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VA Purchase Guaranty Program

A VA Mortgage Loan Has it’s Perks

The VA loan program is one of many great benefits you can earn by serving our country. Whether you’re a veteran, an active duty servicemember, a surviving spouse, a member of the Special Reserves or National Guard or other uniformed service, you may have home loan benefits coming to you. THANK YOU FOR YOUR SERVICE and SACRIFICE! This unique mortgage program has advantages, including:

  • No Down Payment on Most Purchase Loans
  • Up to 100% Loan-to-Value on Refinances
  • Never Pay Monthly Mortgage Insurance Premiums
  • Easier Qualifying Standards
  • No Penalty for Early Payoff
  • Streamline Refinancing Option
  • Free Mortgage Counseling
  • Funding Fee Waivers for Qualified Borrowers

If you’re not sure if you’re eligible, give us a call at 1-866-663-0826.

Trust The VA Mortgage Loan Specialists

We have funded billions in mortgages since 1996. We’ve got your back!

As a dedicated VA lender, American Pacific Mortgage makes loans for military members. We continually at the top the nation’s list of financial institutions for the most VA-backed loan volume. We are approved to originate these unique loans, and we are an Automatic Lender. That means our approved loans don’t need a second opinion from the VA to get their backing. Lenders that don’t have this certification must take an extra step and get VA authorization on every loan before it can be guaranteed. Trust your home loan benefits to the VA mortgage specialists.

If you’re ready to start your journey to homeownership, call us today at 1-866-663-0826.

VA Loans With No Down Payment

One of the most attractive features is that most purchases require no down payment. Government backing secures a portion of each loan so that approved lenders don’t need extra collateral. If you’re an eligible borrower who doesn’t have a lot of cash saved up for a down payment, you may be able to buy a house. This feature makes it possible for some individuals to become homeowners even if turned down with another program.

Borrowers often can’t qualify for other loan programs because they can’t meet the down payment requirements. If within conforming loan limits, mortgages backed by the VA don’t require a down payment. This doesn’t mean VA borrowers never make down payments. Here are some cases when a down payment may help you:

  1. If the house you’re buying is priced higher than the loan limit in your area, then you can make a down payment to secure the amount not backed by the VA.
  2. If you want a lower monthly payment, a down payment can help reduce the principal amount of the loan to make your payments more affordable.

To find out if a no-down-payment mortgage can help you, contact one of our loan specialists today.

How Much Can You Save By Not Paying Monthly Mortgage Insurance Premiums?

Another great characteristic of these mortgages is that no borrower ever has to pay monthly mortgage insurance premiums (MMIP). Government backing provides security enough on these loans so that no additional private mortgage insurance is needed.

To give you an idea of the savings this can provide, consider typical MMIP on a $200,000 mortgage. This amount might be around $120 per month. That can really add up. Think of what you could do with that kind of money each month. This is enough to contribute to a retirement account or college fund. No MMIP is a great reason to choose this home financing program.

To find out how much you can save by not paying MMIP, talk to an American Pacific Mortgage team member today

Help With COE and Other Loan Documents

If you don’t know where to begin your VA home loan mortgage process, let us help you. Nobody should be intimidated when getting a loan, especially by loan documents. Let’s just put it out there; we’re going to ask you for a lot of documents. And, loan documents shouldn’t stop you from pursuing your dream of homeownership. We can help you obtain your COE and gather other documents required for approval.

Learn About Your VA Home Loan Benefits

As one of the largest volume VA lenders in the country, American Pacific Mortgage is committed to reaching out to the men and women of our uniformed services about their home loan benefits. We want you to be informed so you can get the most out of your hard-earned benefits.

So, as your specialty lender, we provide you with one-on-one access to people in the know, as well as a virtual library of reliable resources. Learn what’s required for eligibility and how to obtain your COE. We can help you calculate your entitlement and even educate you about what kinds of homes are acceptable for VA financing. You have the questions, and we have the answers.

If you’d like to know more about VA loans or our company, call us now at 1-866-663-0826.

Fill out this short form and a mortgage expert will get in touch with you.

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