We Help
Veterans Save

AN AVERAGE OF $210 PER MONTH

*Based on statistics from 2016 – present day

New 30 Year Fixed: 1.75% / 2.433% APR*

*Based on a VA loan amount of $225,000 with a 30-year 3/1 Adjustable-Rate Mortgage (ARM) of 1.75%, 2.433% APR (Annual Percentage Rate)underwriting fee of $995 and discount points 2.0% which is available as of approve date. This is a fixed rate for 3 years. **New payment estimate is principal and interest only, taxes and insurance are not included, the actual payment obligation will be greater. ††Based on a VA loan amount of $225,000 with a 30-year 3/1 Adjustable-Rate Mortgage (ARM) of 1.75%, 2.569% APR (Annual Percentage Rate) underwriting fee of $995, and discount points 2.0%. Cash-out offer requires refinancing your entire current loan. This rate applies to conforming loan limits and non-conforming loans will need to be priced out on a case-by-case basis. This is not an offer for credit. Maximum LTV/CLTV of 89.9%. Minimum FICO score of 700. Logos and trademarks in the use of this document are property of their respective owners. Rev.

 

Contact Us

  • Do not fill this form out if you're a solicitor.
  • Enter your two-letter state abbreviation
  • This field is for validation purposes and should be left unchanged.

Talk To Our Team About Utilizing A VA Mortgage

If you are a veteran — or a surviving spouse of a veteran — and you are interested in utilizing your VA loan to purchase a home, we will be happy to walk you through your options. VA mortgages provide a unique opportunity for funding. With no down payment required and low credit scores accepted, a VA loan could be the answer you have been looking for. Talk to the team at Patriot Home Mortgage about eligibility requirements and how to utilize this unique mortgage. We look forward to helping you find the perfect financing option for your needs.

IMG-1.1_va-rv

CALL NOW (855) 552-8548
Enjoy The Following Benefits Of VA Loans:

  • NO DOWN PAYMENT
  • SCORES AS LOW AS 600
  • 2.15% FUNDING FEE FOR 1st
  • PRIMARY RESIDENCE ONLY
  • LOAN AMOUNTS OVER $417,000

VA LOANS

A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). Its purpose is to offer long-term financing to eligible American veterans or surviving spouses (provided they do not remarry). This program is to provide home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. Eligible areas are designated by the VA as housing credit shortage areas and are generally rural areas and small cities and towns not near metropolitan or commuting areas of large cities.

A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). Its purpose is to offer long-term financing to eligible American veterans or surviving spouses (provided they do not remarry). The VA mortgage program is to provide home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. Eligible areas are designated by the VA as housing credit shortage areas and are generally rural areas and small cities and towns not near metropolitan or commuting areas of large cities.

VA MORTGAGE FINANCING OPTIONS

The VA loan allows veterans 103.15 percent financing without private mortgage insurance or a 20 percent second mortgage and up to $6,000 for energy-efficient improvements. In a refinance where a new VA mortgage is created, veterans may borrow up to 90% of reasonable value, allowed by state laws. In a refinance where the loan is a VA mortgage refinancing to VA mortgage (IRRRL Refinance), the veteran may borrow up to 100.5% of the total loan amount. The additional .5% is the funding fee for a VA Interest Rate Reduction Refinance.

VA mortgages allow veterans to qualify for loan amounts larger than traditional Fannie Mae or conforming loans. Patriot Home Mortgage can help walk you through this process to gain access to this incredible resource available to American veterans. Contact our team to discuss your VA home loan options.

VA LOAN BENEFITS

icon-downpayment

No Down Payment

Most loan programs require you to have a downpayment in order to receive mortgage financing, but a VA loan allows you to finance up to 100 percent of the purchase price.

icon-guarantee

Government Guarantee

A VA home loan comes with such favorable terms because the federal government backs the loan. That means that the government guarantees that a portion of the home loan will be paid back to the mortgage lender, even if you end up not being able to make the monthly payments. This encourages lenders to offer VA loans to borrowers.

icon-lowrates

Among the Lowest Rates

A VA loan is one of the lowest-risk home loans available, which means lenders can offer great rates. Most home loan programs require a higher down payment and credit scores than VA loans, which means that if you qualify, you can get very favorable rates.

icon-easy

Easier to Qualify for VA Loan

Like any home loan, you need to provide specific financial documents, like credit history and gross income. However, unlike a conventional loan or another type of home loan, the guidelines for a VA loan are more flexible, meaning that you may be able to qualify with a higher credit score or lower monthly income than you would for a different type of home loan.

icon-lowcosts

Closing Costs May Be Lower

The VA limits the closing costs that lenders can charge for those who receive a VA loan. This makes buying a home more affordable and accessible. If you’d like to learn more about closing costs and how these fees affect the home buying process, contact Patriot Home Mortgage in St. George or Mesquite.

icon-star

No Mortgage Insurance

Typically, mortgage lenders require you to buy mortgage insurance to protect the lender in case you default on the home loan. Because a VA loan is backed by the government, you most likely will not have to pay mortgage insurance.

We Specialize in VA Loans

Our mortgage company is called Patriot Home Mortgage for a reason — we specialize in helping veterans and their loved ones find the house of their dreams. We know that finding the right home loan can be challenging, but we’re here to help. If you think you may qualify for a VA home loan or would like to better understand your options, contact our mortgage company in St. George, Utah or Mesquite, Nevada to schedule a free consultation.

  • Do not fill this form out if you're a solicitor.
  • Enter your two-letter state abbreviation
  • This field is for validation purposes and should be left unchanged.