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VA Mortgage Loan
Eligible servicemembers and veterans can take benefit of a few of the many VA mortgage loan advantages such as for instance:
No deposit on house purchase loans reduced rates of interest No monthly home loan insurance coverage premiums help in keeping your monthly obligations low
Today’s VA Residence Loan Rates
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For an interest rate quote, please phone a PennyMac Loan Officer at (866) 549-3583.
What exactly is a VA Mortgage?
For U.S. Servicemembers and veterans, it could often be hard to establish the known amount of credit essential to be eligible for a mortgage. The Department of Veterans Affairs established the VA Home Loan, which guarantees a portion of the loan and enables us to provide you with more favorable loan terms to make homeownership more attainable for servicemembers and veterans. This guarantee permits loan providers like PennyMac to supply mortgage loans to servicemembers and veterans whom may otherwise never be in a position to qualify for a traditional loan. Up to now, the VA mortgage loan system has assisted over 20 million servicemembers and veterans obtain a true home, since WWII. Continue reading