VA Home Loans

We help veterans understand their VA Home Loan benefit to buy a home with No Down Payment and No Mortgage Insurance.

VA loan is a home loan guaranteed by the US Government available only to eligible military veterans.  VA loans have benefits that conventional and other financing options just don’t offer.

Contact Mike at 508.453.4766 or use our online contact form

100% Financing – An eligible veteran can purchase a home with no down payment.  The VA doesn’t actually make the loan,  Direct lenders such as Sierra Pacific Mortgage, will lend 100% of the funds to purchase the home.  This is possible because have been approved by the department of veteran affairs  to make this type of loan with a guarantee from the federal Government.

No Mortgage Insurance (PMI) – VA Loans have no requirements for private mortgage insurance or otherwise known as PMI.  This results in a lower monthly payment because mortgage insurance fees can be several hundred dollars a month depending on the loan size.

Lower Closing Costs – The closing costs rules for lenders originating VA loans have strict rules against lenders charging “junk” fees as closing costs.  Only certain costs are able to be paid for by the borrower.  This results in less money out-of-pocket for closing costs if you are paying them.  It is not uncommon for sellers to pay closing costs if the offer is made with that written in.  As long as the seller gets the amount that they want for the house, it’s a win/win!

When it comes to VA Loans, Sierra Pacific Mortgage, has the experience and knowledge to  finance 100% of your new purchase or refinance of your owner occupied home.  A VA loan will allow you to purchase a home with no down payment and lower closing costs compared to traditional loan programs.  To apply for a VA loan please use our secure loan application

Apply For A Home Mortgage

VA Resources

 

VA Website

VA Loan Eligibility Check

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