VA Home Loans
VA loans are a type of mortgage that is available to veterans, active-duty military members, and eligible surviving spouses. These loans are guaranteed by the Department of Veterans Affairs (VA), which means lenders are protected in case the borrower defaults on the loan. VA loans typically offer more favorable terms and interest rates than conventional loans and do not require a down payment.
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In addition, VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments. VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage. Overall, VA loans provide a valuable benefit to those who have served our country and can make it easier for them to achieve the dream of homeownership.
VA Loan Characteristics
1) VA loans are available to eligible veterans, active-duty military members, and eligible surviving spouses.
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2) These loans are guaranteed by the Department of Veterans Affairs, which means lenders are protected in case the borrower defaults on the loan
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3) VA loans do not require a down payment, which can make it easier for borrowers to purchase a home
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4) VA loans typically offer more favorable terms and interest rates compared to conventional loans
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5) VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments
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6) VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage
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7) VA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums
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8) VA loans allow for options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.
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5) VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments
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6) VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage
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7) VA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums
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8) VA loans allow for options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.
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Jonathan goes the extra mile and then some to walk you through the journey of purchasing a home. Pro-Active and extremely well versed in the home lending field. Friendly, polite, professional and most importantly, he keeps you in the loop and updated.
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Clint and Emily “Proud Home Owners
John was first class from the very beginning. We all know how unpleasant refi can be, but he made it easy and enjoyable. He is very knowledgeable and professional and I highly recommend them!! The Two Mortgage guys are ROCKSTARS!!!!
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Steve Hurtig
Jonathan provided exceptional transparency and professionalism to my family. The process to finance the house for our family was excellent.
We highly recommend them when buying your dream house or refinancing.
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Tino Morfin
Jonathan goes the extra mile and then some to walk you through the journey of purchasing a home. Pro-Active and extremely well versed in the home lending field. Friendly, polite, professional and most importantly, he keeps you in the loop and updated.
Clint and Emily “Proud Home Owners
John was first class from the very beginning. We all know how unpleasant refi can be, but he made it easy and enjoyable. He is very knowledgeable and professional and I highly recommend them!! The Two Mortgage guys are ROCKSTARS!!!!
Steve Hurtig
Jonathan provided exceptional transparency and professionalism to my family. The process to finance the house for our family was excellent.
We highly recommend them when buying your dream house or refinancing.
Tino Morfin
Thank you for working so hard to get us our house! We love it and can’t wait to move in and settle down! You made the process so easy, quick and answered all of our questions! I really appreciate everything that you did for us! Thank you for the great experience!
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Chelby Watson
This was my second loan working with Jonathan and if I ever need another mortgage I'll definitely be back for a third time. Jonathan and all the staff at Two Mortgage Guys were attentive to my needs and worked diligently to get me the best possible rate on my re-fi. .
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Mark Taylor
Jonathan is one of the most professional individuals you will ever work with. He is extremely knowledgeable. He has helped me several times and is always quick to give great recommendations to help solve any issue. Super trustworthy and helpful. I highly recommend Jonathan!
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Sherri McFadden
Thank you for working so hard to get us our house! We love it and can’t wait to move in and settle down! You made the process so easy, quick and answered all of our questions! I really appreciate everything that you did for us! Thank you for the great experience!
Chelby Watson
This was my second loan working with Jonathan and if I ever need another mortgage I'll definitely be back for a third time. Jonathan and all the staff at Two Mortgage Guys were attentive to my needs and worked diligently to get me the best possible rate on my re-fi. .
Mark Taylor
Jonathan is one of the most professional individuals you will ever work with. He is extremely knowledgeable. He has helped me several times and is always quick to give great recommendations to help solve any issue. Super trustworthy and helpful. I highly recommend Jonathan!
Sherri McFadden
© Copyright 2023 Jonathan Ferrell Mortgage Broker. All rights reserved
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Jonathan Ferrell, NMLS ID 871443, is a licensed mortgage broker with Park Cities Lending, Inc. - NMLS 1465666 | 1055 Equestrian Drive Rockwall, TX 75032 |
More about Park Cities Lending, Inc.
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Notice To Texas Loan Applicants: Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator, should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending, 2601 North Lamar, Suite 201, Austin, TX 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov
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A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov