VA Loans

The VA mortgage loans are one of the best and safest methods to use when buying a home. Now even active duty personnel can qualify. If you are a Disabled Veteran, you may qualify for additional benefits on a VA home mortgage loan. The VA Home Mortgage Program does not limit the number of times a veteran may use the program.

The VA mortgage loans extend to not only the Army, Navy, Air Force and Marines but also to Reservists and National Guardsmen.

The Veterans Benefit Act, signed recently increased the VA loan limit to $417,000 for a loan with no money down. It also increased the eligibility for Veterans and active duty personnel and increased the benefits to Disabled Veterans.

Some of the benefits of the VA Mortgage Loan Program are:

  • The VA Mortgage Loans is guaranteed for no money down up to $417,000
  • No monthly Home Owner’s Insurance is required
  • Many VA Mortgage Loans are assumable
  • It is easier to qualify for a VA Loan than a conventional loan
  • VA Mortgage Loans can be refinanced

No Money Down Up to $417,000

You do not have to put any money down to qualify for a VA Home Mortgage Loan for up to $417,000. If the seller agrees to pay the closing costs, you may be able to purchase the home with no out of pocket costs. The loan and sales contract can be set up so that the VA Home Mortgage Loan cover 100% of the selling price and the seller covers the closing cost.

The VA Funding Fee

The Veterans Administration assesses a Funding Fee to all VA loans between .5% and 3. In an FHA mortgage the customer must put at least 3.5% of the loan amount. The fee is added into the amount of the loan to be paid over the life of your VA home mortgage loan. The VA Funding Fee replaces the much higher priced Mortgage Insurance required when you get a conventional home loan. If you are a Disabled Veteran, you may qualify to get the fee waived completely.

Assumable VA Mortgage Loans

VA loans are also assumable. If the person assuming the mortgage is a veteran with VA eligibility, the original veteran will not be giving up the amount of eligibility that they used to get the loan at the beginning. Veterans should use great care and closely investigate the terms of an assumption before allowing someone to assume their mortgage. It is too great a benefit to give up.

Qualifying for a VA Mortgage Loan

The VA offers excellent qualifying standards. The VA does not use credit scoring in their analysis of the loan. Even if you have experienced some financial difficulties in your life that caused your scores to be low but have maintained a good payment record over the past year or so, you may qualify for a VA mortgage loan. This can be a tremendous savings compared to the cost of conventional loans when the borrower's credit scores are low.

VA Mortgage Loans may be refinanced

VA mortgage loans have built in features allowing a loan to be refinanced to a lower interest rate without all of the criteria normally associated with a conventional loan. This is called an Interest Rate Reduction Loan; the veteran can secure a lower interest rate without any credit checks, appraisal, and income or asset verification and can roll the costs of the transaction into the loan so there are no out of pocket costs.

 
 

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Testimonials

What People Are Saying
Kim treated me like family answered all of my questions. She helped me through the loan process and more. I can't thank her enough. Thank you Kim Lawson Sandy S.
 Kim was awesome! She answered all of my questions in a way I could understand, never made me feel like I was a bother and worked around my crazy schedule. This was my first home purchase and she made a very stressful process a lot easier to deal with. Jacob C.
Kim is the best. She worked hard for us. Answered everything and did great. She was always on the spot and or called back asap. Yes, I would recommend her to friends and family members. Brandon D
Kimberly Lawson was informative and helpful. I would highly recommend her services. I can't than her enough for being patient with us and so kind. She made our dream come true! The whole applying for a mortgage process is stressful and to be honest a little scary. Many people have no idea where to even start, like myself. I'm glad she responded to a question I had on Zillow. She has made this process stress free and easy! I highly recommend if you're shopping around for a lender or just have questions you get in touch with Kim Lawson. Necole R
Kimberly Lawson is the absolute best at what she does. My fiance and I were about to give up looking for a home and keep renting an apartment. July of 2014 we found her on a home selling website. Someone like me had left a huge review about how they had almost given up and she had gotten them a home loan so we called her up. September 26 last year she finalized our loan. We had went through every lender around with all the hoops in between, with Kim she simplifies everything and as long as you can hold up your end of the bargain you will not be disappointed! Thanks again Kim keep up the great work! P.S. we love the house!!! Tommy V
We are extremely satisfied with our experience. Our loan officer, Kimberly Lawson, was outstanding. She was on top of everything and worked really hard to make sure we were informed at each step of the process. She is so client focused and she really knows what’s she’s doing which resulted in us feeling confident about our loan. Thank you! Marsha R.

I had dealt with a few lenders and ended up walking away from the deal because of the running around the mortgage lender was making me do. Wasting my time and money way before I even closed on the house. So I had to go find a new lender and by chance came across Kim lawson, I decided to give her a try. She was very knowledgable on many different things, she was constantly keeping me updated and always making sure things were in my best interest. Most importantly she made things on my end very easy and never wasted my time. I am very grateful for her services and would recommend someone give her a try just as I did. William M. Jr 
 
Kim Lawson was absolutely amazing! She was able to make buying a home stress free. I am so glad I found her and will only use her in the future. I recommend her to anyone looking to buy a home; and already have. Matthew W.
Kim Lawson was amazing!!! I came in with low expectation because I had a low credit score and had been turned away by other lenders. She took us under her wing and guided us through the whole process. Long story short we have closed on our dream home and look forward to moving all thanks to Kim Lawson. Thank you so much! Mem S.
We appreciated everything you did. You worked very hard to serve us! You kept us informed at all times, even with the smallest detail. You returned all of my calls quickly and with the answer to my question. You did exceptinally well with everything! Thank you! Amanda S.
Ms. Lawson was very detailed oriented when explaining everything to me, which helped me understand all the paperwork needed to buy a house. I appreciated everything she helped me with and with all my frustrations associated with it. Kim was very professional and the service offered to me from her was well above what I expected. She is awesome at what she does and her employer is lucky to have her as an employee. Thanks Kim!!!! Wendy H.
Kimberly anticipated issues and attempted to resolve them while keeping me informed of all developments. You were especially good at keeping in frequent contact with me with specific information to help the process along. Regina K.
We appreciated how you explained each and every step from beginning to the end. It helped us to understand, being first time home-buyers. We definitely will recommend friends and family to you as soon as we hear they are looking to buy a home! Rhonda T.
 

Licensed by Ohio Division of Financial Institutions

MB.801981.000 NMLS: 248519

Ohio Loan Officer License:  LO.4495.000 NMLS:  5601

 

Kimberly Ann Lawson

Mortgage Loan Originator

Phone: 888-659-3848

Fax: 888-418-1950

www.yeskimmortgage.com

 

ACF Mortgage LLC

6111 Madison Rd

Cincinnati, OH 45227

T: 513-755-7650    F: 513-755-4477