Veterans Affairs

VA loans offer 100% financing and a DD214 certificate of eligibility is required. Qualification is based on your minimum credit score of 640, 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, the 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?