Fort Worth VA Home Loans
Welcome Home and Thank You for Your Service. We have Fort Worth VA home loan specialists on stand by to help get you into your new Texas area home. Do you qualify for Fort Worth VA home loans? If you have been in the military or are active duty, you may qualify for a Veteran’s Affair’s backed mortgage. These types of loans are backed by the federal government. As a result, they tend to offer easier credit and down payment requirements. For those that meet the time limits of these loans (based on when and how long you served), the advantages of obtaining them are numerous. VA mortgages in Fort Worth, TX are available from many lenders. For those who have served in the U.S. Armed Forces, these affordable mortgages may be exactly what you need to purchase your dream home.
Individuals will qualify for these loans based on their years and times of service. The Department of Veterans Affairs will help you to determine if you qualify in this way. You can then apply for the loan through a local lender. These loans do not require you to make a down payment, unlike most other types of mortgage loans. Individuals will also benefit from these loans because of the lower credit score requirement – you do not have to have perfect credit to qualify for this type of mortgage loan. There is also no or limited need for mortgage insurance. These benefits are present because lenders view these loans as less of a risk.
VA Loan Advantages
- Low Rates
- 100% Loan to $417K
- Small Down Payment above $417K
- Jumbo VA Loans to $700K
- TX VET Program Available
- Easier Qualifying
- Alternate Credit OK
- 4% Seller Concessions
- No Prepayment Penalties
- Funding Fee can be Financed
- Manufactured Housing OK (subject to restrictions)
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Requirements for a VA Mortgage
Required Documents to begin your VA Home Loan – The Veteran borrower will need to provide loan documentation regarding both Military service and financial income. Some of these documents include your Veteran’s VA Certificate of Eligibility, Past 2 years W2 statements, One month of most recent LES or pay stubs, Two months of most recent bank statements, copy of DD214.
Consider the details of the Fort Worth VA home loans. These loans have low interest rates and you can finance up to 100% of the purchase price of your home (no down payments). You can easily qualify if you’ve served in the U.S. Armed Forces. There are no prepayment penalties, seller’s concessions are at four percent, and the funding fee can be financed as well. In addition you can purchase most types of homes, including most manufactured houses as long as they meet specific safety standards. For all of these reasons, VA mortgages in Fort Worth, TX may be exactly what you need to purchase your next or first home. Talk to a VA mortgage lender today about how affordable these loans can be for your specific home buying needs.