VA home loans are guaranteed by the U.S. Department of Veteran Affairs (VA) to
eligible veterans for the purchase, rate & term refinance or cash out refinance of a
primary residence.
Benefits of VA loans include:
Common sense underwriting guidelines (with respect to credit,
debt to income ratios, etc.)
Little or no down payment
Competitive mortgage rates
No monthly mortgage insurance premium
VA Home Loan Guaranty Services
also provides counseling and assistance to veteran borrowers having financial
difficulties or facing default.
Even though a mortgage insurance premium is not required, borrowers are charged a small
funding fee for VA mortgages, which guarantees the loan. The fee may be paid in cash by
the buyer or seller, or it may be financed and included in the loan amount.
A VA mortgage can be used to buy a home, build or even improve a home with energy-saving
features such as solar or heating & cooling systems, water heaters, insulation, weather-
stripping & caulking, storm windows & doors or other energy efficient improvements
approved by VA.
A satisfactory Certificate of Eligibility from VA must be presented to be eligible for
the loan program.
Live Customer Satisfaction Survey
Read what customers say about our level of service.
Posted: 07/30/10 4:30 PM
The refincing process is nearly completed. My experience with Amerisave so far has been very good. I want to thank Brant Gillmore and Rachel Handschuh for their excellent services: they have been very attentive to my needs and inquiries, and very professional.
Posted: 07/30/10 2:57 PM
I , thus far, have found it user friendly. I have been asked for documents that I had previously sent in but that does not appear to be hugely problematic.
** Thus far, I would recommend AMerisave to colleagues. ( ..and have !)
Posted: 07/30/10 1:10 PM
I like that it's fast and no-nonsense. I like that my mortgage processor is quic. . .
