The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.
The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. A VA loan may also have reduced closing costs and no prepayment penalties.
Additionally there are services that may be offered to veterans in danger of defaulting on their loans. VA home loans are available to military personal that have either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.
America Lending is committed to helping you find the right mortgage program. We offer a variety of programs to meet your individual needs.
Company NMLS: 372121
Licensed by PA Department of Banking and Securities
Licensed by New Jersey Department of Banking and Insurance
Licensed by Florida Office of Financial Regulations
2337 Philmont Ave Suite 206
Huntingdon Valley, Pennsylvania 19006
Phone: (800) 795-7521