VA Loans St. Louis
By: Joe Challans
Throughout the course of the year, we all celebrate multiple holidays. With that we all have our favorites, for some, it is July 4th, others it’s Halloween, for me it is Veterans Day. Why Veterans Day specifically? Well, I am the proud son of a Purple Heart Vietnam Veteran, as well as working with two dedicated and amazing Veterans, Dave Mattull (Head of Reverse Mortgages) and Bill Tottleben (Illinois Senior Mortgage Banker extraordinaire). What makes Veterans Day so special to me is that it allows for me and the rest of the country to say “Thank You” to my Father, Bill, and Dave, and countless others for their service to our country. With the holiday coming up I thought now would be a great time to discuss the VA LOAN, which is available to our Veterans, our Disabled Veterans, Active Duty, Reservists, National Guard, and Surviving Spouses of Veterans.
The VA LOAN is a government backed loan program that is unlike any other loan on the market. It has several pluses that make buying your first home, refinancing your home, or moving into a new home an easier and better process than obtaining a Conventional or FHA loan. The reasons are numerous, but I have whittled it down to the 7 main reasons:
- You can go to 100% of the purchase price, meaning no down payment is needed, if you so desire
- Generally lower rates than on conventional or other loan programs
- A rate and term refinance is a breeze and in some cases doesn’t require an appraisal
- You can go to 100% of the appraised value on a cash out refinance
- Your benefit can be passed onto your spouse, in the event of you passing away
- NO MONTHLY PMI INSURANCE, even if you don’t put 20% down
- Most companies will approve a VA LOAN with a lower credit score, unlike other loan programs
These are just some of the benefits that the VA LOAN offers. It is a fantastic loan program and a way to reward those who serve or have served our country. Give us a call at 314-878-7900, so we can go over your options with you. You will experience the customer service that differentiates us from the competition, see what our clients have to say about us. We will work diligently to ensure your VA LOAN gets closed on time. Plus, we always waive the First Integrity Fee of $985 on VA loans!
If you are not a veteran but want to get rid of your PMI, then give us a call about our Power Plus loan program - a true 5% down, no PMI loan.
Licensed mortgage professionals at First Integrity Mortgage use their experience, expertise, and the special programs available to discover your goals, present multiple relevant options, and recommend the program that best meets YOUR needs!
To get all the facts, please contact Joe Challans
Office phone number: 314-878-4900
Cell phone number: 636-575-2499
Email: jchallans@firstintegrity.com
NMLS# 856616
First Integrity Mortgage Services is a locally owned mortgage banker located at 77 West Port Plaza, Suite 200, St. Louis, MO 63146, NMSL# 276593.
Visit us today at www.firstintegrity.com and see the difference!!
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