Daryl Mitchell 210-326-5545
VA Loans
100% Mortgage Home Loan.
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.
Other benefits of a VA loan include:
- Negotiable interest rate.
- Closing costs comparable – and sometimes lower - than other financing types.
- No private mortgage insurance requirement.
- Right to prepay loan without penalties
- Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
- Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.
A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.
Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.
Texas Vet loan is also a fantastic program that can save you thousands in interest by getting a low rate, and yes this is a loan we can provide you.
VA Refinance Loans
The Veterans Administration offers San Antonio Veterans several different VA Home Loan Refinance Programs. We understand and appreciate that you have served our great nation, and are here to provide you with a variety of options in order to accomplish your VA refinance goals. If you are considering a VA refinance of your current loan to lower your interest rate, or restructuring your payment and equity objectives, San Antonio VA Mortgage can help you with your VA Loan Refinance and present you the most viable and beneficial options in the marketplace. It is important to be aware of VA current interest rates to ensure that you will be able accomplish your financial goals with a VA mortgage refinance.
If you are having trouble meeting your monthly mortgage payments, a VA mortgage refinance can help. Let us help you find the solution to your needs. More information on VA refinances.
VA Purchase Loans
Pilgrim Mortgage specializes in servicing first time home buyers utilize their VA benefits each and every day. VA mortgages offers many advantages, as it is very popular with first time homeowners. Because a VA Loan is guaranteed by the U.S. Federal Government, you should expect lower interest rates and less down payment in relation to a conventional residential home loan.
Exciting things are happening with VA home financing - VA is only 1 of only a few options left for true 100% financing without mortgage insurance stay up-to-date with changes in loan limit increases.
We make the process of purchasing a new home or refinancing your current mortgage simple and straight forward by offering you the latest in financial tools set forth by the best banks in our country. This will enable you to make the most accurate financial decision. Purchasing a home or refinancing your current mortgage should not be stressful. Please call me for up to date rates and any other mortgage questions.
Feel free to call me anytime for a no obligation quote! Daryl 210-326-5545
