Capital Home Mortgage Tacoma

Tacoma VA Home Loans

VA Mortgage Lender Tacoma

VA Home Loans In Tacoma

What is a VA Home Loan?

A VA home loan is a benefit offered by the Department of Veterans Affairs that allows Veterans, Servicemembers, and qualifying surviving spouses to purchase a home with no money down. This benefit assists these persons in purchasing, constructing, repairing, retaining, or adapting a home for their own personal occupancy.

Private lenders, such as banks and mortgage companies, provide VA home loans. The VA backs or guarantees a portion of the loan, allowing the lender to offer the borrower better terms. No down payment (though some lenders may require this depending on the borrower’s circumstances), competitively low-interest rates, reduced closing expenses, and no requirement for Private Mortgage Insurance (PMI) are some terms that can be offered.

The VA home loan benefit is a lifetime benefit, meaning you can utilize it as often as you choose. Purchase Loans are one form of loan accessible under this benefit, and they can help you buy a home at a competitive interest rate, typically without requiring a down payment or private mortgage insurance.

What are the Advantages of a VA Loan?

VA home loans provide various benefits to eligible veterans, active-duty people, and certain surviving spouses looking to buy, build, adapt, or refinance a house in Tacoma, Washington. Among them are the following:

  • No Down Payment 

One of the notable benefits of a VA home loan is that there is no down payment required. This benefit is significant for home purchasers who may need help to save enough money for a conventional loan’s regular down payment requirement. At the same time, conventional loans may require a down payment of up to 20%, but VA home loans do not, allowing prospective homeowners to acquire a home without saving for years.

  • Lower Interest Rates

VA loans typically feature lower interest rates than other types of loans. This is because the VA guarantees a portion of each VA loan, giving lenders additional assurance and enabling them to charge lower interest rates.

  • No Private Mortgage Insurance

VA loans do not require mortgage insurance, unlike conventional loans, which require PMI when a loan exceeds 80% of the property’s value. This means that even if a buyer puts down a modest amount or nothing, they will not be required to pay PMI. This can reduce the monthly payment significantly.

  • Seller Concessions

The seller is permitted to contribute up to 4% of the home’s value toward the buyer’s closing costs, which could result in substantial savings for the buyer.

  • Additional State Benefits

In addition to federal VA loan benefits, the state of Washington provides additional benefits to military members, veterans, and their families. These include exemptions from property taxes, state employment preferences, and education and tuition support, while eligibility for some benefits may be contingent on residency, military component, and veteran disability status.

What are the Eligibility Requirements for a VA Loan?

The eligibility requirements for a VA home loan focus primarily on your service record, duty status, and the lender’s credit and income loan requirements.

  • Service Requirements

The fundamental requirement to qualify for a VA loan is military service. Active-duty service members must have served for at least 90 days. The minimum active-duty service requirement for veterans varies depending on when you served.

  • Service in the National Guard or Reserves

You served 90 days on active duty or six years in the Selected Reserve or National Guard.

  • Certificate of Eligibility (COE)

A Certificate of Eligibility (COE) is a document issued by the U.S. Department of Veterans Affairs (the VA) that tells your VA loan lender that you meet the standards to get a VA loan. In addition, it means your lender has everything they need to know about your rights and fees. Your entitlement is the total amount of your loan that the VA will back.

  • Discharge Status

You may be eligible for a Certificate of Eligibility (COE) if you didn’t receive a dishonorable discharge.

  • Primary Residence

The loan is intended for a primary residence, and you must move into your new home within a reasonable time limit, usually within 60 days of closing.

Apply for a VA Home Loan in Tacoma

Capital Home Mortgage is an outstanding option for Tacoma, VA home loan applicants. Capital Home Mortgage is well-known for offering various home loan options, which may include VA loans, giving consumers flexibility and tailored solutions. By selecting Capital Home Mortgage, homebuyers in Tacoma can take advantage of these benefits and receive guidance throughout the home-buying process, making homeownership more accessible and affordable.

Call (803) 600-0088 to speak with our Tacoma VA Home Loan Specialists.

Why Tacoma HomeBuyers are Choosing Capital Home Mortgage
Close On Time

Complete Control from Application to Funding

Low Rates & Low Fees

Direct Lender with Competitive Rates & Low Fees

Exceptional Service

7  Day a Week Support Application to Final Mortgage Payment

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

Tacoma VA Purchase Loans

VA Purchase Mortgage Lender
  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed
  • No Monthly Mortgage Insurance
  • Seller concessions to 4%
  • higher debt to income Allowed
  • Manufactured homes permitted

Tacoma VA Refinance

VA Refinance Mortgage Lender
  • VA IRRRL Rate & Term
  • Streamline Option
  • No Appraisal Required
  • No Income Verification

Tacoma VA Ellgibility

  • 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
Tacoma Mortgage Programs

Tacoma Home Purchase

Thinking of Buying an Tacoma Home?

