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Laredo VA Home Loans

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Laredo VA Home Mortgage Lender

VA Home Loans In Laredo

The US government created the VA home loan program in 1944 to let returning service members purchase a home without a down payment or excellent credit. This prestigious program has helped veterans, active duty service members, and their families buy or refinance a home by guaranteeing more than 25 million VA loans.

Capital Home Mortgage offers VA loans to military personnel and veterans in Laredo. If you or your spouse are eligible for this loan, you will enjoy its specific features, such as flexible application procedures and advantageous mortgage terms.

The US Department of Veterans Affairs (VA) guarantees a percentage of qualified borrowers’ loans, allowing them to access up to 100 percent funding. Nevertheless, the department does not provide these loans. Only accredited private lenders in Laredo, such as Capital Home Mortgage, offer them.

VA Eligibility Requirements

To qualify for a VA loan, you or your spouse must meet the Department of Veterans Affairs (VA) minimum service criteria, possess a current Certificate of Eligibility (COE), and meet the lender’s credit and income requirements.

To qualify for a VA loan, you must satisfy at least one of the following criteria:

  • Minimum of 90 consecutive days of active duty during wartime. 
  • Minimum of 181 consecutive days of active duty during peacetime.
  • Served in the National Guard or Reserves for six years.
  • Your servicemember spouse perished in the course of duty.
  • You are the spouse of a veteran with a service-connected disability.

Your eligibility remains intact if you were released owing to the following:

  • Hardship, government convenience, or a need to reduce the number of active military troops.
  • A physical ailment or a handicap associated with military service.
  • An early release, having served at least 21 months of a two-year enlistment.

In addition to these benefits, you must also meet the lender’s additional requirements. There are no credit score requirements for VA loans, but most mortgage lenders need a minimum score to qualify for a VA home loan. However, the minimum credit score required to qualify for a VA loan is substantially lower than other loans, owing to the government guarantee.

Apply for a VA Home Loan in Laredo

A VA loan offers unique advantages to the families of active-duty military personnel and veterans. Its financing terms are generally more liberal and advantageous than competing house loan programs.

Are you qualified for a VA mortgage? Apply today to receive VA home loan benefits. Capital Home Mortgage is a direct lender and servicer of mortgages. Contact us at (956) 307-3422.

Why Laredo is Choosing Capital Home Mortgage...

Close On Time with True Approval

Control of the Loan from the Application to Funding.

Great Laredo Rates

Direct Mortgage Lender Providing Competitive Rates and Low Fees.

Laredo Customer Service

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

Laredo VA 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

Laredo 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

Laredo 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

Laredo VA Loan Information

Laredo VA Loan Requirements

  • 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

Laredo VA Funding Fee

  • 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 Home Loan Information

Laredo VA Loan Requirements

  • 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

Laredo VA Funding Fee

  • 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
Not Sure? Take a Look at Other Laredo Mortgage Programs

Laredo Mortgage Team

Conor Hayhurst

Manager
NMLS 743506

Damon Embler

Sr Loan Officer
NMLS 882260

chris erwin

Sr Loan Officer
NMLS 914064

Dale Gremillion

Manager
NMLS 210325

Laredo Mortgage Company Reviews

What is a Laredo 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.
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