Does freedom mortgage Do VA loans?
Written by - January 26, 2023
Yes, Freedom Mortgage does offer VA loans! In fact, VA loans are one of the many mortgage options that Freedom Mortgage offers to help our customers achieve their dreams of homeownership.
As a leading full-service residential lender with more than two decades of experience in the mortgage industry, Freedom Mortgage is proud to be a VA-approved lender. We understand the unique needs of our country's veterans and their families, and we are here to help them take advantage of the many benefits of VA loans.
Why choose a VA loan from Freedom Mortgage?
- No down payment required: VA loans allow eligible borrowers to finance up to 100% of their home's purchase price, which means no down payment is required.
- Lower interest rates: Since the VA guarantees a portion of the loan, lenders like Freedom Mortgage may be able to offer lower interest rates than other types of loans.
- No private mortgage insurance (PMI): Unlike other types of loans, VA loans do not require borrowers to pay for PMI, which can save them hundreds of dollars each year.
- Flexible credit requirements: While it's important to have good credit, VA loans may be available to borrowers with less-than-perfect credit or a limited credit history.
- Streamlined refinancing options: VA loans offer a unique refinancing option called the VA Interest Rate Reduction Refinance Loan (IRRRL), which may allow eligible borrowers to refinance their existing VA loan to a lower interest rate and payment without requiring full underwriting.
How to apply for a VA loan from Freedom Mortgage?
To apply for a VA loan with Freedom Mortgage, you'll need to meet certain eligibility requirements. These include:
- Sufficient credit: While there's no minimum credit score required for a VA loan, lenders like Freedom Mortgage may have their own credit score requirements. Generally, a credit score of at least 620 is needed for approval.
- Eligible military service: In order to qualify for a VA loan, you must be an active-duty military member, a veteran, a reservist, or a surviving spouse of a service member who died while on active duty or as a result of a service-related injury or disability.
- VA loan Certificate of Eligibility: Before you can apply for a VA loan, you'll need to obtain a Certificate of Eligibility (COE) from the VA.
Once you've met these requirements, you can apply for a VA loan with Freedom Mortgage. Our experienced loan officers will guide you through the process and help you find the loan that's right for you.
If you're wondering about the benefits of choosing Freedom Mortgage for your VA loan, here are just a few reasons why our customers trust us with their mortgage needs:
- Personalized service: We strive to provide our customers with a personalized experience and are committed to helping them achieve their homeownership goals.
- Competitive rates and fees: We offer competitive interest rates and fees to help our customers save money on their mortgages.
- Fast and efficient closings: We know how important it is to close on your home loan quickly and we work hard to make the process as fast and efficient as possible.
- Experience and expertise: With more than 25 years of experience in the mortgage industry, our team of professionals has the knowledge and expertise needed to handle even the most complex mortgage situations.
And if you're still shopping around for the right VA loan lender, I'd like to take a moment to tell you about Mortgage Brokers Pro . As a leading national lender, Mortgage Brokers Pro offers a wide range of mortgage options, including VA loans, to help borrowers find the financing they need to achieve their homeownership dreams. Here are just a few reasons why Mortgage Brokers Pro is a great choice for your next VA loan:
- Expert guidance: Our team of experienced loan officers will guide you through the process and help you find the loan that's right for you.
- Easy online applications: You can apply for your VA loan online in just a few minutes, making the process fast and convenient.
- Competitive rates and fees: We offer competitive interest rates and fees to help our customers save money on their mortgages.
- Fast and efficient closings: We know how important it is to close on your home loan quickly and we work hard to make the process as fast and efficient as possible.
Overall, both Freedom Mortgage and Mortgage Brokers Pro are great options for VA loans and other types of mortgages. Whether you're a first-time homebuyer, a seasoned homeowner, or a veteran looking to take advantage of the many benefits of VA loans, we're here to help you achieve your homeownership goals.