- Available in a variety of fixed-rate and adjustable-rate loan options
- Buy a home with no down payment
- Provides financing for qualified veterans, reservists, active duty personnel, or eligible family members
The VA loan is geared specifically to help our veterans and military personnel obtain a mortgage and own a home. These loans feature relaxed credit standards and low down payment options.
- Available with a fixed or adjustable rate
- Allows closing costs to come from a gift or grant.
- Doesn’t require monthly mortgage insurance.
- You typically have to pay a one-time VA funding fee that can be financed into the loan amount.
- You can get financing for your primary residence only.
- No prepayment penalty. You may pay some or all of your loan balance in advance without a penalty. A Excell Financial lending expert can help you select the right loan and terms for your situation. Call a loan officer at (973) 964-0010.