Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.
" We just finished our loan with One Source Home Mortgage and couldn't have been happier with the rates and service we recieved. From the inset, our loan was handled in a timely and professional maner." Thanks Again !
"We recently completed our second refinance in two years with Tom Derrick. Refinancing at these low mortgage rates is pretty much a no-brainer but the same can't be said about finding a broker. Tom is honest and professional. We compared his numbers on both refi's and Tom had the lowest interest rates and closing costs. He makes the process easy. We're happy to recommend him."
"I wanted to let you know how impressed I was with the job everyone did at your company. I have refinanced several times in the past and usually pick the company that has the lowest rates. Of course I did the same when I chose your company. However, this time I received great service to go with the low rate."
"I just wanted to thank you for constantly following up with me. The last time I refinanced it seemed as if I always had to follow up with the mortgage company. Thanks for staying on top of everything and keeping things moving forward."