VA Loan

About VA Loans

A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA) that is available to most U.S. service members. VA loans offer a loan guaranty benefit to help eligible veteran borrowers refinance or buy a home. VA loans do not require any monthly mortgage insurance included in the loan amount, and a Veteran borrower could purchase a home without putting any money down.

It is important to us that Veterans are able to use the benefits they’ve earned through their service and sacrifice. That is why the Rebecca Foote Mortgage Team proudly offers mortgage loan products for active-duty military and Veterans in Pennsylvania and Maryland.

Features of This Loan

• No down payment required
• Down payment and closing and prepaid costs may be paid funded by a gift from a relative or a qualified non-profit grant
• No monthly private mortgage insurance (PMI)
• Flexible income guidelines
• Disabled Veterans may be partially or fully exempt from the VA Funding Fee
• May qualify for a streamlined refinance with no appraisal required and a lower funding fee

Consideration Points for Borrowers

• Eligible military members or Veterans
• Little savings or little equity
• Less than perfect credit
• Currently have a VA Loan and wish to refinance

VA Loan Qualifying

If you are a memeber of the U.S. Military or Veteran, contact the Rebecca Foote Mortgage Team at 717-609-4044 to see if you are eligable for a VA Loan.