With less than perfect credit, your options for a home loan may be limited. But if you’ve served in the military, you may qualify for a quick approval and no down payment with a Veterans Administration (VA) Loan.
VA loan doesn’t require you to make any down payment whereas, for other mortgages, the borrower has to pay a small amount of down payment. The credit score requirements are very flexible for a VA loan.
This loan is backed by the government entity and hence comes with such flexible and favourable terms. The borrower has to fill in an application form and submit all the required documents.
VA Loans Information
How a VA Loan Works
PierPoint Mortgage’s goal is to help make your dream of home ownership become a reality. We definitely appreciate your service to our country, and we’ll do everything we can to overcome the obstacles you’re facing and help you become a homeowner.
We are committed to providing the best possible service to our clients and have simplified the application process so that your loan with being more likely to be approved. We provide the expertise and the experience to help you obtain the best possible loan for your budget.;
VA Mortgages are available to Active Duty Military, Retired Military, some surviving Spouses, and Reservists/ National Guard Members.
Should a borrower be in default on their loan, the VA will repay it. A VA loan is one of the best lending options available on the market today.
Rather than issuing loans, the VA guarantees to the lender that repayment will be made, no matter what. That guarantee gives VA-approved lenders greater protection when lending to military borrowers, and often leads to highly competitive rates and terms for qualified veterans.
Down Payment Options
No down payment required for a VA loan!
Thin or alternate credit allowed. The VA assumes liability for the loan in case of a default which provides lenders with maximum security and allows borrowers to have lower credit scores.
PierPoint Mortgage, LLC, was founded in 2003 and had been offering brilliant services ever since. It is a nationwide mortgage broker that has over 50 years of mortgage experience.