VA Loans

Members who have served in the military or armed forces can be eligible for a VA loan to help them purchase a home. These candidates can use these loans to help finance the purchase of land or a home. VA loans can be very beneficial even if the case you are not a first time home buyer. If you or a family member is a service member and is thinking about buying a home, reach out to us at AmeriSouth Mortgage Company in Charlotte, NC.

How Do I Get Approved?

In order to get approved for a VA loan, you need to be a current or former service member in order to qualify for a VA loan, the VA is not directly involved in the approval process. You will need to apply and qualify through a VA approved private lender before you can move forward to purchasing a home. In order to be eligible for a VA loan, you must have sufficient credit and income, and a valid Certificate of Eligibility. If you plan to purchase a home with a VA loan, you must buy it for live in purposes not for resale.

In order to find out the amount of the loan you are eligible for, your length of service and the role in which you served will be considered. You will also need to have your finances in order to qualify for a VA loan, just as you would to qualify for a conventional loan.

VA Loan Details

VA loans are great for a variety of reasons, but one of those reasons is that they do not require a downpayment. This is a good option for those who may have had difficulty finding a private lender to finance the purchase of a home.

There are also other benefits to going with a VA Loan which are listed below:

  • No down payment as long as the sale price isn’t higher than the value of the home you plan to purchase
  • No insurance premium requirement
  • Closing costs are limited and may be paid by the seller
  • You can’t be charged a penalty if you pay the loan off early
  • VA may be able to assist you if you find yourself in a position where you are having trouble making payments

VA home loans are not only used for the purchase of a home, although this is a primary purpose for using a VA home loan.

They can also be used in the following ways:

  • Build a home
  • Purchase/fix up a home
  • Make energy efficient improvements
  • Purchase a manufactured home
  • Refinance an existing VA home loan

Call Us Today!

If you are a veteran or currently enlisted in the services, we want to help you on your journey to a home and help you to secure your VA loan today. We would be more than happy to discuss your options and answer any questions you may have, so feel free to reach out to us at AmeriSouth Mortgage Company in Charlotte, NC today!

VA Loans

A VA Loan is Designed to offer long-term financing to veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.

 

Apply for a VA Loan with a VA Qualified Lender.

Links

Licensing

AmeriSouth Mortgage Company NMLS: #67050
NORTH CAROLINA: License #L-104114
SOUTH CAROLINA: License #MLS – 67050
TENNESSEE: License #135614
GEORGIA: License #13572

(Georgia Residential Mortgagee Licensee)

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Contact Us

AmeriSouth Mortgage Company
2101 Sardis Road North
Crown Centre Suite 120
Charlotte, NC 28227
Phone: (800)849-2378

BUSINESS HOURS

M-F: 8:30 am - 5:30 pm
SAT: closed
SUN: closed

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