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John The Mortgage Man
4838 Holly Rd. Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com
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VA Loan Basics

INTRO

If you are a Veteran you can own a home with NO MONEY down with a VA loan. This report will go over all the advantages you have with a VA loan, what exactly one is and the requirements. It’s a must read if you are veteran and ever thought about owning a home.

REPORT

The Veteran Administration has been set up to assist Veterans, and the VA loan has been created to let Veterans own a home much easier then with a conventional loan. In fact it has helped 18 million military members purchase homes. A VA loan is probably the most powerful and flexible lending option on the market today. The biggest advantage is of course that you can own a home with out making a down payment.

Here are the basics of the advantages of a VA loan

No Down Payment– There are no other loan programs besides a USDA rural housing and HomPath loans that offers such an advantage. Down payments are often times the biggest reason that someone can’t purchase a home. Conventional loan down payments can easily go up to 20%, with a VA loan that is no longer an issue.

Lower Financial Requirements– With conventional loans there are many barriers to get qualified. Having a lower credit score can greatly increase your down payment and your interest rate. Because of that a lot of veterans would not be able to own a home. The VA loan takes care of those issues. In fact, about 80 percent of people who qualified for a VA loan would have not qualified for a conventional loan.

No Mortgage Insurance– Like all government loan, they have the backing of the government which eliminates the need for private mortgage insurance. This can save you hundreds of dollars a year.

Lower Interest Rates– VA interest rates are typically always lower the conventional loans. That means that you pay less each month on your mortgage.

If you are a Veteran and you wanted to own a home there isn’t any reason not look at a VA loan.  There is no loan program out there that can get you in a home faster, easier and cheaper. There are of course limitations. You must currently be serving in the United States military or be an honorably discharged veteran to qualify. Surviving spouses and members of the Reserves or National Guard can also obtain VA Loans. There is typically a $417,000 loan limit; however it can be higher in areas where homes prices are typically higher. Even though financial requirements are lower then conventional loans, there are still some financial qualifications.

Contact us today to see if you qualify for this great program.


Meet them man…the mortgage man.

Mortgage Man
csmmog .
csmmog .
20:16 27 Sep 19
John's team interfered in the real estate contract by trying to negotiate a ridiculous temporary lease and 90 day extension then telling the buyer and the buyers agent the deal was done. When I wouldn't agree to a 3 month extension and allow the 'buyer' to move in with no credit report and no real lease, John's team's advice to the buyer was to lower their lease offer. He just couldn't make the loan happen in the first 10 day extension period HE proposed. Kind of Hinky - the lender contacting the seller directly.read more
Mark Foster
Mark Foster
11:17 30 May 19
John and his team worked diligently to make the process as easy as possible. They kept me informed and sent me step by step what they were doing so I always knew where we were in the process. I had a very low credit score and they still made it happen! Thanks John, Troy, Allan and the whole team.read more
Rich and Bekah Roberts
Rich and Bekah Roberts
17:43 24 May 19
John and his team are excellent at what they do. Very friendly and helpful, yet also down to earth and realistic about your ability to attain such and such mortgage. John will let you know if your "dreams" are a match with the reality of your financial situation. John wants you in a mortgage, but he wants you in one you can afford comfortably. I had numerous questions throughout process, and John gladly answered each and every one. I am very grateful my wife and I chose John, and would do so again if/when we have other mortgage needs. If you're ready to buy a home, you wont be disappointed with John McCoy!read more
Jeremy Dean
Jeremy Dean
06:16 07 Mar 19
John the Mortgage Man worked to get me and my wife into our first home this year! We had some issues with low funds, high debt and bad credit, but John helped us to determine how much we needed to save up to get in the home we wanted. Once we got there John was able to hook us up with a lender and get us a good deal on a loan. We closed in just over two weeks from the time we found a house that we wanted! John always made us feel at ease and answered any questions we had. Very knowledgeable, very responsive and very kind! Thank you John for everything! Highly recommend!!!read more
John McCoy
John McCoy
15:12 19 Feb 19
John made getting our loan processed very efficient and worry free. He will do the same for you!
CJ
CJ
19:47 20 Oct 18
12 days from application to closing, now that's fast! Great overall service, everything John said he would do, he did it. My clients were thrilled.read more
Frank J Rosati
Frank J Rosati
19:15 20 Oct 18
John made everything easy for the purchase. He had everything covered (all the associated costs, paperwork) that I needed to close. It was a pleasure to work with him again (this is my second time working with John) and I would highly recommend him to anyone looking to finance a home.read more
debbie powell
debbie powell
19:05 19 Aug 18
John goes out of the way for you to make sure you are informed, kept up to date, and always professional. Definitely goes the extra mile to help! Everything is done in a timely manner. Thanks so much John! This is my second mortgage through John McCoy and team.read more
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John McCoy NMLS #308360
MBN Financial NMLS# 1009879

John The Mortgage Man
4838 Holly Rd Suite 201
Corpus Christi, TX 78411
(361) 510-1420johnthemortgageman@hotmail.com