Veterans Affairs (VA) loans are loans provided to active-duty military and veterans. These loans are guaranteed by the U.S. Department of Veteran Affairs. For those who qualify, VA loans are usually easier to obtain than conventional loans.
Active members of the military, veterans, and members of the National Guard qualify for VA loans. And, granted they do not remarry, spouses of deceased military members or veterans are also eligible for these types of loans, if the deceased spouse died while on active duty. There is no minimum credit score required to be eligible for a VA loan from the government, although some lenders may enforce one.
One benefit qualifying personnel receive when taking out a VA loan is the absence of a required down payment. While many other loans for Scottsdale homeowners require a certain amount of money set aside for a down payment, VA loans don’t require a down payment or even mortgage insurance.
Another benefit of taking out a VA loan is the assistance offered to those struggling to pay back the mortgage on their Scottsdale home. The VA as an organization will step in and negotiate with a lender when the borrower is having trouble paying the loan payments.
Keep in mind, when choosing to take out a VA loan a one-time fee will still be required, the amount dependent upon the size of the loan and the type of veteran applying. Even though VA loans generally carry less costs than other types of loans, it is still good to keep this one-time fee in mind.
For further queries, please Contact Wohland Mortgage Team today and find out if you qualify for a VA loan for your Scottsdale home!
Sean Wohland and Daydra Crampton were absolutely excellent to work with! They managed to get us to close within a month. Both Sean and Daydra were incredibly attentive and quick. If they get to read this, thank you so much!!Mr. Eischens
Sean is the best. Staff is excellent and personable. No issues.Ms. Thalasitis
Sean and Daydra made our process extremely easy and seamless. We appreciate all of their help and efforts! Thank you!Eade Family
Sean and his team were fantastic! The process was easy, quick, and smooth. I’ll continue recommending Sean to all our family and friends. Daydra took great care of us as we submitted paperwork and asked questions. She responded quickly and you could tell she really cared about us through the process. Sean and his team did a great job! The process was smooth, easy, and fast. I’d recommend this team to anyone looking to purchase or refinance a home. Thanks Sean and Daydra!!!Cash Family
You are the best, and have set the highest customer service bar in the industry. I love it!!! Thanks to you and your whole team!King Family
I just wanted to take a minute to compliment your team. Andrea is always very pleasant and helpful when I call. Daydra is also very nice and has gone above and beyond with after hours follow up. It’s nice to find a business that stills goes the extra mile for their clients and associates.Mr. Chappel
Extremely pleased with the overall professionalism and experience of the loan process. I am now a raving fan of Sean, his team members and Home Point Financial. 2 Thumbs Up!!Mr. Romaguera
This process has been amazing. I was nervous because they switched to me after working with another agent and lenders don’t always take care of the new guys. You guys have been great though. I really appreciate it and I’m very impressed.Kara Gaut
Sean was always available to answer questions or concerns we had. Another “great help” was Alexa Johnson, loan assistant to Sean. This young lady was incredible in keeping us posted and moving the loan rapidly along. She was the most help of all. I would recommend these two to others. The greatest help was Alexa Johnson, in California. Alexa was the hub of the wheel and we cannot say enough about how helpful she was. This loan closed early, because in great part to Alexa. She kept things moving forward and got my concerns or questions answered quickly. This experience, by far, was the best, most convenient and quickest of all the times we’ve financed a home. I would highly recommend Home Point. Particularly, Sean Wohland.Hunt Family
This is about the sixth or seventh loan Sean has done for me personally. He is very professional and I completely trust his advice and expertise. Since I am a Realtor as well, I also highly recommend him to my clients. Sean and his team are great and I am completely satisfied with my experience!McElmell Family