Advantages VA Loans | All Western Mortgage

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Things To Know About VA Loans

• All Western Mortgage - Mortgage Loan Company
  Las Vegas

www.awmlending.com
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• VA loans demand has increased exponentially in
  the last few years. These loans do not require
  any down payment and are available to active
  military personnel and army veterans. Most
  online and private lenders offer these veteran
  loans, which are guaranteed by Department of
  Veteran Affairs. Therefore, they neither require
  any kind of Private Mortgage Insurance and nor
  any minimum credit. VA Loans are one of those few
  remaining mortgage options that do not require
  any down payment and therefore, have helped
  millions of army personnel to buy a home.

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• Eligibility Most veterans, members of the armed
  forces such as, military, reservists and National
  Guard are eligible for this loan. Spouses of
  military personnel who died on active duty can
  also apply for this loan. Active duty army
  members generally qualify for VA Loans after 6
  months of service, whereas reservists and members
  of National Guard must wait for 6 years before
  applying. However, if they are called on duty
  before that, 181 days of service is all they need
  to apply for this loan.

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• Advantages Zero down payment, low credit
  requirements, absence of mortgage insurance, and
  flexible terms are just few of the many benefits
  offered by VA Loans.

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• Fees The cost of VA Loans is a lot less than
  conventional loans, but it still requires a
  onetime funding fee of 2.15 of the loan amount
  if you are acquiring the loan at zero down
  payment. On the other hand, if you put in 10 as
  down payment, the fee gets reduced to 1.25.

Underwriting Requirements VA Loans dont have
any credit requirements, but private lenders
expect a credit score of at least 620 before
granting the loan.
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• If you are unsure about whether you qualify or
  not for VA loans, give All Western Mortgage a
  call on 702-850-2790 and we can help you out in
  understanding the concept of VA better. We have
  helped thousands of veterans with low credit
  score acquire their dream home. You can be one
  too. Call Now!

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Contact us

• Web www.awmlending.com
• Email info_at_awmlending.com
• Phone [phone]
• Fax - 702-369-0905

All Western Mortgage 8345 W Sunset Rd Suite 380
Las Vegas Nevada, USA. 89113