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Purchase & Refinance
Finding The Best Mortgage Solution For You
We are your local source for home financing. Our mortgage lending group will help you realize your goal of home ownership by finding the best mortgage solution that fits your needs and budget. We use our state-of-the-art technology to make the home buying process one of the easiest in the industry. In fact, we can get you qualified for a home loan in Hawaii in only minutes. We offer a variety of loan types including Conventional, FHA, VA, Renovation loans and many more.
Call today to discuss which of our many programs is right for your specific financial needs. Call 858-449-0514 to schedule an appointment.
Purchase
Refinance
Loan Process
Loan Programs
Purchase & Refinance
Contact
You’re treated like more than a transaction. We value the long-term relationships we foster with each of our clients and are here to help you not just with your current home purchase, but any and all purchases, refinancing or other mortgage decisions throughout time.
When you choose us, you get a truly customized and personalized lending experience that is efficient and streamlined. We understand that purchasing or refinancing a home can be stressful, which is why our mortgage loan originator will shoulder the burden from start to finish. Expert experience and unit problem solving in the mortgage lending industry call us at (636) 489-2411
Why Choose The Military Home Loan Division at USA Mortgage?
Personalized Service
Low Rates & Fees
Quick Pre-Approval
Variety of Solutions
Monday - Friday: 8:00 AM - 5:00 PM
Sunday & Sunday: Closed
Call Today: (636) 489-2411 military@usa-mortgage.com
1380 High Street Plaza, Ste 5
Washington, MO 63090
DAS Acquisition Company, LLC dba USA Mortgage NMLS: 227262. Not a commitment to lend. Additional terms and conditions apply. AZ License Number: 942577. Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act. Regulated by the CO Division of Real Estate. OH #RM.850291.000. Headquarters: 12140 Woodcrest Executive Drive, Suite 150, St. Louis, Missouri 63141, Toll Free: (888) 250-6522. For licensing information, go to: www.nmlsconsumeraccess.org. DAS Acquisition Company, LLC is not affiliated with or endorsed by any government entity or agency, including USDA, HUD or VA.
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HOME LOANS
MILITARY
Why Choose the Military Home Loan Division?
“We don’t know them all, but we owe them all.” – Unknown
Who qualifies for VA Loans?
What are the benefits of VA Loans?
Get started!
Why Choose The Military Home Loan Division at USA Mortgage?
Our Mission:
We honor the heroes who keep our homeland secure by helping them secure their homes. And refinance them!
Our Vision:
Provide a streamlined process that makes the home loan transaction an enjoyable one. Maybe even...Fun?
Who Qualifies for a VA Loan?
Active duty, veterans, those who have served more than 6 years in the National Guard or Reserves, and surviving spouses of a deceased veterans are eligible to take advantage of VA Loans.
Veteran and military homebuyers have access to an incredibly unique and powerful loan program!
What are the benefits of the VA loan?
• 100% Financing*
•Very low rates
•No mortgage insurance
•Can be used to buy, refinance, or renovate!
•No monthly cash reserves required
•Seller contributions allowed up to 4%
We can request your CEO instantly during your preapproval process, or active Military and Veterans can order their COE one of three ways:
1. Complete a VA Form 26-1880 request online at www.eBenefits.va.gov
2. Complete a VA Form 26-1880 along with proof of military service, and mail to the VA Loan Eligibility Center, PO Box 100023, Decatur, GA 30031
3. Contact us and we will request it for you!
To be eligible for a VA loan, you or your spouse must meet the minimum service requirements set by the Department of Veterans Affairs (VA), have a valid Certificate of Eligibility (COE) and satisfy the lender's credit and income requirements.
• You served 90 consecutive days of active service during wartime.
• You served 181 days of active service during peacetime.
• You have 6 years of service in the National Guard or Reserves.
•You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.
• You were discharged for hardship, or at the convenience of the government, or a reduction in force.
• You were discharged for a medical condition or service-connected disability.
