Capital Home Mortgage Laredo
Laredo VA Home Loans
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
- 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
- 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
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
