Guaranteed by the U.S. Department of Veteran Affairs, the VA loan program is designed to assist both current active duty military members and veterans achieve homeownership. Eligible borrowers for this program are allowed to borrow at a higher percentage of the home value and the loan is guaranteed by the government against default.
Active members of the military, veterans, and members of the National Guard are qualified to apply for VA loans. Spouses of service-connected disability or deceased military members may also apply for these types of loans.
There is no minimum down payment required and no monthly mortgage insurance payments. The minimum credit score required is as low as 500.
Keep in mind, when choosing to take out a VA loan, a one-time Funding Fee will still be required. The amount depends upon the amount of downpayment, type of loan, and use of the loan. Even though VA loans generally have lesser costs than other types of loans, it is still good to keep this one-time fee in mind.
For further queries, please Contact CostPro Lending Team today and find out if you qualify for a VA loan!
On a VA 30-Year fixed-rate purchase with a loan amount of $145,000.00 (at 100% LTV with zero down from borrower), at an interest rate 3.74% with $1,625.45 discount points (Annual Percentage Rate – 3.9153%), you will be required to make 360 equal monthly payment of $670.70 (which includes principal and interest only, so your actual payment, including taxes, insurance, and other property charges, will be higher).
We recently had the distinct honor and pleasure to work with Mike Zamani (of CostPro) to refinance our home mortgage.
Mike made our journey through today’s finance world a smooth process and actually somewhat easy. He was always available to answer questions, offer explanations promptly, patiently, and competently. Mike’s communication style and even his voice, which is crisp, succinct, yet calming helped us feel we were in very good hands.
Beyond Mike himself, his team were also very efficient, competent, and worked with us to assure things happened smoothly.
We highly recommend Mike Zamani! A gentleman and scholar indeed, with a great personality to boot!
Thanks again Mike!
It’s the day after I closed on my Re-Fi and I still can’t believe it! I was contacted by a bank and after looking at my file, they said I needed to get a co-signer! I forgot about doing it until I got a call from Tony. He looked everything over and thought it was doable. They put Tony through the wringer. No matter what we gave them, they wanted more. Finally, they ran out of things to ask us and said YES! If anyone but Tony had called me I would not of had the same result. I will be forever grateful!!Liz S.
To whom it may concern,
this is to confirm that Brian Mays, Lee Garoutte, and their team are some of the most dedicated people to work with, they went out of the way and bent over backwards to make sure that my loan went through. They went over and above to get the task completed. I highly recommend Brian, Lee, their team to anyone who is trying to get their loan approved.
Dear Tony Christensen, I just wanted to say thank you for all your help refinancing my home, you were very helpful and explained every detail so that I could understand every step we were doing. Thank you very much for all your help and I am very happy that I chose to refinance with you. I will recommend you to any of my friends that want to refinance. Thank you again for all your help, You Were Great!!!!Ofelia L.
I am very glad to say, when I called Costpro and Michael answered my call. Great personality and experience working with him. I totally recommend working with him.Sia
Mike Z at Costpro Lending was a pleasure to work with. We called him on a few issues we wanted answers to and would always get back to us in a timely manner. A couple times we wondered how thing were progressing through the holiday and the next day we received an update from him. Great customer service. We would definitely recommend. Thank you Mike Z…:)Betty Chow