Are you a military service member or veteran interested in buying a home?

The VA Loan is a powerful resource that military members and veterans can use to achieve homeownership.

As a benefit of your service, the Department of Veterans Affairs provides exclusive resources to help those with military experience purchase a home with little to no down payment. VA Loans offer flexible options, including both Fixed Rate and Adjustable Rate mortgages.

What is VA loan?

VA loans allow buyers to finance 100% of the home’s purchase price, meaning no down payment is required. However, it’s important to remember that buyers still need to qualify for the loan. Lenders will assess your credit and ability to repay the mortgage. If you’re experiencing financial difficulties, the lender may require you to pay down debt or save money before approving the loan.

You may also be responsible for closing costs, such as title recording fees or legal fees for preparing documents. These costs are negotiable with the seller, so it’s essential to discuss them with your realtor before making an offer on a home.

The VA Loan process

A VA loan works similarly to other home purchases. The buyer submits a written offer to purchase a home, outlining conditions such as price, closing cost assistance, and other contingencies, then goes through the approval process with a lender. The key difference with a VA loan is that the Department of Veterans Affairs requires the property to meet certain habitability standards. To ensure this, the VA sends an appraiser and home inspector to confirm the home is in good condition and appropriately valued.

This step may cause delays, particularly if repairs are needed after the inspection. However, issues found during the inspection don’t necessarily disqualify the buyer from using a VA loan; the repairs simply must be completed before finalizing the purchase. Additionally, the VA now offers a loan option for homes requiring limited renovations.

How VA Loans Work

Have questions?

Give us a call! One of our mortgage specialists would

happily answer all your questions.

**Greenly Mortgage LLC is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

 

Buy your home with as little as 0% down.

Fixed-rate options are available with 30-, 25-, 20-, and 15-year terms.

A 5-year adjustable-rate mortgage is available.

Jumbo VA loans are available.

The VA Streamline Refinance offers a reduced funding fee and flexible documentation requirements, available to veterans who are already in VA loans.

No monthly PMI (Private Mortgage Insurance).

VA loans are governed by the U.S. Department of Veterans Affairs.

Pay your mortgage off at any time without pre-payment penalties.

Frequently Asked Questions

Why choose Greenly Mortgage?

At Greenly Mortgage, we understand the ins and outs of mortgage financing and we know the importance of savings. Greenly Mortgage has worked hard to build a company full of mortgage experts and people experts, meaning we understand that a mortgage isn’t just a loan, but a step towards the dream of homeownership, and a cash-out refinance isn’t just a lower rate, but a means to send your children to college. We get it. We use our advanced technology to provide low rates, transparent pricing, easy online applications, and most importantly great client service.

We offer the following loan options:

Fixed Rate Mortgage

Federal Housing Administration (FHA)

First-Time Home Buyers.

Jumbo Home Loans

Veterans Affairs

Rehab 

Low Down Payment Options

Investment Property

Refinance

If you are looking for a loan not listed here, please contact us. We will be happy to help you and guide you on your mortgage journey.

Yes, we can do construction loans for the builder, and the borrower.

A 580 score is needed for FHA. If you have a score lower than that, please reach out to us and let us figure out what is best for you.

Ohio and Florida

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