• You were discharged for early-out and served at least 21 months of a 2-year enlistment.
You may be eligible for a VA loan by meeting one or more of the following requirements:
If you don't meet those requirements, you still might qualify if:
*
*100% financing up to the appraised value of the property.
VA data from www.va.gov/housing-assistance/home-loans/eligibility/
*100% financing up to the appraised value of the property.
Employee-Owned:
We Are 100% Employee Owned: So we are 100% committed to helping our clients!
PLUS - our processing fee for veterans is only $295!
What types of Loans are Available?
Get a loan for $0 DOWN using the VA Benefit earned through your military service.
*
What type of loans are available?
Construction Loans
Loans are higher interest rate, shorter term (usually for a period of one year) loans to cover the cost of constructing or rehabbing a house. These loans are paid to a contractor, rather than the borrower, and as construction targets are completed. Upon completion of construction, the borrower has the option to either refinance or obtain a new loan.
Conventional Loans
This is the usual starting point for many, because it’s exactly what it sounds like: conventional. A Conventional Loan is pretty standard and requires a minimum down payment of 3%, for a maximum loan amount of $647,200. In addition:
Seller concession is up to 3-9% of the sales price
PMI required over 80% LTV
Additional options are available
USDA Loans
For a USDA Home Loan, a new or existing property must be located in a USDA-approved area. While there may possibly be financed closing costs, there is no down payment required (100% – 102% LTV financing based on appraised value.) These also feature reduced monthly mortgage insurance premiums. In addition:
Seller concessions of up to 6% of the sales price
Condominiums may be eligible for financing
Not restricted to first time home buyers
FHA Loans
With no income limits, FHA Loans require a 3.5% minimum down payment and a maximum loan amount of $420,680. For condominiums, they must be on FHA-approved list. Also, an upfront Mortgage Insurance premium is financed into the loan. In addition:
Seller concessions up to 6% of the sales price
Gifts allowed
VA (Veterans Affairs) Loans
Specifically for Veterans, VA Loans require no down payment (loan applicants must meet VA eligibility, however.) The maximum loan amount is $647,200, with no mortgage insurance. The VA funding fee can be financed into the loan (which can be waived by disabled veterans.)
Reverse Mortgage
Just like any other type of mortgage, though the applicant must be 62 years or older, own the property, and occupy it as their primary residence. One nice bonus? You don’t have to make a payment until the last surviving homeowner permanently moves out of the property or passes away. At that point, any remaining equity will be inherited by the estate.
Greater fund flexibility
Can offer a better alternative to selling
Jumbo Loans
For homes exceeding the value of Conventional Loans as established by the FHFA (the current conforming loan limit for one-unit homes in most counties nationwide is $647,200). Predominantly used to finance homes in highly competitive real estate markets or luxury homes, Jumbo Loans are usually available with a fixed interest rate or an adjustable rate.
Down payments must be 10%-15% of the purchase price.
Offer a few options when it comes loan types.
Renovation Loans
Designed to provide the needed funds to update or renovate your home, Renovation Loans should be viewed as a means to reduce your long-term costs, increase the value of your property, or for buying a home that is at a lower price point or “fixer-upper.”
Bank Statement Loans
Also known as self-employed mortgage, a Bank Statement Program is a great option for those borrowers who do not have the tax documents to prove their ability to pay for a mortgage. Can be applied to owner-occupied, 2nd homes or investment properties, with loans up to $5 million.
Investment Property Programs
A conventional investment in real estate bought with the intent of generating income, usually in the form of a one- to four-unit residential home. Investment Property Programs tend to have a higher mortgage, with more adherent lending standards, as well as higher down payments, than your standard property loan.
Additional Loan Programs
DAS Acquisition Company, LLC is not affiliated with or endorsed by any government entity or agency, including USDA, HUD or VA. Interest rates and products are subject to change without notice and may or may not be available at the time of commitment or lock-in.