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Dallas VA Home Loans and Refinancing
Dallas VA Home Loans
As a potential Dallas home buyer, one of the first things you need to do is to find a low cost, reliable mortgage. If you qualify, Dallas VA home loans can be one of the most lucrative of all types of mortgage loans. These home loans are provided through the U.S. Department of Veterans Affairs. They are financially backed by this department. As a result, you may qualify for substantial benefits. Because these are federally backed loans, lenders are less worried about the risk associated with the purchase and can offer significant benefits to home buyers as a result of the lower risk. Obtaining VA mortgages in Dallas, TX is not hard to do if you meet the specific requirements for this type of home financing.
To qualify for a Dallas VA home loan, you will need to have served in the U.S. Armed Forces. You can serve in any division that is recognized by the government. You will need to meet specific requirements, though. Specifically, you need to have served enough time in the Armed Forces. The amount of time depends on a number of factors including the length of time you were active or reserved duty, whether it was peace of war time, and the way in which you were discharged (if you are no longer active.) If you meet these specific requirements, then you may achieve numerous benefits.
VA Home Loans
- Low Rates
- 100% Loan to $417K
- Small Down Payment above $417K
- Jumbo VA Loans to $700K
- TX VET Program Available
- Easier Qualifying
- Alternate Credit OK
- 4% Seller Concessions
- No Prepayment Penalties
- Funding Fee can be Financed
- Manufactured Housing OK (subject to restrictions)
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Requirements for VA Mortgage Loans
Dallas VA home loans are easier to qualify for, alternative credit is generally okay, and you do not need a down payment on traditional sized loans. You can obtain a small down payment jumbo loan for homes valued at $417,000 or a larger down payment requirement for homes valued at $700,000 or more. In addition these loans do not have prepayment penalties. The funding fee can be financed and seller concessions are topped at 4 percent of the home’s sale price. You may be able to use them for manufactured housing, too. As one of the most affordable options, Veterans should always consider applying for VA mortgages in Dallas. Work with our VA mortgage lender Dallas specialist to find out if you qualify and just how affordable these mortgages can be.
Dallas VA Mortgage Video
Dallas VA Mortgage Lenders
Russell Stout NMLS#4567432Dallas, TX Branch Manager
Russell is a University of Texas finance graduate and has been helping people with their mortgages for more than a decade. Let Russell and his team help you with your next home loan or mortgage refinance and learn why more Texans are choosing Lone Star Financing!