Home Loans Arizona - California - Nevada - Utah

A VA loan in Lake Havasu City, Arizona is a mortgage that's guaranteed by the U.S. Department of Veterans Affairs. Though the money you borrow to finance your home will come from a private lender, the Department of Veterans Affairs will step in and back that loan to make it easier for you to qualify.


Once you're deemed eligible for a VA home loan, you'll receive what's called your "entitlement," or the amount the Department of Veteran Affairs will guarantee on your loan in the event you go into default. However, your lender may be willing to let you borrow more than the guaranteed amount, and you'll often get to borrow four times your entitlement.


What are the benefits of VA purchase home loan program in Lake Havasu City, Arizona?


  • Zero Down VA Home Loans
  • No VA Loan Funding Fee For Certain Qualifying Service Members
  • Lower Costs
  • No Private Mortgage Insurance
  • VA Loans Are Flexible


Can I get qualified for a VA purchase home loan program in Lake Havasu City, Arizona?


You are likely eligible for a VA mortgage if:


You’re an active-duty military member or veteran who meets length-of-service requirements.


You're the surviving spouse of a service member who died while on active duty or from a service-connected disability and you have not remarried or remarried after age 57 or Dec. 16, 2003. Spouses of prisoners of war or service members missing in action are also eligible.


You meet the lender’s requirements for credit and income. The VA doesn't set a minimum credit score for VA loans, but lenders can set their own minimum standards. The lender will also consider your income and debts to evaluate your ability to repay the mortgage.


The property you want to buy meets safety standards and building codes and will be your primary residence.


To show that you meet the military service or surviving spouse requirements, you'll need to get a VA certificate of eligibility before the loan closes. You can ask a VA-approved lender to obtain the document for you or request the certificate through the VA.


To get qualified please call Nathan Rufty at (623) 850-1210.

Posted by Nathan Rufty on August 26th, 2020 10:26 AM



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