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Purchase Calculators  |  Refinance Calculators  | Conventional Conforming Loans  |  FHA  |  VA

VA Loans

The VA Loans are an incredible benefit for those who have served our country. The VA allows the borrower financing at 100% of the purchase price of the home and allows the seller to pay all of the buyer's closing costs. When compared with Conventional Loans, a seller may also contribute to debt reduction on the borrowers behalf for qualifying.

VA Home Loans generally offer low interest rates, easier qualification standards, less strict credit and income standards and no prepayment penalities. There are additional benefits offered to disabled Veterans taking out a VA Home Loan. 

Unlike most conventional loans, poor credit will not exclude you from qualifying for a VA Home Loan. Although your credit history is a factor, it is not the only thing used to determine if you qualify for a VA Mortgage. 

Loan programs available for VA loans

  • Fixed rate mortgages (10, 15, 20, 25 & 30 year terms)
  • Adjustable rate mortgages (1 Year, 3 Year & 5 year terms)

Contact an On Q Financial today to find out if you qualify for a VA Loan.  Our experienced Mortgage Consultants can answer all your questions today.