New Jersey VA Mortgage Loan
The New Jersey VA loan is for current or past military service men and women. It is a loan that the Federal Government partially guarantees to the lender. There are many benefits exclusive the New Jersey VA mortgage program alone.
Some of the top benefits of the New Jersey VA Loan are:
- 100% financing of the NJ purchase price
- No mortgage insurance required
- Seller concessions are allowed for certain closing costs
- Flexible credit and underwriting guidelines for military personnel
- Low 30 year fixed interest rates
- Cash-out to 100% Loan to Value
There are very few programs left that provide 100% financing on the purchase of a home in today's market. The New Jersey VA loan allows the home buyer to keep their precious savings money where it belongs, in their own pockets. The fact that the New Jersey VA loan also has no mortgage insurance further saves the home buyer thousands of dollars over the life of the New Jersey VA loan.
If you are an active or previously active military officer looking to purchase a home, we highly suggest you fill out the online application form so that one of our New Jersey VA mortgage professionals can follow up with you as soon as possible to get you pre-qualified.