Designed to give active duty military or veterans a secure, affordable mortgage option, VA Loans are a great government-backed loan to help any veteran looking for a new home. If you’re like many, and have fallen in love with the Springfield, MO area, then let USA Mortgage help you find the rates and options that will best suit you and your family. For each family we help, we look to help make possibility a reality. That means helping make your dream home a reality. Ready to get started? Find out what VA loan options in Springfield are available below.
Springfield, MO VA Loans
What are VA Home Loans?
Backed by the U.S Department of Veterans Affairs, VA Loans are available to eligible veterans, active-duty service members, and certain reservists and National Guard members. Created in 1944 to help the veterans of World War II, VA loans can be used to purchase a home, build a home, or make improvements to an existing home. They’re also available to refinance an existing loan. A VA loan is known for its competitive interest rates and usually requires no down payment (Unless the purchase price is more than the reasonable value of
the property or to meet the 25% VA guaranty.). If you don’t purchase mortgage insurance, the maximum loan amount is $647,200.
VA home loans are specifically created to help eligible veterans, active-duty service members, and certain reservists and National Guard members buy or refinance the home of their dreams. Created in 1944 to help Veterans after World War II, VA loans have competitive interest rates and for the most part require 0% down payment requirement (Unless the purchase price is more than the reasonable value of the property or to meet the 25% VA guaranty.). With no mortgage insurance, VA loans have a maximum loan amount of $647,200. Included in the loan is also a VA funding fee. Many times, for disabled Veterans, this fee can be waived.
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Ready to Apply for a VA loan in Springfield, MO? Our Mortgage Loan Originators at USA Mortgage are here for your convenience, ready make possibility become reality! We’ll get the mortgage process done quickly and have you settled into your new home before you even know it. Apply today, and see just how effortless it is when you work with USA mortgage.