VA LOAN
Since VA loans often require no down payment* with lower closing costs, you can help keep your savings secure.
VA Loan Highlights
- No prepayment penalties
- No private mortgage insurance (PMI)
- 100% financing with full VA entitlement*
- Fixed- and adjustable-rate mortgages
- VA financing fees can be “rolled” into the loan amount
- Variety of eligible property types, including townhomes and VA-approved condos
If you’re a military veteran or still in active service, you may qualify for a VA loan.* These mortgages often require little to no down payment with lower closing costs, which can help keep your savings secure.
FICTION: You can only use VA entitlement once.
FACT: You can use VA entitlement multiple times and can even have more than one VA loan at a time, under certain conditions.
FICTION: VA loans take too long.
FACT: Fairway Independent Mortgage Corporation may be able to process and close your loan in 21 business days.
FICTION: You can’t get a VA loan when deployed.
FACT: If your spouse occupies the home, you may purchase a primary residence while still serving overseas