Khan Home Loans LLC

Veteran Affairs Loan

VA Loans

Eligible veterans and their surviving spouses are only eligible for U.S. Department of Veteran Affairs (VA) loans.

One a lender has qualified you for VA loan you can use it for the following:
  • New home construction
  • Manufactured home purchase
  • Purchase a lot
  • Purchase a manufactured home or a lot
  • Purchase project condos that are VA-approved
  • Purchase no more than 4 units or a single-family home
  • Purchase or remodel your property
  • You can upgrade or add additional features new features such as solar power
VA purchase loans
  • Zero down payment appraised value must be same or higher than the purchased price. This value is determined by the appraiser based on the market at the time of appraisal.
  • Interest rates and terms are better, in majority of cases VA loans are better than banks and private loans.
  • Conforming loan limit  for Freddie Mac/Fannie Mae you may borrow above the limit if you are willing and qualify to put additional down payment. Zero down payment loans in majority of areas.
  • (PMI) private mortgage insurance or (MIP) mortgage insurance premiums PMI protects the lenders in the event you end up defaulting on the loan.
  • Less closing costs, this amount can be negotiated with the seller by you or your realtor .
  • Zero penalty fee for paying off your loan early.
  • First time VA home buyer can qualify for a VA home loan.
  • You can use your VA benefits for refinancing and after selling your primary home.

Get in Touch

We provide home loans to clients with the lowest rates and fast closing. Contact us, we will be happy to provide the best service.

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