VA Home Loans

VA loans are a type of mortgage that is available to veterans, active-duty military members, and eligible surviving spouses. These loans are guaranteed by the Department of Veterans Affairs (VA), which means lenders are protected in case the borrower defaults on the loan. VA loans typically offer more favorable terms and interest rates than conventional loans and do not require a down payment.

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In addition, VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments. VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage. Overall, VA loans provide a valuable benefit to those who have served our country and can make it easier for them to achieve the dream of homeownership.

VA Loan Characteristics

1) VA loans are available to eligible veterans, active-duty military members, and eligible surviving spouses.

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2) These loans are guaranteed by the Department of Veterans Affairs, which means lenders are protected in case the borrower defaults on the loan

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3) VA loans do not require a down payment, which can make it easier for borrowers to purchase a home

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4) VA loans typically offer more favorable terms and interest rates compared to conventional loans

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5) VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments

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6) VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage

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7) VA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums

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8) VA loans allow for options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.

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5) VA loans do not require mortgage insurance, which can save borrowers money on their monthly payments

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6) VA loans have flexible credit requirements, which can help borrowers with less-than-perfect credit still qualify for a mortgage

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7) VA loans can be used to purchase a variety of property types, including single-family homes, multi-unit properties, and condominiums

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8) VA loans allow for options for refinancing, including streamline refinancing and cash-out refinancing, which can help borrowers lower their monthly mortgage payments or access equity in their home.

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See What Clients Are Saying!

"As a first time homebuyer, we had millions of questions, concerns, and tons of anxiety. Patrick was always there to answer any questions we had and was extremely patient with us throughout the entire process. Patrick responded very quickly to email, text messages, and voice mails. We always felt like we were the most important clients he had."
J.S.

Extremely helpful

"Me and my wife recommend Patrick Morales to everyone. He is an angel for us, he is extremely responsive, extremely satisfied. extremely well. We would rate him Five out of Five star. Patrick you are outstanding."
NJ

Fantastic experience!

"Patrick is so easy to work with - he’s helpful and readily available to answer questions and calm any fears associated with first-time home buying! I had a million questions - Patrick was extremely patient and never made me feel silly. I confidently recommend Patrick to anyone!" D.S.

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Texas Veteran’s Land Board Transaction

"Thanks Patrick for getting us set up with a loan with outstanding terms! I also really appreciated the easy online document fulfillment process. Will use again!"
K. S.

Excellent Broker!

"My experience with Patrick Morales was extremely positive. He, my realtor, and I were all on the same page through the whole process. Communication is key and we had it! I highly recommend him as a broker. I have already mentioned him to other family members and friends. The house buying ups and downs do not phase him. He keeps his clients informed and is willing to answer any and all questions you may have, day or night.

I am grateful for the team I had during my first home buying experience.

Thank you Patrick for all of your help!" N. G.

Wonderful Lender!!

"Went above and beyond to make sure I had as much information I needed to close on my home. Great job by Kevin and team to stay connected and provide timely communication to close early. Patrick truly cares about the individual and families and provided a great overall experience for one of the more stressful times in someone's life. Great job overall and thanks again for all your hard work and information that was super helpful." V. H.

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Licensed to Do Business | NMLS #904228

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | NEXA Mortgage LLC

Corporate | NMLS ID NMLS# 1660690

Corporate Address : 5559 S Sossaman Rd Building 1 #101, Mesa, AZ 85212