VA Loans
A Veterans Administration (VA) loan can be used to help American servicemen or women and/or their spouses secure financing for a mortgage purchase. You can check with the veterans administration (through its website or through other information exchanges) to find out whether you are eligible given your service history. Only service members who have received honorable discharges and who have served 90 days or more may qualify for VA loans. Bear in mind that the Veterans Administration isnt actually giving money towards your house or property. It provides insurance to lenders that you will make good on your obligation. If you get a loan for $417,000 or less, the VA will back you (this number may vary depending on the terms of your contract and agreement with the lender).
Advantages of a VA Loan include:
- No down payment required
- Reduced interest rates
- Loans up to $417,000
- 30 and 15 Year Fixed Loans
- No PMI
- Limited closing costs
- No pre-payment penalty
- 4% Seller Concessions
A VA loan should be used as a leverage to reduce your rates and qualify for a larger house that you might otherwise not get through conventional means -- not as a tool to spend beyond your means.
Need funds for your home renovation? FHA 203k Rehab Loan | Click here
FHA Loans | Click here
NHHFA Loans | Click here
Buy Down Program
Tom offers his clients post closing benefits called "The Buy Down Program". Tom will consistently monitor your current interest rate and loan program for the life of your loan. If the current mortgage rates drop 1/4% less than your current rate on a no closing cost program, Tom will refinance your mortgage with no closing costs and nothing added to the principal balance.
Home loan services
100% Financing, New Hampshire Housing, FHA, VA, USDA. Financing for single family residence, investment properties, multi-family houses, condos, island homes, commercial properties. Fixed rates, adjustable rate mortgages including 1/1 Arms, 3/1 Arms, 5/1 Arms, 7/1 Arms, 10/1 Arms, 30 year fixed mortgages, 20 year fixed mortgages, 15 years fixed mortgages, and 10 year fixed mortgages.resources
- 01Employee BenefitsAre you an Employer? Learn about valuable benefits we can offer your employees
- 02Town DataDemographics, Municipal Services, Transportation, Education Facilities, Recreation, Taxes
- 03Loan ProcessImportant Steps of Purchasing / Refinancing Your Home
- 04GlossaryMortgage Terms from A-Z
- 05Referral DirectoryPreferred Vendors