VA Loans in Jeffersonville, IN

VA loans offer 100% financing to help Servicemembers, Veterans, and eligible surviving spouses become homeowners. 

It’s part of the government’s mission to provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home. 

Our team can help you navigate a VA home improvement loan, a cash out refinance VA loan, or just discuss the current VA home loan rates. If you are interested is high level information about qualifications for a VA loan or general information about a VA loan, then you’ve come to the correct lender!

Other benefits of a VA loan include:

• No down payment required
• Competitively low intertest rates
• Closing costs are comparable and sometimes lower – than other financing types
• No private mortgage insurance 
• Right to prepay loan without penalties
• The Mortgage can be taken over (or assumed) by the buyer when a home is sold.
• Lifetime benefit: you can use the guaranty multiple times

Although mortgage insurance is not required, the VA charges a funding fee to safeguard against a default on the loan. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.

VA Home Loan Guaranty Buyer’s Guide can be found here. 

VA loans are the most forgiving when it comes to bankruptcy, short sale, or foreclosure.  We work with those who have filed Chapter 13 and you’d be pleased to hear that a new home can happen in as little as one year after the bankruptcy. There is a two year wait with Chapter 7 bankruptcy, foreclosure, or short sale, which still isn’t too long to wait for the new home of your dreams! Give us a call when you are ready to discuss what is needed to get into your next home.

• Chapter 13 = 1 year
• Chapter 7 = 2 years
• Foreclosure = 2 years
• Short sale = 2 years

Is a VA loan the right loan for you!?! Give us a call at 812-941-0926 and we can discuss with you.