You’ve Served Your Country
VA Loans are a benefit that you have earned.
Let us help you with the financing that you have earned a right to have.
VA Loan Types
We fund the following types of VA mortgage Loans:
- VA purchase loans– Up to 100% LTV of the purchase price
- Refinance VA Loans – Lower your existing VA loans interest rate. – You can refinance up to 100% of the value of your home.
- VA IRRL (VA Streamline Refinance loan) – No appraisal required – Lower your existing VA loans interest rate.
- VA Cash Out loans – Up to 100% of the value of your home
Who Qualifies for a VA Loan
- Veterans, member of the military, or a surviving spouse of a veteran?
- Do you want fast approval and minimal red tape?
- National Guard Members (minimum of 6 years of service)
If you answered “yes” to any of these questions, a VA loan might be right for you!
VA Loan Features
- 30 and 15 year terms available, both with fixed rates
- Jumbo VA loans available up to $1,094,625 ($1,500,000 in Alaska and Hawaii) and up to $325,000 cash-out on a refinance
- Refinance up to 100% of your primary home’s value with VA loans
- Buy a home with no money down (primary home)
- No monthly PMI with a VA loan
- VA loans are governed by the U.S. Department of Veterans Affairs
How VA Loans Work
- Monthly payments on VA loans are based on interest rate, principal loan amount, and amortized interest over 30 or 15 years
- Your payment will not change throughout the life of the loan
- Your actual payment will vary based on your situation and the current interest rates when you apply
- Pay your mortgage at any time without pre-payment penalties
VA loans provide fixed rate loans with competitive interest rates. Available Terms are 15 or 30-year terms.
Qualification for a VA loan is easier, even if you have dinged up, less-than-perfect credit.
No PMI with VA Loans
- There’s never a monthly insurance (no PMI) with VA loans
VA Credit Score Requirements
- Credit scores as low as 580 qualify for VA loans
Miracles Happen specialize in Va loans for veterans and military personal.