VA offers .

Backed by the U.S. Department of Veterans Affairs, VA loans are designed to help active-duty military personnel, veterans and certain other groups become homeowners at an affordable cost.

Contrary to popular belief, VA loans are available not only to veterans, but also other classes of military personnel. The list of eligible VA borrowers includes active-duty servicepersons, members of the National Guard, Reservists, surviving spouses of veterans, cadets at the U.S. Military, Air Force or Coast Guard Academy, midshipmen at the U.S. Naval Academy and officers at the National Oceanic & Atmospheric Administration. A minimum term of service is typically required.

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VA Financing 100% Financing

PRIMARY RESIDENCE ONLY

VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners.

Loan Parameters:

  • Purchase and refinance transactions
  • 0% minimum down payment.
  • 100% Financing, No down payment required
  • Seller Contributions up to 4% of the loan amount
  • 620 Min Credit Score.
  • 100% gift funds are allowed
  • Available to Veterans, Service Members and select military spouses.
  • Purchase and Streamline Refinance
  • Maximum Loan Amount, NA
  • Single Family Residence, Duplex, Triplex and Fourplex
  • Terms; 30, 20, 25, and 15 year loans. Adjustable rate mortgages also available
  • S. Citizen, permanent resident alien or qualified alien with work visa
  • All borrowers must occupy the property as their primary residence within 60 days of closing.
  • Primary Residence only
  • If Manufactured home, must be multi-wide. Single-wides are Ineligible
  • Max Debt to income ratios 65%
  • Certificate of Eligibility (COE) is required at submission.
  • Allowed for 4 Units, PUD’s, Townhomes, Row homes, Manufactured Housing (see requirements above), and Fannie Mae approved condo projects
  • No VA funding fee when service related disability for Veteran or for surviving spouse when vet received disability
  • VA refinance to another VA with a IRRRL = Interest Rate Reduction Refinancing Loan. “Streamline” Refinanced.
  • For IRRRL (Streamline Refinance) there is no appraisal and no income documents needed.
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Bryan E.

Bryan E.

Came to the Contrasto team to prequalify for a new house loan. We had worked with Contrasto when getting our current home.They took time to explain what we needed, ad were very helpful in suggesting where we could get additional help. They are great partners. The Contrasto team was very professional, courteous and provided excellent service to me when I was buying a new home.
Santiago T.

Santiago T.

“My wife and I have used Patti's services on two different occasions when we purchased homes. She always provided excellent service, is very knowledgeable, very professional, and very friendly. We highly recommend her.”
Heltor H.

Heltor H.

"Outstanding service!!! Patti and Team are amazing!! They will work hard to get you the best possible deal and ensure the entire process is completed in a timely manner. All the while explaining you the entire loan cycle step-by-step, so you never feel out of place. If you have any doubts about whom you should be working with, contact Patti and Team. You won't regret it!!"