With less than perfect credit, your options for a home loan may be limited. But if you’ve served in the military, you may qualify for quick approval and a low down payment with a Veterans Administration (VA) Loan.
"YYJ Victoria Mortgage Team"'s goal is to help make your dream of home ownership come true. Our dedicated, professional mortgage specialists appreciate your service to our country, and we’ll do everything we can to overcome the obstacles you're facing and help you become a homeowner.
We are committed to providing the best possible service to our clients and have simplified the application process so that your loan will be more likely to be approved. We provide the expertise and the experience to help you obtain the best possible loan for your budget.
VA Mortgages are available to Active Duty military, Retired Military, some Surviving Spouses, and Reservists / National Guard Members.
Should a borrower be in default on their loan, the VA will repay it. A VA loan is one of the best lending options available on the market today.
Rather than issuing loans, the VA guarantees to the lender that repayment will be made, no matter what. That guarantee gives VA-approved lenders greater protection when lending to military borrowers, and often leads to highly competitive rates and terms for qualified veterans.
VA Loan Benefits:
No down payment requirement.
More favorable interest rates are frequently offered by lenders because of the VA’s guarantee.
Ability to finance funding fee.
No mortgage insurance premiums.
Maximum loan amount may be 100% of appraised value of home or purchase price, whichever is lower. Appraised value is determined by a VA-approved appraiser.
Maximum loan amount is up to four times the VA eligibility entitlement (currently $104,250)which givesa maximum loan amount of $417,000 for 100% financing.
Allows for no cost, no qualifying “streamline” refinance.
Benefits of using us:
100% financing options available.
No monthly mortgage insurance.
Thin or alternate credit allowed.
If you are currently serving active duty, or are a veteran of the Armed Services, you may qualify for a VA loan. Contact us at (778) 400-9868.
YYJ Victoria Mortgage Team 6 4440 Chatterton Way, Victoria, BC, V8X 5J2