You served our country now let us serve you

As a Veteran, you and your family have many powerful home buying benefits in addition to traditional financing. With the exclusive VA Home Loan benefit, you may qualify for a loan with lower payments and no money down. We at First Community Mortgage understand the sacrifice you have made for our country which is why we are pleased to provide VA Loans to veterans and qualified veteran’s spouses.

New Home

The VA loan allows veterans over 100% financing without private mortgage insurance or a 20% second mortgage and up to $6,000 for energy efficient improvements. In a purchase, veterans may borrow up to 103.3% of the sales price or reasonable value of the home, whichever is less which means you could buy a home for zero down payment.

Refinancing

In a refinance, where a new VA loan is created, veterans may borrow up to 100% of reasonable value. In a refinance where the loan is a VA loan refinancing to VA loan (IRRRL Refinance), the veteran may borrow up to 100.5% of the total loan amount. Sound a bit confusing? That is why we are here, to help you in every step of the way. From qualifying to signing the paperwork, we want you to see your dream of home ownership. Give us a call today. 1-800-GO-HUMAN

 

Loan approval and terms are dependent upon borrower’s credit, documented ability to repay, acceptability of collateral property, and FCM underwriting criteria. VA loans require borrowers to have VA eligibility through Veterans Administration. For more information, please visit www.benefits.va.gov/homeloans.

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