Professional Mortgage Associates 

Real Estate Broker | Mortgage Corporation
DRE License:  01902537
NMLS ID:  815819
Sacramento, California
866-873-8535 | 916-442-1459
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Benefits of VA Loans

VA Loan

A VA loan is perhaps the most powerful and flexible lending option on the market today. Rather than issue loans, the VA instead pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults. 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. 

Benefits of VA Loans

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. 

VA loans offer a few other bells and whistles:

  • 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

We take pride in providing you with excellent service and appreciate the opportunity to assist you with your mortgage needs. 

Licensing

CA Bur of Real Estate – Real Estate Broker
NMLS# 815819
DRE Lic# 01902537

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Contact Info

Professional Mortgage Associates
1231 I St. Suite 203
Sacramento, CA 95814
Phone: 866-873-8535 | 916-442-1459
Fax: 916-442-4526
Email: admin@profmortgage.com

    

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