VA Loan Experts
At Excel Mortgage Network, we’re proud to be “The VA Loan Experts,” helping veterans achieve their dream of homeownership with ease.
What is a VA Loan?
A VA loan is a mortgage option guaranteed by the U.S. Department of Veterans Affairs (VA) and offered to eligible veterans by approved lenders. The VA guarantee protects lenders, allowing veterans to enjoy incredible benefits, like:
- No down payment required in most cases.
- No closing costs for many buyers.
Ready to learn how you can benefit? Contact us today!
Top Benefits of a VA Loan
Low or Comparable Closing Costs
VA loans often have closing costs that are similar to or lower than other loan types.
No Private Mortgage Insurance (PMI)
Unlike many other loan options, VA loans don’t require PMI, saving you money.
Prepayment Without Penalty
You can pay off your loan early without any penalties.
Loan Assumption
VA loans are assumable, meaning the buyer can take over your loan when you sell your home.
Financial Counseling Assistance
If you face financial difficulties, the VA provides counseling and support to help you avoid default.
Understanding the VA Funding Fee
While there’s no mortgage insurance, the VA does charge a funding fee to guarantee the loan. This fee can be paid upfront by the buyer or seller, or rolled into the loan amount.
Flexible Uses for a VA Loan
A VA loan isn’t just for buying a home—it can also be used to:
- Build a home.
- Improve a home with energy-efficient upgrades, like solar panels, insulation, or upgraded heating and cooling systems.
We’re Here to Help
We work with some of the best VA-specialized Realtors in the Tampa Bay area. Let us connect you with one to ensure the best deal for your new home.
Contact us today to learn more or get started on your VA loan journey!