VA Loan

Product Features

No Down Payment Required: One of the few loan options with 0% down.
No Private Mortgage Insurance (PMI): Unlike conventional or FHA loans, there’s no monthly mortgage insurance.
Competitive Interest Rates: Typically lower than conventional loans due to VA backing.
Flexible Credit Requirements: More lenient on credit scores and debt-to-income ratios.
One-Time VA Funding Fee: Paid upfront or rolled into the loan (varies based on service history and down payment).

Eligibility Requirements:

Must be active-duty military, a veteran, or an eligible surviving spouse.
Must meet service length or duty requirements.
Must plan to use the home as your primary residence.

"CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR A RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV."

VA Loan

Product Features

Eligibility Requirements:

Best For Borrowers Who:

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