A VA home loan is a mortgage loan program specifically designed for active-duty military members, veterans, and eligible surviving spouses. VA loans are backed by the U.S. Department of Veterans Affairs and offer a variety of benefits to help make homeownership more affordable for those who have served our country.
Pros:
1: No down payment required: Eligible borrowers can purchase a home with no money down.
2: Lower interest rates: VA loans typically have lower interest rates than conventional loans.
3: No mortgage insurance: VA loans don’t require private mortgage insurance (PMI), which can save borrowers hundreds of dollars each month.
4: Flexible credit requirements: VA loans have more lenient credit requirements than other loan programs.
5: Assumable loans: VA loans are assumable, which means that the borrower can transfer the loan to another eligible borrower in the future.
Cons:
1: Funding fee: VA loans require a one-time funding fee, which can be expensive depending on the borrower’s situation.
2: Limited eligibility: Only eligible military members, veterans, and surviving spouses can qualify for VA loans.
3: Property requirements: VA loans have strict property requirements, such as the property must be the borrower’s primary residence.
4: Appraisal process: The VA loan appraisal process can be more rigorous than other loan programs, which can lead to delays or issues with the loan.
5: Funding limitations: VA loans may have funding limitations, which means that borrowers may not be able to purchase more expensive homes or properties in high-cost areas.
Testimonials
★★★★★
“Buying a home is incredibly stressful, and for someone without a financial background securing a mortgage is the most confusing part. For some crazy reason we have put ourselves in the buying/selling position multiple times in the past 5 years! Each time we knew we needed to call Dale! He was so knowledgeable and attentive and made us feel comfortable and educated. Everything went smoothly, and he found us the lowest possible interest rate. He made himself available to me via any method of my choice – email, business phone or cell phone, which I greatly appreciated. We couldn’t have asked for a better experience. Time and time again!”
– Carlos & Aubrey R.
★★★★★
“I confidently endorse and recommend working with Dale DeShaw. I have been fortunate to work with Dale three times in the past five years for financing and refinancing properties and not only has it had a positive financial yield but it was a pleasure due to his friendly, stress-reducing, confident behavior and decades of expertise. Dale is the best!”
– Valerie G.
★★★★★
“I have had the great fortune to be able to work with Dale several times over the last 20 years. Dale patiently walked us through our first home purchase, then a refinance when the rates dropped to the purchase of a brand new home. Dale always took the time to explain the process in plain language and a smile. I have recommended Dale to family and friends over the years and have no hesitation in doing so again!”
Thanks Dale,
– Chris H.
★★★★★
“I have been working with Dale for 21 years. He has taken part in the purchase of each of my properties both personally and professionally. He always responds quickly and with concise instructions on what is needed for my next investment. Through highs and lows he has been a loyal friend and business partner and I will continue to refer friends and family to his office.”
– Emily M.
★★★★★
“We were looking at available options for possibly selling or refinancing our home. We initially tried working with our financial institution, but became frustrated at their inflexibility & disorganization. We decided to reach out to Dale because he had helped us and our family so many times before. Dale gave us the best options as well as the pros and cons of every option we contemplated, and was always open to running multiple scenarios for us. He found the perfect financing plan for us. Save yourself the time and the headache and bypass the banks. Go directly to a knowledgeable mortgage broker! We would highly recommend him for any of your home buying/selling needs!”
– Steve & Shanon M.
★★★★★
“Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him.”
– Ron M.
CONTACT
First-time buyer? Move-up buyer?
Investor? Refinancing?
Let’s plan your mortgage.
Fairway Mortgage, LLC
NMLS #2767473
Office: (541) 654-8285
Email: bdeshaw@fairwaymortgagellc.com
350 West 5th Avenue
Eugene, OR 97401