VA Loans in El Paso
Rocky Mountain Mortgage Company is a professional mortgage lender with dedicated home lending services for military service members and military veterans. We have VA home loan consultants available to help you move into your new Texas home. Our team is dedicated to you and your family. We will work with you throughout the home buying process and ensure that you receive maximum government assistance with your VA home loan. If you are experiencing problems with your credit, need help finding a realtor, or have concerns about the home buying process, Rocky Mountain Mortgage Company can step in to help!
Who Can Qualify for VA Home Loans
In order to be granted a VA loan, you or your spouse must meet the basic service requirements established by the Department of Veterans Affairs, have a valid Certificate of Eligibility (COE), and meet one or more of the following criteria:
- Served 90 consecutive days of active service during wartime
- Served 181 consecutive days of active service during peacetime
- Six years of service in the National Guard or Reserves
- Surviving spouse of a service member who has died in the line of duty or as a result of a service-related disability
The Benefits of a VA Home Loan
Being granted a VA home loan is accompanied by benefits for all who are eligible and decide to apply. VA home loans do not require down payments, providing a guarantee of a no-money-down opportunity. These specialized loans also offer an advantage of no mortgage insurance requirements and low closing costs. Most mortgage applications are rather strict on who can apply, but with a VA home loan the eligibility criteria is much clearer and you know when you’ll be able to meet the minimal requirements. Also, having a no mortgage insurance requirement can help you save money upfront and over time. Most importantly, you will find that your credit and income will become much more flexible and manageable, making it easier for eligible borrowers to qualify. Rocky Mountain Mortgage Company can guarantee that these benefits will work in your favor.
What the VA Loan Application Entails
There are required documents that borrowers will need to provide in order to begin the application of a VA home loan. These documents regard both military service and personal income. The documents include but are not limited to:
- Veteran’s VA Certificate of Eligibility
- Past 2 years W2 statements
- Most recent LES or pay stubs
- Most recent bank statements
- Copy of DD214 (if the veteran has been discharged from his line of service)
Choose Rocky Mountain Mortgage Company to Apply for a VA Home Loan
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We have helped more than 20,000 El Paso families realize their dream of HOMEOWNERSHIP.
We have helped more than 20,000 El Paso families realize their dream of HOME OWNERSHIP.