• VA Loans

  • HOUSING LOANS FOR VETERANS:

    YOU'VE EARNED THE RIGHT

     

    VA loans offer 100% financing and a DD214 certificate of eligibility is required. Qualification is based on your minimum credit score of 620, your income and your debts. There is no mortgage insurance! Sellers can pay up to 6% of the sales price toward your closing costs. The VA charges a funding fee which is based on your down payment, type of service and number of times you have used your certificate. This can be paid at closing or added to your loan.

    For veterans, home has a very special meaning. Maybe it’s a charming colonial in the suburbs. Maybe it’s a downtown loft condo. Or perhaps it’s a spacious ranch on a multi-acre country parcel. Whatever their ideas of perfection are, Magnolia State Mortgage wants to unlock the potential in VA loans to help our country’s heroes experience what home should feel like.

     America’s vets don’t just deserve affordable homeownership: they’ve earned it. VA home loans are a benefit offered only to our country’s bravest men and women, and it can help them live the comfortable lifestyles they so rightfully ought to have. 

    Whether you’re refinancing or purchasing, we can help. How could veterans home loans from Magnolia State Mortgage help you save money and live the life you deserve?

     

    VA LOAN BENEFITS:

    • VA home loans are available to active-duty military members, veterans, and their families
    • 100% equity cash-out available
    • No monthly mortgage insurance premiums
    • Typically have lower interest rates and monthly payments than conventional loans
    • No appraisal required for streamline VA loan refinancing transactions
    • No down payment required as long as the purchase price doesn’t exceed the home’s value