Looking to Purchase a Home? We have the loan program for you… Call today to speak with a loan officer to discuss your personal mortgage options.

  • Primary, Secondary, Investment
  • FHA, VA, USDA, Native American
  • Conventional, Jumbo, Non QM
  • Reverse, Renovation, Manufactured

Tacoma renovation home loans

Looking to Rehab an Tacoma Home?

Want the Charm of an Older Neighborhood? But want a new place or a fresh look? Why not look at a renovation loan?  Purchase the Perfect Home and make it your own. Call today.

  • Remodel, Renovate or Repairs
  • FHA 203K Streamline or full
  • fannie mae homestyle reno
  • freddie mac home choice reno

Tacoma FHA Home Loans

Great for 1st Time Tacoma Homebuyers

FHA Home Loans are great for first time home buyers, buyers with less than perfect credit, or buyers needing less out of pocket.   Call today to get started.

  • Smaller Down Payment
  • Flexible Underwriting
  • Higher Debt to Income Ratios
  • Lower Credit Scores OK

Tacoma VA Home Loans

100% Financing for Tacoma Veterans

Proudly Serving Active Duty servicemen and women, as well as, retired and disabled veterans. Call today to speak with a VA loan officer.

  • Simply Qualifying for Veterans
  • No Down Payments Requirements
  • Lower Credit Scores Accepted
  • Manual Underwriting Allowed

Tacoma Conventional Home Loans

Flexibility for Tacoma Homebuyers

Conventional Home Loans are the best option for flexibility of property types and for mortgage loan terms. Call today to get speak to a Loan Officer.

  • Primary, 2nd Home, Investment
  • Great Rates & Low Fees 
  • Single Family and Multi-Family
  • Renovation Loan Programs

Tacoma Jumbo Home Loans

Tacoma Non Conforming Loans

Jumbo Home Loans also called Non Conforming Home Loans are great options for buyers needing financing outside of agency limits.  Call today to speak to a loan officer.

  • Primary Residence and 2nd Homes
  • Higher Loan Amounts – 3 Million
  • Great Interest Rates
  • Investor Specific Guidelines

Tacoma USDA Home Loans

100% Tacoma Rural Home Loans

USDA Loans are a great option for families wanting to live outside of the city.  Call today to speak with a loan officer to discuss your personal loan options.

  • Rural Properties Only
  • Primary Residence Only
  • Geographic Restrictions
  • Income REstrictions

Tacoma Native American Home Loans

Tacoma HUD 184 Home Loans

HUD 184 Home Loans are solely for Native American and offer a variety of benefits.  Call today to speak with a loan officer to find out more.

  • Primary Residence Only
  • Manual Underwriting for All Loans
  • No Credit Score Requirements
  • Tribal Grants Allowed

Tacoma Manufactured Home Loans

Great Alternative Tacoma Housing

Tacoma reverse mortgages

Your Tacoma Home at Work

Reverse Mortgage Loans offer seniors options to use their home’s equity for cash or to eliminate payments. Call today to get speak to a Reverse Loan Officer.

  • primary residence only
  • simple qualifying – equity based
  • credit scores not applicable
  • Minimum age 62

Tacoma Non QM Home Loans

Making Tacoma Mortgages Possible

Looking for Non Traditional Home Mortgage Loan?  Contact a Loan Officer Today to discuss the alternative mortgage options currently available.

  • Purchase, Rate and Term & Cash-out
  • Primary, Secondary and Investment
  • Full Doc & Bank Statements Programs
  • Corporations OK

Tacoma One Time Close mortgages

Build Your Tacoma Dream Home

Want to Build? But unsure of what the future looks like? Remove the risk with a One Time Close Construction Loan.  Call today to see how a OTC loan works.

  • Primary Residence Only
  • Close Once
  • Lock Rate at Contract
  • Traditional Final Mortgage

Tacoma Refinance Mortgage Loans

Tacoma Rate & Term Refinance

Refinancing can be a hard decision and the payback can sometimes be confusing.  Call today and let our Loan Officers walk you through the process.

  • Reduce Mortgage Term
  • Lower Monthly Payments
  • Appraisal Waivers
  • Streamline Options Available

Tacoma Cash-out Home mortgages

Tacoma Equity Mortgage Loans

Cash-Out Mortgage Loans make use of the equity in your home by allowing you to refinance the current mortgage and access this equity to use as you see fit.

  • Debt Consolidation
  • Investment Opportunities
  • Home Improvement
  • Vacation or Education

Tacoma Washington Mortgage Team

Dale Gremillion

Sr Loan Officer
NMLS #210325

Conor Hayhurst

Branch Manager
NMLS #743506

Sam Klaburner

Sr Loan Officer
NMLS #140132

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