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VA Home Loan

Are you are a veteran, member of the military or military spouse? You may qualify for a VA loan.  VA Loans offer flexible options as either fixed-rate or ARM mortgages.  You may qualify for fast approval and a hassle-free loan even with less than perfect credit.  Refinance up to 100% of your home or buy a new home with no down payment and never pay monthly insurance (PMI)!

VA Loan Highlights

  • Many different fixed-rate and adjustable rate loans available
  • Jumbo VA loans available
  • Finance up to 100% of your primary home’s value
  • VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans
  • Buy a home with no money down (primary home)
  • No monthly PMI (Private Mortgage Insurance)
  • VA loans are governed by the U.S. Department of Veterans Affairs and offered through private mortgage lenders like Magnolia Bank

How VA Home Loans Work

  • Fixed rate monthly payments are based on interest rate, principal loan amount and amortized interest over a fixed number of years. Your payment will not change throughout the life of the loan
  • ARM interest rates are set for a period of 5 years. After the first 5 years, your interest rate can adjust up or down depending on the market
  • Pay your mortgage at any time without pre-payment penalties

Got questions?  Give us a call!  One of our mortgage specialists would be happy to answer all of your questions and get you started with a great low rate today!

Working with Magnolia Bank

  • We put YOU first.
  • Magnolia Bank offers some of the most competitive rates in the Nation!
  • Fast and efficient, we close most of our loans in 30 days or less.
  • We offer a variety of loans. Magnolia Bank will find you the loan that is right for you!!!

 

*Not all applicants will qualify

**Magnolia Bank is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or the Federal Government.

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