Jumbo Loans Now Available for Military Veterans

    VA loans are great options for military members. They don’t require a down payment or mortgage insurance.

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    We’re excited to be joined this time by one of our preferred lenders, Teresa Hagood of First Bank Mortgage. We’re going to be talking a little bit about VA loans and all the benefits they offer to those who qualify for them.

    A VA conforming loan will lend you up to $424,100 for a home purchase if you qualify. The best part about this loan is that there is no down payment required. There are actually a lot of people around here who can qualify for this loan but have no idea it exists.

    If you’re looking to buy a home with a VA loan that costs more than $424,100, you also may be able to qualify for a jumbo VA loan. The jumbo loan will cover you up to $1.5 million, but there is a down payment required. It’s typically around 5% of the purchase price. You’ll also need a minimum credit score of 620 to qualify for this loan.

     

     

    Finally, VA loans don’t require you to pay any mortgage insurance. There is a funding fee, but it’s waived for disabled veterans.

    If you’ve got any questions about VA loans or you’re curious whether you can qualify for one or not, give Teresa a call at (256)-227-7727 or visit her website, www.loansbyteresa.com.

    If you have any other real estate questions or needs, we are always here to assist you. Just give us a call or send us an email today.

     


     

     

    This Week’s Closings:

    • Mr. Justin Dixson
    • Ms. Kimberly Vaughn
    • Mr. and Mrs. Adam Baugh
    • Mr. Jim Reece
    • Mr. Patrick Newman
    • Mr. Nicholas Juergens
    • Ms. Kemba Chambers
    • Mr. and Mrs. Kyle Curtis
    • Mr. and Mrs. Jeffery Buck
    • Mr. James Randall Wiggins
    • Mr. and Mrs. Tracy Marion
    • Mr. Michael Dalida
    • Ms. Theresa Dalida
    • Mr. and Mrs. Joseph R. Clark
    • Mr. and Mrs. Chance Mitchell
    • Mr. and Mrs. James R. Garrison
    • Ms. Laura Ernzen
    • Mr. Bruce Jones Sr.
    • Mr. Bruce Jones Jr.
    • Mr. and Mrs. Paul Treece
    • Mr. and Mrs. David Johnson
    • Mr. Phillip Patterson
    • Mr. and Mrs. Larry D. West
    • Mr. James R. Pryor
    • Mr. and Mrs. Jonathan Whitten
    • Estate of Phillip E. Ragan
    • Ms. Brianna Graus
    • Mr. Matthew Myers
    • Ms. Melanie McGilton
    • Mr. and Mrs. Timothy Jackson

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