Score
For many military families and Veterans, establishing a pristine credit score is difficult and often the biggest obstacle to purchasing the home of your dreams.
Lower Loan Rates
We make it easier for veterans to purchase a home. Although a number of factors influence your final rate, government backs all VA Loans, ensuring lenders offer competitively low interest rates.
Refinance Your VA Loan
Now may be the best time for you to take advantage of the VA loan program. Even if you received great rates with a VA loan several years ago, you could get even more savings now.
VA Loan Eligibility
Our Home Loan Specialists will help you determine if you are eligible and even help you obtain your Certificate of Eligibility.
Why choose
Veterans Of
America
Mortgage
Competitive interest rates and no private mortgage insurance mean lower monthly payments.
The VA Home Mortgage is one of the only home loans available today with no down payment required.
The VA Loan Program provides homeownership opportunities for millions who wouldn’t otherwise qualify for conventional financing.
No down payment and relaxed credit standards means loans from the VA Program are especially helpful for first-time homebuyers.
You’ll have one dedicated loan officer to guide you through the entire refinance process, start to finish.
Our experts have tools and calculators to give you confidence and know-how for your home buying journey.
Speak with a Home Loan Specialist today
What Is a VA Loan ?
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA).
The VA loan allows veterans 100 percent financing without private mortgage insurance or a 20 percent second mortgage and up to $6,000 for energy efficient improvements. A VA funding fee of 0 to 3.3% of the loan amount is paid to the VA; this fee may also be financed. In a purchase, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less. Since there is no monthly PMI, more of the mortgage payment goes directly towards qualifying for the loan amount, allowing for larger loans with the same payment. In a refinance, where a new VA loan is created, veterans may borrow up to 100% of reasonable value, where allowed by state laws. In a refinance where the loan is a VA loan refinancing to VA loan (IRRRL Refinance), the veteran may borrow up to 100% of the total loan amount.
How do I Obtain a VA Loan
- Select a home & discuss the purchase with the seller or agent. Sign a purchase contract conditioned on approval of your VA home loan.
- Select a lender, present them your Certificate of Eligibility and complete a loan application.
- The lender will develop all credit and income information. They will also request VA to assign a licensed appraiser to determine the reasonable value of property. A Certificate of Reasonable Value will be issued.
- The lender will let you know the decision on the loan. You should be approved if the established value and your credit and income are acceptable.
- You (and spouse) attend the loan closing. The lender or closing attorney will explain the loan terms and requirements as well as where and how to make the monthly payments. Sign the note, mortgage, and other related papers.
- The loan is sent to VA for guaranty. Your Certificate of Eligibility is annotated to reflect the use of entitlement and returned to you.
Apply
Now
Contact Info
address
15233 Ventura Blvd Suite 500,
Sherman Oaks, CA 91403
Working Hours
Weekdays: 9 AM – 6 PM
Weekends: by appointment