VA 15-Year Fixed Loan

Purchasing a home for miilitary service members can present hurdles and challenges. By providing a zero percent down payment option, active duty, surviving spouses, veterans and more can alleviate this hassle by taking advantage of a VA 15 year loan option. This program was designed in 1944 to help veterans get into a home or refinance their current home without the additional costs and without needing to put large sums of money down up front.

Backed by the Department of Veteran Affairs, the VA loan provides certain guarantees which assists in allowing lenders to bypass certain very strict requirements that would otherwise be needed for loan approval. With no money required to be put down and less than strict guidelines, what are some of the other benefits provided by a VA 15 year fixed loan program?

Quicker payoff with a 15-year option
No (PMI) Private Mortgage Insurance - this can save you up to 1% per year until you reach at least 20% equity
Competitive & typically low rates - this is due to the fact that the risk for lenders is comparatively low
15 years of home mortgage payments that never go up due to the fixed rate
Limited closing costs
100% loan to equity value
Lenient lending policies when compared to most conventional loans
Additional exemptions available to disabled veterans
Funding fee can be waived or paid by the seller on your behalf
No penalty fee for early payoff
Most fees can be rolled into your home loan

When it comes to VA loans there are many options available for the homebuyer or home refinacer’s needs. The most typical type found would be the standard VA purchase loan. This is for qualified purchasers in general for their home loan. Another VA loan typically found is the VA cash out refinance loan. This VA loan is mostly used for replacing a current VA loan or converting a standard conventional mortgage loan into a qualified VA loan. This loan allows the purchaser to turn their home equity built up into cash. The VA Rehab and Renovation loan is another available option to consider. This can be used for home renovations, home repairs or certain home improvements.

What are some of the qualifications to apply for a VA 15 year fixed loan? Active duty service members who have served over 90 days may qualify for this loan if they are currently serving. Veterans may also qualify for this program unless they have been dishonorably discharged. National Guard and Reserves also can apply for a VA 15 year fixed loan if they are active duty and fit the standard VA criteria when applying. Even spouses may apply if they are: an unmarried surviving spouse of a veteran who died during his or her service, unmarried surviving spouse of a disabled veteran, or a spouse of a living service member who is missing in action (MIA) or a prisoner of war (POW). Even U.S. citizens who serve in the armed forces of a government allied with the United States during WWII may qualify.

If you fit these criteria or have questions about how you can get started with a VA 15 year fixed mortgage loan, then please contact our qualified loan officers at Firehouse Mortgage. Let us get you into the home you deserve!

VA LOANS

Terms of 15 or 30 years
0% down payment
Loan amounts up to $2 million
For active duty, reservists or retired military

Apply Directly With Firehouse Mortgage Here

services

FIREHOUSE MORTGAGE

Firehouse Mortgage offers professional mortgage brokering services to homebuyers in Houston Texas. We strive to attain the highest level of customer service satisfaction and trust.

Conventional Loans

Terms of 15 or 30, or any year in between
Down payment as low as 3% for First Time Home Buyers
No Mortgage Insurance with 20% or more down payment
Cash out refinance options available

FHA Loans

Terms of 15 or 30 years
Down payment as low as 3.5%
Credit score as low as 580
Allows more people the opportunity for homeownership

USDA Loans

0% down payment
Rural counties qualify

VA Loans

Terms of 15 or 30 years
0% down payment
Loan amounts up to $2 million
For active duty, reservists or retired Military

Down Payment Assistance

City of Houston Assistance

Harris County Assistance

consultation

Let Us Help You Apply With Firehouse Today

Buying your first home? make it your dream home. We’ll work with your budget. From our community to yours, our service to the public has been our commitment. Our integrity, customer service, and professionalism has served our country, our family-values have served our community, let our commitment serve you.

Apply With Us Today

contact

We’d Love to Hear From You

Call us today for a hassle-free consultation. We can help you find the perfect home for you and your family. Let Firehouse Mortgage handle the stress of getting your dream home, so you can enjoy it the way you deserve.

Phone

Voice: 281.668.9622
Fax: 832.201.7077

Address

7702 FM 1960 Road E. Suite 300,
Humble, Tx. 77346

Email

info@firehousemortgage.net

Consumers wishing to file a complaint against a company or a residential mortgage loan originator should complete and send a complaint form to the texas department of savings and mortgage lending, 2601 north lamar, suite 201, austin, texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.Sml.Texas.Gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.Sml.Texas.Gov.