VA Loans

A VA Loan is designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA home loan is designed to support veterans, active service members, and eligible surviving spouses. Aside from the veteran's Certificate of Eligibility and the VA assigned appraisal, the application process is fairly similar to many other types of mortgage loans. Disabled Veterans and their surviving spouses are exempt from the funding fees while other qualifying borrowers can roll these fees into the loan.

The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.

Some Key Advantages of the VA Loan Include:

  • No downpayment when the sales price does not exceed the appraised value

  • The seller can pay closing costs

  • The typical interest rate can be lower than standard rates

  • Relaxed qualification standards

  • Refinance up to 90% of the home value

  • Roll funding fees into the loan amount

Get Pre-Approved for a VA Loan

If you are looking to buy a home in Idaho or Washington, contact Team Sabrina Homes Loans at (208) 277-8627 for more information or contact us here!

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Sabrina Nelke, Loan Officer, NMLS 1443529

Sabrina Nelke

sabrina.nelke@pmrloans.com

(208) 277-8627

Vanessa Y. Wirtanen

vanessa.wirtanen@pmrloans.com

(360) 296-4082

Liberty Lake Office

2310 N Molter, Ste 101

Liberty Lake, WA 99019

Coeur d'Alene Office

1450 Northwest Blvd, Ste 103

Coeur d'Alene, ID 83814

©2020 by Premier Mortgage Resources, LLC, NMLS# 1169. Equal Housing Lender. This material is not from HUD or FHA and has not been approved by HUD or any government agency. Credit on approval. Terms subject to change without notice. Not a commitment to lend. 

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