VA Loans
 

Yes, you can purchase your own home with NO out of pocket even if you are a first time homebuyer with blemished credit! Of course, your seller will want a deposit on the contract (typically $500 - $1000) up front but we will explain to your realtor how to write an offer to get your deposit back at closing. Tica Harper is a real estate broker so that is an added advantage in your mortgage broker. We know how to write up the offers to minimize your out of pocket for a smooth and less painless transaction. 100% financing is allowed for veterans even with blemished credit. VA 100% loans have lower monthly payments then conventional 100% financing because there is NO monthly mortgage insurance on VA mortgages.

VA does charge a one time funding fee to fund the Veteran’s Administration mortgage guarantee division. This fee can be rolled into your mortgage payment. This is VA’s version of mortgage insurance.

• LOW 30 year fixed rates are still available

• Five and seven year fixed rates are available with even lower rates

• No pre-payment penalties for VA mortgages
   

Typical documents needed for a VA loan application:
a.) Eligibility Form
b.) DD214 (copy) if the veteran has been discharged
c.) Statement of service from your commander, if active
d.)  Past two years W-2s
e.) Most recent LES statement
f.) Two months of bank statements
g.) Possible credit explanation, if applicable