The VA mortgage is tailored exclusively for our nation’s heroes and their spouses. Whether you’re an active-duty service member or a veteran, DSLD Mortgage is here to guide you through the VA Loan application process and ensure you reap the full benefits of this special mortgage offer for veterans.
Our expertise in the VA mortgage landscape can help ensure you get the best options tailored to your needs. From understanding the nuances of the VA funding fee to leveraging the competitive interest rates, we’re here every step of the way. And getting a VA Loan means you get these excellent benefits:
Your Go-To VA
Mortgage
Resources Hub
Estimate your loan with our mortgage calculators.
Check todays mortgage rates.
Check out our guide to VA loans for active duty military.
See first-hand how we’ve helped make homeownership dreams come true for people just like you.
“Dana was absolutely amazing! Extremely helpful, easy to work with and above all just a great person!”
“Dana and her team were so easy to work with. Any time I had a question they answered it in a timely fashion. They made the loan process stress-free and fast.”
“Dana was great and so helpful! We could not have asked for a better experience. Definitely recommend!”
“We had a wonderful experience, and we had the best assistance. Dana helped with processing very promptly. Dana and her team were in constant communication about what we needed to do and answered all of our questions. Very pleased with our experience!”
“Dana was absolutely amazing to work with. I never knew a lender could really work for you and help you out, but Dana proved me wrong! Not only did she beat competitors, but she showed us all the options regarding mortgage type, buying points, how much to put down, PMI, etc. She is so knowledgeable and really wants to make sure you are happy and comfortable with your mortgage. The absolute best lender around. 10/10 recommend!”
“I had a wonderful experience with Dana Scharwath. The closing cost was perfect. The home is beautiful and in a great area. It’s not my first home, but it’s my first new home built from the ground up in a timely manner.”
A VA Loan is a mortgage backed by the US Department of Veterans Affairs. It helps veterans, active-duty service members, and their families buy homes with great benefits such as no down payment and no mortgage insurance.
You may qualify for a VA Loan if you meet service requirements. Generally, this includes active-duty service for specified periods, veteran status with qualifying service, service in the National Guard or Reserves for a qualifying period, or being the spouse of a service member who died in the line of duty or due to a service-related disability.
The VA funding fee is a one-time payment you make directly to the US Department of Veterans Affairs on a VA-backed or VA-direct home loan. This fee is designed to reduce the loan’s cost, considering that VA mortgage loans don’t require a down payment or private mortgage insurance.
The amount of the funding fee can vary based on factors like your military service type and whether you’ve used the benefit to apply for a VA home loan before. It’s essential to note that some veterans, such as those with service-related disabilities, may be exempt from paying this fee.
One of the main requirements to make a VA Loan application is the Certificate of Eligibility (COE). This certificate proves you meet the necessary service requirements to qualify for a VA mortgage loan. The first step is to gather all of your documents and information. A full list of what you need is available on the USDVA website, and the documentation you need to provide will depend on your service.
Alongside your COE, requirements include satisfactory credit and income, and the home must be your primary residence.
Yes, if you have an existing VA mortgage, you can refinance it through the VA’s Interest Rate Reduction Refinance Loan (IRRRL) program. This program, often referred to as VA Streamline Refinance, allows veterans to take advantage of lower interest rates.
The process is typically faster and requires less paperwork than a standard refinancing process. If you’re looking to refinance a non-VA Loan into a VA Loan, you can use the VA’s cash-out refinance loan as an alternative option. This allows veterans to refinance their Conventional or FHA Loan into a VA mortgage, potentially benefiting from the VA’s favorable terms.
No, one of the advantages of specially designed home loans for veterans is the absence of prepayment penalties, meaning if you can pay off your VA Loan earlier than your agreed term, you won’t face any additional charges or fees. That provides a lot of flexibility for veterans, allowing them to manage their mortgage in a way that best suits their financial situation.
Sign up to receive the latest news and exclusive offers
