Tupelo VA Home Loans
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VA Loans in Tupelo, Mississippi
If you’ve served your country in the past, or are serving in the military right now, a VA Loan may be a good route to getting your dream home. Some spouses of service members may even qualify. A VA Loan from American Pacific Mortgage, Inc. offers benefits not available to many potential borrowers: no down payment with the possibility of 100% financing, no private insurance needed, and attractive interest rates. Backed by the U.S. Department of Veterans Affairs, VA Loans have been helping military families attain the goal of home ownership since the final days of World War Two.
If you’re looking for VA loan financing in greater Tupelo, MS give us a call to qualify at (205) 495-0313
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Why might you want to get a VA Loan?
- No down payment and 100% financing
- Credit requirements are more lenient that what you may find with conventional mortgages
- Not just a onetime deal — borrowers can use the program multiple times
- Debt-to-income ratios are more forgiving; in some cases, 50% or more is acceptable
- Closing costs could be more affordable than those with conventional mortgages; the VA regulates these costs
- Ability to select a single-family house, condo, prefabricated home, and possibly even new construction
- Some applicants can receive exemption from the funding fee
- Seller can pay closing costs, up to 4% of the loan amount
- Private mortgage insurance isn’t needed
- Comparatively high loan limits with the possibility of applying for a Jumbo Loan above the traditional conforming limit
- Refinancing to reduce monthly payments
- No purchase price limit
- Doesn’t come with income limits
Connect with us today to find out more about how a VA Loan program can assist you in any number of ways, from refinancing to purchasing residential properties in greater Tupelo Mississippi and more.