Your VA Experts

MLS Funding: Your VA Home Loan Experts

Military Family 2

You serve us, now let us serve you. Our commitment at MLS Funding is not just to provide you with exceptional customer service but to give you a seamless VA home lending experience. Here are just a few ways how we succeed in doing so…

  • ZERO Down, 100% Financing
  • No Mortgage Insurance
  • Competitive Interest Rates for Purchases & Refinances
  • FREE Pre-Approval with Fast Responses
  • Community Giving Back Program

 

In addition to our VA services, we would like to extend our special promo to ALL VA Purchasers. Upon closing your VA home loan purchase with MLS Funding, you will receive a 50″ TV as our way to thank you for your business AND service!

 

50 inch tv

Get a FREE and FAST Pre-Approval for your VA Loan by contacting one of our mortgage loan professionals today! Interested in applying for a VA loan? Fill out our online application and start collecting the needed items to expedite your loan application.

Military Family

There are many questions surrounding the VA Loan program. We have compiled a few of the most common questions and provided the corresponding answers:

 

Q: How do I determine if I am eligible for the VA loan benefits?

A: In order to determine if you are eligible for a VA loan, you must obtain a Certificate of Eligibility (COE). If you do not have this Certificate, you will need your DD-214 (Certificate of Release or Discharge from Active Duty) and apply using VA Form 26-1880. This process may be confusing and time consuming, so let us help you out! MLS Funding can get your Certificate of Eligibility generated online. For most veterans, we can get this information generated automatically!

Q: Why should I get a VA loan?

A: There are many advantages to obtaining a VA loan that makes it a far superior option to other loan programs. Most other loan programs require you to carry MI (mortgage insurance) if you put less than 20% down. MI is added on to your monthly payment, and can be very costly over the life of a loan. In lieu of MI, the VA guarantees your loan by charging a one time VA Funding Fee (more on that later). Additionally, VA loans consistently offer lower interest rates than its Conventional counterpart. Finally, the VA guidelines are much less restrictive than other loan programs, making them easier to qualify for.

Q: What are the VA loan limits?

A: In most counties in the country, qualified veterans can purchase a home up to $417,000 with no money down. In high-cost counties, however, veterans may be able to purchase a home above $417,000 with no money down. For more information regarding these high-cost counties, give us a call at 360-570-2066

Q: What is the VA Funding Fee?

A: The VA Funding Fee is a one time fee charged up front, and is often bundled into your loan. The fee varies depending on the veterans current situation, and some veterans are even exempt from the VA Funding Fee! For example, for a borrowers first time use, the funding fee is generally 2.15% of the purchase price of the home. For subsequent use, the fee is 3.3%

 

Get a FREE and FAST Pre-Approval for your VA Loan by contacting one of our mortgage loan professionals today! Interested in applying for a VA loan? Fill out our online application and start collecting the needed items to expedite your loan application.