Are you a veteran, active-duty member of our nation’s armed forces, or surviving spouse? Did you know your VA benefits may qualify you for an affordable mortgage with zero down and no PMI?
With a VA loan, you can move into a beautiful Bay Area home now without a hefty down payment—even if you do not have perfect credit.
A VA loan is a mortgage which the Department of Veterans Affairs (VA) has insured. This insurance helps to offset any risky factors in your borrowing profile, which in turn means you qualify for better loan terms.
Additionally, VA loans have a number of competitive features which keep financing as flexible and affordable as possible.
VA loans in Walnut Creek and the surrounding region come with these excellent benefits:
Zero down on your mortgage.
No private mortgage insurance (PMI) requirement.
Closing costs ranging from 0-3%.
Competitive interest rates.
Funding fee waived for qualifying disabled veterans.
No prepayment fees.
Flexible credit qualification requirements.
With a lower risk profile, you have more bargaining power. As such, you may have an easier time getting a VA loan structured to accommodate your needs than you would a conventional loan.
You can use a VA loan for:
The only way to know for sure if you are eligible for a VA loan is to take an in-depth look at your service record and the requirements for the period when you served. But there is a good chance you qualify if:
You are a veteran, are currently active-duty, or you are an eligible surviving spouse.
You have served in any core military branch, and/or were activated in the National Guard or Reserve.
You have fulfilled the required minimum service commitment for the era when you were active. While that requirement varies, it typically is around 181 days during peacetime or 90 days during wartime.
If you need help figuring out the service minimum which is applicable for the time during which you served, that is something we can assist you with during your consultation.
A: No. VA loan benefits never expire. You can still qualify for a VA mortgage.
A: No. You can take out unlimited VA loans over your lifetime.
A: Not if the minimum required wait time has passed.
A: Yes, if the required wait time has passed.
If you are excited to move into a Bay Area home with zero down, Mike and his team at Bridgepoint Funding are ready to help you find out if you qualify. Please call (925) 478-8630 to set up your consultation to apply now for a VA mortgage.
We are based in Walnut Creek CA, we serve customers in the San Francisco Bay Area. This includes Martinez, Concord, Pleasant Hill, Alamo, Danville, San Ramon, Orinda, Moraga, Lafayette and throughout California.
Bridgepoint Funding is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.