VA Loans

Diversified Home Loans, Logan Utah

NMLS #1494

What is VA Loans?

The Unique Advantages Of VA Loans For Veterans

A VA loan is a mortgage loan program established by the Department of Veterans Affairs (VA) to help veterans, active-duty service members, and eligible surviving spouses become homeowners.

VA loans are backed by the government, offering unique advantages that make owning a home more accessible and affordable for those who have served our country.

No Down Payment

One of the most significant and helpful benefits of a VA loan is the option to purchase a home with no down payment. This means you can keep your hard-earned savings for other important expenses.

No Private Mortgage Insurance (PMI)

Unlike conventional loans, these loans don’t require private mortgage insurance (PMI), potentially saving you hundreds of dollars every month.

Competitive Interest Rates

VA loans often come with competitive interest rates, ensuring that you get the best possible terms and save money over the life of your loan.

Flexible Credit Requirements

VA loans come with more lenient credit requirements as compared to conventional loans, making it easier for veterans with less-than-perfect credit to qualify.

Closing Cost Assistance

VA loans allow sellers to contribute towards the buyer’s closing costs, reducing the amount of money you need to bring to the closing table.

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Important factors


Funding Fee

VA loans require a funding fee, a one-time payment that helps offset the cost of the loan program. This fee, however, can be rolled into the loan amount, minimizing the upfront expenses.

Property Eligibility

VA loans have specific requirements conerning the types of properties that can be financed. The property must meet certain standards to ensure it is safe and suitable for occupancy.

Limited Loan Amounts

VA loans have limits on the amount of money you can borrow. These limits vary depending on the county in which you are purchasing a home.

Occupancy Requirement

VA loans require that the borrower live at the property as their primary residence. This means you cannot use a VA loan to purchase any property used for investment purposes.

Expert Guidance, Personalized Service

Tailored Solutions for Your Homeownership

At Diversified Home Loans, we’re dedicated to serving our country’s heroes. Our expert team will assist you with VA loans, answer questions, and support your path to homeownership. Contact us today to get started!