Fairway is not affiliated with any government agencies. These materials are not from HUD or FHA and were not approved by HUD or a government agency.

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Whats true or false when it comes to affordable home financing with VA loans

If you’re a military Veteran, Active Duty, or National Guard, you may qualify for a VA loan. These mortgages often require little to no down payment with lower closing costs, which can help keep your savings secure. You’ve served your country, let us serve you and your family.

There is a lot of outdated mis information out there about VA loans, let us help clear them up. Here are some common myths and truths when it comes to the VA financing option.

FICTION: You can only use VA loan entitlement* one time.

FACT: You can use your VA entitlement multiple times and can even have more than one loan at a time, under certain conditions. There were a lot of changes to the VA loan program in 2020, read about them here.

FICTION: VA loans take too long, and take longer than other loan options.

FACT: Our team here at Fairway Independent Mortgage Corporation may be able to process and close your loan in as little as 21 business days. We have a great track record, put us to work for you now!

FICTION: You can’t get a VA loan when deployed overseas.

FACT: If your spouse occupies the home, you may purchase a primary residence while still serving overseas. Also, there may be additional situations where you may qualify, contact a loan officer today for the most up to date information.

Ready to buy? Make your BAH work for you

Make your Basic Allowance for Housing (BAH) work for you by creating equity and potentially provided tax* advantages. If you’ve ever considered owning a home, a VA home loan may be the perfect option for you. Below are a few details about this home loan option.

  • 100% financing with full VA entitlement**
  • Limited closing costs
  • VA financing fees that can be rolled into the loan amount
  • Fixed and Adjustable rate loan terms
  • A variety of eligible property types, including townhomes and VA-approved condos.

Contact us today to apply!

*A down payment is required if the borrower does not have full VA entitlement or when the loan amount exceeds the VA county limits. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit guidelines, and property limits. Fairway is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.

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