VA Loans. How do I qualify?
Superior Mortgage Lending is proud to serve those who have bravely served in the Armed Forces, allowing veteran borrowers to take advantage of their VA benefits. Nevada, Arizona & California VA Home Loans are the perfect program for anyone who has severed or is currently serving in the military. They were created to assist veterans and their family to be able to purchase a home easier. At Superior Mortgage Lending we are very experienced VA lender, and have helped many veterans in Las Vegas Nevada to purchase or refinance a home
VA Loans Highlights
No Down Payment Required
No Mortgage Insurance
Backed by the Department of Veterans Affairs, the VA Home Loan provides veterans and active duty service members with unique benefits and flexible eligibility requirements that they wouldn’t find with other conventional programs
How do I Apply for a VA Loan?
The first step to qualify for a VA Loan in Nevada you must apply for a Certificate of Eligibility (COE) by filling out a government form (VA Form 26-1880) which is a request for a certificate of eligibility for home loan benefits. Traditionally you present this form along with your military service documents to a VA center.
We can help you obtain your COE, as well as help you collect other documents required for the Nevada VA Loan Program. Veterans, active military personnel and military families can contact us directly to apply. Once we start the application and qualification process we can show you how to get into your home with no money down to qualify for a VA Loan
We have the Best Loan Programs in Las Vegas for VA Home Loans. Click on Purchase Assistant to get started.
VA Certificate of Eligibility:
What is a certificate of eligibility?
In order to qualify for a VA Home loan, Veterans and active duty service members must get your Certificate of Eligibility. The COE verifies to the lender that you have met, and are eligible for a VA Home Loan. The VA offers multiple options when obtaining your COE. Most lenders have access to the Web LGY system. This Internet-based application can establish eligibility and issue an online COE in a matter of seconds. One of our VA Loan Specialist can help you obtain a COE.
Basic Service Requirements
– At least 90 consecutive days on active duty during wartime
– At least 181 days of continuous active duty during peacetime
– Completed a total of 6 years in the Selected Reserves or National Guard
What are the Benefits of using a VA Loan?
VA Loans offer exceptional benefits for those who have served our county. The biggest advantage with VA loan is you can purchase a home with no money down. VA Loans have no monthly private mortgage insurance (PMI) resulting in a lower house payment for you. Down payment and monthly payment are often the biggest hurdle to home ownership. A VA Home Loan eliminates these obstacles. You may also refinance your VA Loan up to 150% of the property value
Many times the monthly payment with a VA Home Loan is less than your current rent! The VA Home Loan offers military members wishing to move to or needing to relocate to Nevada the perfect opportunity to do so for zero money down.
VA Refinance Loans
At Superior Mortgage Lending we take our VA borrowers to a new level with industry-leading government rates and pricing. VA IRRRL (Interest Rate Reduction Refinance Loan) allows VA borrowers to lower their current interest rate by refinancing an existing VA home loan. Obtaining a lower interest rate the mortgage monthly payment should decrease. ARM (Adjustable rate mortgage) is also an option when refinancing a VA Loan or purchasing a home.
Speak with a VA Loan Specialist
Our VA Loan Specialists are standing by to help guide you through the lending process and to answer any questions regarding loan qualification. If you’re a Las Vegas Veteran or are moving to Nevada, a VA Mortgage may be an excellent option to consider when pre-qualified for new home loan. Click on Purchase Assistant to get started
Nevada Military Bases
Hundreds of military families are required to relocate every year, and many desire to purchase a home in their new area to help start life anew. For military members needing to relocate to Nevada, there are three major military bases within the state they will most move near:
- Fallon Naval Air Station – Lahontan Valley
- Nellis Air Force Base – North Las Vegas
- Creech Air Force Base – Indian Springs
With Respect, Honor and Gratitude
Superior Mortgage Lending LLC – Nevada VA Home 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 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.
Apply now for a VA Loan with a VA Qualified Lender