Who is right for an VA Loan?
VA loans are for qualified veterans (or those currently serving) and their families. With up to 100% financing available, no mortgage insurance (MI) and competitive rates, these loans are a great benefit for those who have served. If you agree with any of the below, a VA loan may be best for you!
You've served in the armed forces.
You're looking for up to 100% financing.
You have an
okay credit score.
You're looking to refinance your home.
This will be your primary home.
Find the right
loan for you.
Here at Triumph Lending, we believe it’s not the right home if it’s not the right loan. We’re never going to let you get in to a mortgage that you can’t handle. Our loan officers are trained financial professionals who’s mission it is to guide you to the right product for your financial situation, and our compensation plans eliminate incentives that may cause other companies to lead you in to higher cost loans.
First time buyer?
Learn the basics.
Buying a home but feeling a bit overwhelmed? We know how it goes. At Network Funding, we want you to feel confident in your mortgage decisions – after all, this is one of the biggest purchases of your life! That’s why we’ve created a suite of educational resources for your benefit!
The information on this page is not meant to be a quote. So if you want an ACTUAL interest rate quote or if you’re just curious what you may be eligible for, just ask us!
Annual Percentage Rate (APR) effective 9/15/17. Rates based on NFLP’s average customer FICOs for 2017. Rates may change or not be available at the time of lock. Not an offer to enter into an interest rate or discount point agreement. Any such agreement may only be made in writing by both the borrower and the lender. Network Funding, LP reserves the right to change or cancel this offer without notice. Subject to applicable laws and regulations. Monthly payment excludes mortgage insurance, homeowners insurance, property taxes and HOA.
For the information discussed on this page, we’re assuming the following: $300,000 purchase. $300,000 loan amount. $1485 P&I. 4.125% (4.421% APR). 721 FICO.
HOW MANY HOMES CAN I BUY WITH A VA LOAN?
The VA loan program is designed for your primary residence only. That being said, depending on your VA entitlement amount, you can possibly reuse your entitlement in the future on subsequent primary residence purchases. Selling your previous home will usually free up your eligibility for future purchases.
WHEN IS IT BEST TO PUT MORE DOWN ON A VA LOAN?
Putting money down on a home is completely up to the veteran. In most cases it will not improve the terms of the financing to put any/more down.
CAN I BUY A VACATION OR INVESTMENT PROPERTY WITH A VA LOAN?
Unfortunately, no. VA loans are for primary residences only. That being said, if you were to move, you could keep your home and use it as a vacation home/investment property in the future. It would just affect your ability to continue to use your VA eligibility on future transactions.