Skyview Lending Group: VA Mortgages

A VA Mortgage (Department of Veteran Affairs) offers loan programs to help service members, veterans, and their families buy homes. The VA does not originate nor service the loans instead, the VA sets the guidelines for loan qualification and guarantees the loan. VA loans are for enlisted service members and veterans.

Key Characteristics VA Mortgage Loans Include:

  1. Down Payment: There is NO down payment required for a VA Loan. Borrowers can use a down payment if desired. Entitlement Benefit needs to be verified.
  2. Credit Requirements: VA Loans have a flexible credit history and credit score requirements. Interest rates are impacted by credit score.
  3. Income to Debt Ratios: VA Loans have a more flexible guideline when it comes to how much home you can afford compared to conventional.
  4. Private Mortgage Insurance: There is NO PMI with a VA Loan. There is a Funding Fee that can be financed into the loan or paid at closing.
  5. Loan Limits: There is no loan limit for veterans, service members, and survivors with Full Entitlement for a VA Loan. Consult with your lender to understand Entitlement Benefits.
  6. Loan Terms: VA Loans typically have the following terms; 30 and 15 year. The 30 year term is the most common.

VA Loans offer flexibility in credit history, credit scores, income-to-debt ratios, job history, NO down payments, and NO PMI, making them a popular choice for veteran and service member homebuyers looking for more flexible options. Borrowers should carefully compare their options, including interest rates, loan terms, and costs before choosing a VA mortgage or exploring other financial alternatives.

What we offer

We offer a full range of lending options that provides lower fees and better rates.

Conventional Mortgages

A conventional mortgage is a home loan backed by federally created entities. Typically offered to borrowers with good credit and stable financial histories, these loans offer flexibility for homebuyers who meet the necessary credit and down payment criteria.
Conventional Loans

VA Loans

VA Mortgages from the Department of Veteran Affairs offer advantageous loan programs for service members, veterans, and their families, featuring flexible credit criteria, income-to-debt ratios, and no private mortgage insurance requirements.
VA Loans

FHA Loans

An FHA Mortgage, administered by the Federal Housing Authority and part of the US Department of Housing and Urban Development (HUD), provides flexible options and more lenient credit requirements, making it suitable for both first-time and non-first-time home buyers.
FHA Loans

USDA Loans

USDA Mortgages, provided by the United States Department of Agriculture, offer the option of no down payment, but they require more stringent credit criteria and have geographic eligibility areas. These loans are popular for homebuyers in eligible areas with established credit history, needing 100% financing.
Farm and Land services

Jumbo Loans

A jumbo loan is designed for high-value properties that exceed conforming loan limits. It offers larger loan amounts but requires stricter qualifications and comes with higher interest rates. Borrowers need substantial down payments and excellent credit. It's ideal for luxury home purchases but involves increased scrutiny and costs.
Jumbo Loans

Additional Options

SkyView Lending Group also offers financing for Non QM, Commercial, Multi Family, Farms, Investment Property, Construction Loans, Renovation Loans, Acquisition & Development and more.
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