VA Loans

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.

Benefits of VA Loans vs. Traditional Mortgage

• 0% Down/100% Financing- The days of no-down-payment mortgages are gone, but not for veterans. Most conventional home loans require 20% down, even FHA government backed home loans require 3%. Being able to get into a home today with 0% down is a HUGE benefit.
• Competitive Interest Rates- Because the VA home loan is guarantied by the government, it gives the lender a lower risk which can mean a more competitive interest rate.
• You never have to pay PMI (Private Mortgage Insurance).
• Sellers can pay your closing costs.
• They are usually easier to get because the Government insures the loan so that there is much less risk to the lender.
• If you already have a VA Loan you might be eligible for a VA Streamline Refinance.
• Disabled Veterans may qualify for a waiver of the Funding Fee if they receive any disability payments from the VA or if they are considered to be at least 10% disabled.

Why Choose Northwest Mortgage Advisors to assist you with your vA home loan? 

Because we are "truly grateful" for your service to our county that's why. You are not another number at Northwest Mortgage Advisors. You are a veteran, an American, who served our county and protected others rights to achieve the American dream of owning a home. We owe it to you to offer the best service and programs we can offer.

We also offer 28 years of trusted experience of closing and funding VA loans. "It's not just about knowledge, it's about heart. We put the two together"

VA purchases, VA refinance streamlines, VA No-No loans, refinance cash out, you name it, we've done it.

What is a VA Streamline Refinance?

A VA Streamline Refinance is a refinance option that is available if you already have a VA mortgage and you want to lower your interest rate with little or no out-of-pocket closing costs. You don't have provide bank statements, W2s, job verification or paychecks.

Who is eligible for a VA Loan?

As a rule of thumb, almost all active duty or honorably discharged service members are eligible for a VA loan.

You may be eligible for a VA loan if any one of these statements describes you:

• I served 181 days during peacetime. (Active Duty)
• I served 90 days during wartime. (Active Duty)
• I served 6 years in the Reserves or National Guard.
• I am the spouse of service member who was killed in the line of duty.
• I currently receive disability payments from the VA.

What is the VA Funding Fee and is it required?

Yes, it is required. It is a fee paid directly to the Department of Veteran's Affairs so that they can guarantee your loan and provide you with the opportunity to receive a loan with little to no money out of pocket.

Please contact us and we will help you to determine how what the exact cost of the VA Funding Fee would be for your particular situation.
 

Put You can apply by using our safe and secure online application and we will contact you or you can contact Jim Kreminski at 541-526-7210 email- jkreminski@gmail.com

Get Approved for a VA Home Loan Today