NATIONWIDE AND JACKSON MS VA HOME LOANS & MORTGAGES

Information Regarding Your Veterans Administration Home Loan Benefit Mortgage Options

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*Approximately 3 -5 Minutes to Complete The form.

Ready to buy your home?

Let's Get Started


*Approximately 3 -5 Minutes to Complete The Form.

WHAT IS A VA HOME LOAN, AND WHO QUALIFIES FOR THIS LOAN?

WELCOME TO HOMETOWN LENDERS, INC. RIDGELAND MS BRANCH WE ARE TRUSTED BY CLIENTS ACROSS THE NATION FOR NATIONWIDE & JACKSON MS VA HOME LOANs and MORTGAGES

If you have questions regarding your Veterans Administration Home Loan Benefit Options, we have answers.

We are a leading Nationwide & Jackson MS VA Home Loan Mortgage Lender, and for good reason. We have helped many veterans and their families in Alabama, Arkansas, California, Florida, Illinois, Indiana, Kentucky, Louisiana, Maryland, Michigan, Missouri, Mississippi, New Mexico, Tennessee, Texas, and Virginia achieve their dream of home ownership through VA Home Loans. We are honored to serve veterans of our US Armed Forces whom have served our country with honor and dignity. 

The VA (Veterans Administration) guaranteed home loan is the preferred loan program for active, non-active, Reserve, National Guard, and retired military of the armed forces because there is no down payment needed and no private monthly mortgage insurance required. While most people believe that the VA lends money directly to veterans, it actually just insures the mortgage financed by VA-approved lenders.

Call us today at 615-307-4254 to speak with our Nationwide & Jackson MS Licensed VA Mortgage Loan Officers and schedule your appointment to get prequalified and start your VA Home Loan process.

The HomeTown Lenders Team sincerely thanks you for your service. We look forward to the opportunity to serve you. 

WHY VA LOANS ARE A GREAT BENEFIT

VA loans are one of the best options available for veterans that would like to purchase a home or refinance their current VA mortgage. The VA program allows veterans to purchase a home with no down payment and 100% financing. In addition to this monthly mortgage insurance is not required which makes the VA program one of the most affordable options available. If a veteran is already in a VA loan they can take advantage of a reduced documentation refinance by using the streamline program to lower their payments.

WHAT ARE THE ADVANTAGES OF VA LOANS?

  • No down payment
  • No mortgage insurance
  • Credit scores down to 580 (Special Restrictions Apply)
  • No prepayment penalty ever
  • Up to 50% debt to income ratio
  • A VA loan may also be assumable
  • Allows for 4% seller paid closing costs

WHAT ARE THE WAITING PERIODS AFTER A HARDSHIP?

  • 2 Years from Foreclosure or Short Sale
  • 2 Years from Discharge of Chapter 7 Bankruptcy
  • 3 Years from Discharge of Chapter 13 Bankruptcy

WHO IS ELIGIBLE FOR A VA HOME LOAN?

WARTIME VETERANS WHO WERE NOT DISHONORABLY DISCHARGED AND SERVED AT LEAST 90 DAYS:

  • World War II – September 16, 1940 to July 25, 1947
  • Korean Conflict – June 27, 1950 to January 31, 1955
  • Vietnam Era – August 5, 1964 to May 7, 1975
  • Persian Gulf War – Check with VA regional office for specific eligibility
  • Afghanistan and Iraq – Check the VA’s Web site for eligibility guidelines for current service in Afghanistan and Iraq

RESERVES AND NATIONAL GUARD

Members who have completed six years of service and have been honorably discharged (or are still serving) may be eligible for a VA loan. Contact your regional VA office for more details

PEACETIME SERVICE

Peacetime service of at least 181 days of continuous active duty with no dishonorable discharge. If you were discharged earlier due to a service-connected disability, you should speak with the regional VA office to verify eligibility.

  • July 26, 1947 to June 26, 1950
  • February 1, 1955 to August 4, 1964, or
  • May 8, 1975 to September 7, 1980 (enlisted) or to October 16, 1981 (officer)
  • Enlisted veterans whose service began after September 7, 1980, or officers whose service began after October 16, 1981, must normally have served at least two years.

OTHER TYPES OF SERVICE THAT MAY MAKE YOU ELIGIBLE FOR A VA LOAN:

  • Certain US citizens who served in the armed forces of a government allied with the United States during World War II
  • Surviving spouses of eligible persons who died as the result of service or service-connected injuries. The surviving spouse must not have remarried
  • The spouse of any member of the Armed Forces serving on active duty who has been listed as a prisoner of war or missing in action for more than 90 days

Popular National And Jackson MS VA Home Loans & Programs

  • Flexible approval process
  • You can reuse VA benefits
  • Higher loan limits available
  • Don’t have to be 1st time buyer
  • No appraisal required
  • No income verification
  • Reduced documentation
  • Competitive interest rates

A Diverse and Comprehensive Line of Loan Products to Fit Everyone's needs.

FHA LOANS

Down to a 580 Credit Score

VA HOME LOANS

Down to a 580 Credit Score

USDA LOANS

Down to a 580 Credit Score

CONVENTIONAL

Down to a 620 Credit Score

FHA
203K Loans

Down to a 620 Credit Score

Construction to Permanent

Down to a 620 Credit Score

FHA/VA/USDA
Conventional

Manufactured Home
Loans Available

Down Payment
Assistance

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By sending this form to your email you are agreeing to allow us to contact you by email to follow up with you. Call us today to see what programs you may qualify for and today’s interest rates

Hometown Lenders Helping You Achieve Your Dreams

Contact Our VA Loan Officers To Learn More About Our Nationwide Or Jackson MS VA Home Loans and Mortgages

We pride ourselves in making your home financing experience as easy and affordable as possible. Our service is second to none.
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Home Loan Pre-Qualification Inquiry

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Home Loan Pre-Qualification Inquiry

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FHA, VA, USDA Loans SPECIAL RESTRICTIONS

Special restrictions and guidelines for bad or poor credit.

All loans FHA, VA, USDA:

  1. FHA –  Minimum loan amount 200K
  2. Alternant trade lines ( utility bill, child care, insurance etc) 12 month history no late payments
  3. BK 7 Discharge over 2 years.  BK CH 13 3 years from file date
  4. Foreclosures over 3 years  
  5. Verifiable Rental history 12 months no lates (Cancel checks, money orders or by management company)
  6. 3 Months of reserves ( 3 months payments in reserves . example in bank, 401k etc)
  7. No excessive late payments in the past 12 months
  8. No Mortgage lates

On FHA with Credit scores less than 580

  • 90% LTV(Loan to Value) with 10% Down payment .

On VA with Credit scores less than 580  

  • 3.  100% LTV(Loan to Value) NO Down Payment

 On USDA with Credit scores  of 580-619

  • 100% LTV(Loan to Value) NO Down Payment

Guidelines