VA loans offer veterans, active-duty military personnel and their families lenient eligibility requirements and flexible guidelines for purchasing or refinancing their Portland homes. Available at fixed or adjustable rates, VA loans can save qualified Portland military members thousands of dollars on financing and fees, making homeownership more affordable for the thousands of veterans currently living in Portland.
Advantages of VA Loans for Qualified Individuals
- No PMI Payments Portland veterans that do not provide a down payment of at least 20% do not have to pay PMI or private mortgage insurance. Without this standard additional fee, Portland homeowners can save hundreds or thousands of dollars, depending on the purchase price of your home.
- Fewer Eligibility Conditions Since VA loans are backed by the government, there are fewer qualifying conditions. With no minimum credit score and with more accommodating debt and income guidelines, VA loans can help Portland veterans and active military members get an affordable home loan.
- No Money Down For military personnel that frequently move to fulfill military requirements, VA loans have no down payment requirements and allow you to finance 100% of your home’s purchase price. With this enticing advantage, Portland veterans and active-duty military members can save the cash they need for other financial goals.
- Refinancing Available The VA Streamline Refinancing Program is available to eligible individuals looking to refinance their home loans at an affordable rate. With interest rates near all-time lows, refinancing with a VA loan can save veterans and active military personnel thousands of dollars each year on your monthly mortgage payment. This streamlined program has no income or appraisal requirements, making the approval process quick and easy for Portland homeowners.
VA Loans with Golden Oak Lending
Those who serve – deserve. At our Portland office, our mortgage experts work to find incredible low interest rates and the best loan options for veterans, military personnel, or their families who would like to buy or refinance a home. Our loan specialists have many years of experience helping Portland’s veterans secure either a VA loan or other loan type that best suits their unique circumstances and needs. In Portland’s competitive housing market, your personal loan expert with work with you to quickly close on your home. If you are a veteran or active military member in Portland, contact Golden Oak Lending Portland today to find out how this exclusive loan could help you secure your new home – you have earned this VA loan!