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.
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Testimonials
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"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."Ron M.Ron M.55stars"Dale has been of great benefit to our VA Home Mortgage planning, saving us time and money. I fully recommend him."
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Carlos & Aubrey R.
2023-03-17"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...
Carlos & Aubrey R.Carlos & Aubrey R.55stars"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...
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Steve & Shanon M.
2023-03-17"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 b...
Steve & Shanon M.Steve & Shanon M.55stars"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 b...
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Emily M.
2023-03-17"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. Throu...
Emily M.Emily M.55stars"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. Throu...
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Valerie G.
2023-03-26"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 p...
Valerie G.Valerie G.55stars"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 p...
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Chris H.
2023-04-14"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 ...
Chris H.Chris H.55stars"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 ...

