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Beaumont VA Home Loans

Members of the military and veterans in Beaumont can get a home loan through the VA loan program. This particular loan program is unique and has requirements that aren’t present in any conforming loan. However, not all military service personnel or veterans can immediately get a VA loan. There are service requirements to check as a primary eligibility requirement.

Get a VA loan in Beaumont from Capital Home Mortgage. We offer VA loans to veterans and current service members, including their spouses. Please speak to our VA mortgage loan officers in Beaumont to learn more about the details and benefits of VA loans.

VA Eligibility Requirements

As mentioned earlier, the service member or veteran’s service eligibility is essential. To be eligible for a VA loan, the service member or veteran must have met any of the following:

  • 90 days of consecutive active service during wartime
  • 181 days of active service during peacetime
  • Six years of service in the National Guard or Reserves

Spouses can qualify if their military spouse died in the line of duty or was discharged due to a service-related disability. Suppose you didn’t meet any of the requirements above. In that case, you are still eligible if you were discharged for hardship, convenience of the government, reduction in force, or opted for an early-out with at least 21 months of service in a two-year enlistment.

If you have questions about the requirements, please speak directly to our mortgage specialists to learn more about the complete list of service eligibility.

Certificate of Eligibility

Beaumont VA eligibility requirements are documented through a certificate of eligibility. This document serves as proof of service and compliance with your military branch. It will usually take four to six weeks before you receive this certificate. It’s best to ask ahead of time before you apply for a VA loan.

What Do You Get From VA Loans?

Members of the military and veterans enjoy zero down payment on VA loans. This option can help families of veterans who want to buy a home but can’t afford a large down payment. Besides down payments, VA loans also don’t require private mortgage insurance. FHA loans require mortgage insurance if the down payment is not at least 20% of the value. With VA loans, you can save money since you don’t have to pay additional insurance premiums.

Another one of the Beaumont VA loan benefits is the liberal credit requirements. The VA doesn’t set credit score requirements for VA loans. Technically, there’s no requirement. However, lenders may still ask for a credit score. Most lenders can give VA loans to borrowers with low credit scores. If you have a good credit score (at least 620), you need not worry.

Apply for a Beaumont VA Loan

Do you qualify for a VA home loan in Beaumont? Capital Home Mortgage is your trusted mortgage lender. We help you get the home financing you need. Our direct mortgage lending process enables us to assist you directly throughout the loan application process. 

Get a free quote now by calling (409) 242-5530.

Ready to get started?  Call now, and one of our VA mortgage professionals will answer your questions and walk you through the application and pre-approval.  Thank you for allowing us the opportunity to provide your VA home financing needs.

Why People Are Choosing Capital Home Mortgage
Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Rates / Low Fees

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Exceptional Customer Service

7  Day a Week Support from Application to Final Mortgage Payment. 

Capital Home Mortgage Rates

Have you ever wondered why interests rates are what they are and what determines the final rate?  Why borrowers receive different interest rates? Or why rates go up and down?  Interest Rates are calculated using several factors.

  • Demand for the mortgage Securities
  • Property securing the mortgage
  • occupancy of the property
  • Loan to value of the property
  • Borrower’s credit worthiness

VA Purchase Loan

  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted
VA Purchase Home Lender
  • No Down Payment / No Loan Limits
  • No Monthly Mortgage Insurance
  • Simple Qualifying
  • Flexible Underwriting
  • Seller Paid Closing Costs up to 4%
  • Higher Debt to Income  Allowed
  • Alternate Credit Allowed
  • Manufactured Housing Permitted

VA Refinance Loan

  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required
VA Interest Rate Reduction Refinance Lender
  • Streamline Option
    • VA IRRRL Rate and Term
    • No Appraisal Required
    • No Income Verification Required
  • Full Documentation
    • Cash-Out or Loan Conversion
    • Appraisal Required
    • Income Verification Required

VA Loan Information

VA Loan Requirements

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability

VA Funding Fee

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
VA Home Loan Information

VA Loan Requirements

  • VA Purchases – First Use
    • 0% to 5% Down Funding Fee 2.3%
    • 5% or Higher Down Payment Funding Fee 1.65%
    • Subsequent Uses Funding Fee 3.6%
  • VA Cash-Out Refinances or  VA Refinance Conversions
    • First Use 2.3%
    • Subsequent Uses 3.6%
    • VA IRRL Refinance 0.5%
  • No Funding Fee with 10% or Higher Disability

VA Funding Fee

  • Active Duty – 90 days Wartime / 180 Days Peacetime
  • Honorable Discharged – 22 Months of Completed Service
  • National Guard / Reserves – 6 Years Completed Service
  • Spouse of a Service Member who Died in the line of Duty or Service related Disability
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What is a VA Home Loan?
VA Home Loans are for active duty service members, active reservists, honorably discharged service members, as well as retired and disabled service members.VA stands for “Veterans Administration”, which oversees all Veteran benefits including home loans. Established in 1944 and part of the GI Bill or Rights, VA set out to help men and women who served their country catch up to their civilian counterparts by establishing credit and building financial wealth. It’s important to understand that VA does not lend money, VA instead provides lenders a guarantee that covers the lender from loss in the event of foreclosures.  In simple terms VA insures a portion of the loan that the buyer  would have normally had to put down to qualify allowing for a zero down payment. VA loans require an upfront mortgage insurance fee, which can be financed into the loan, from each borrower.  This fee supports the guarantee fund and makes the 100% VA home loan possible.  Veterans with a minimum of 10% disability are exempt from the funding fee.