Honoring Our Veterans with Tailored Mortgage Solutions
At Tailored Mortgages, we deeply honor and appreciate the sacrifices made by our veterans who have bravely served our country. Their dedication and service have preserved our freedoms and way of life, a debt of gratitude we can never fully repay. In recognition of their valor, Tailored Mortgages proudly supports our veterans by offering VA Loans—a token of our nation’s appreciation.
VA Home Loan
Benefits
Am I eligible?
Eligibility for VA home loans is reserved for service members, veterans, and certain members of the National Guard and Reserves, as well as surviving spouses. To qualify, individuals must meet specific service length requirements, which vary depending on when they served. The VA also requires that borrowers have a satisfactory credit score, sufficient income to meet monthly expenses, and a valid Certificate of Eligibility (COE) to prove their entitlement to lenders. VA home loans are available for buying, building, repairing, retaining, or adapting a home for personal occupancy.
Streamlined Approval Process
VA Loans offer a streamlined approval process, making it easier for veterans to secure financing. With less stringent requirements compared to conventional loans, VA Loans are designed to facilitate access to home ownership for those who have served our country. This means faster approval times and less hassle for veterans and active military members looking to buy a home.
Zero Down, Lower Rates
A key advantage of VA Loans is the zero down payment requirement, significantly easing the path to homeownership for many veterans by eliminating the need to save for years. Additionally, VA Loans offer competitive interest rates, often lower than conventional loans, leading to considerable savings over the loan’s lifetime. This makes homeownership more affordable for veterans and active military members, acknowledging their service with favorable financial terms.
No Private Mortgage Insurance (PMI)
Unlike conventional loan borrowers, VA Loan recipients are not required to pay Private Mortgage Insurance (PMI), a monthly expense that can add up over time. This exemption can save veterans hundreds of dollars a month, further lowering the cost of owning a home. It’s another way the VA Loan program acknowledges the sacrifices made by military service members and veterans.