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.
Down payment as low as 0%.
Competitive interest rates that are routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting
"Thanks to all that worked on our loan. We really appreciate the time you took to make us comfortable with the process. Your professional kindness will always be remembered. Thanks again, "
"Honesty is your best quality, I would recommend you any day to my friends and family."
"My experience with Activus Home Loans was great. They helped me in every aspect of our refi. Charles worked hand in hand with me to make sure every detail was right and complete. Completely satisfied with all the details. Activus Home Loans is Highly Recommended. "
"Michele is terrific. Not only did she get me a good refinance rate when the rates were rising, she assuaged all my fears and anxieties. She kept in touch every day. I couldn't have done it without her. "