VA Loans

With 100% financing, the VA mortgage loan has become one of the most sought-after home loans in the US.

VA Mortgages

With 100% financing, the VA home loan is an incredible financial benefit earned by Veterans of the United States military. If you are on active duty in the military or a Veteran, you may qualify for one of the best home mortgage loan programs available. VA loan programs continue to offer aggressive 100% home financing with no money-down loan options for purchases.

In addition, VA borrowers who have no equity can still take advantage of low VA mortgage rates with the VA Streamline program. The VA Streamline refinance is a rate and term refinance program that is only available for VA borrowers who do not want cash out but are looking for better interest rates or a fixed-rate amortization. In most cases, the VA Streamline loan does not require an appraisal, so consumers who have lost the equity in their homes can still qualify to refinance at a low rate. There is also an option to do a cash-out refinance to consolidate or pay off other debt you may have. A VA cash-out refinance can go up to 100% in some cases. Please reach out to one of our loan officers, and they will show you how this works for you.

HSTM thanks you and your family for your service to our country.


Frequently Asked Questions about VA Loans

Who could be eligible for a VA loan?

91 days or more continuous days of active duty service (after basic training)

Call for other potential eligible individuals (National Guard, Reserves, surviving spouse)

Can I have more than one VA home loan at a time?

Yes, depending on your available entitlement! Reach out to our loan officers to determine exact eligibility remaining.

Is a down payment required on a VA loan?

No, as long as you have full entitlement.

Please remember that you could be required to write an earnest money deposit check which would go towards your closing costs, or would be refunded to you if the seller would pay for all of your closing costs.

Why should I consider a VA home loan?
  • No down payment required in most cases
  • No loan limit with full entitlement
  • Competitive terms and interest rates
  • No private mortgage insurance
  • Loan can be assumed with borrower qualification
What is the most you can negotiate for a seller to contribute to a Veteran’s closing costs?

All allowable closing costs plus 4%. Must be negotiated with seller.

Is there a maximum to the size of a VA-backed mortgage?

There are no loan limits if one has full entitlement.

Does the VA loan have monthly private mortgage insurance (PMI)?

No! The VA charges a one-time upfront funding fee. If you receive 10% or more disability, the funding fee is waived!

Home Savings & Trust Mortgage

3701 Pender Dr. STE 150, Fairfax, VA 22030

911 Paverstone Dr. Unit A, Raleigh, NC 27615

2010 South Tryon St. STE D, Charlotte, NC 28203




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