New Jersey VA Mortgage Loans
Backed by the Veterans Administration with insurance on the loan against default, VA mortgage loans are one of the only home loans available with 100% financing. Designed for military and veteran families only, a VA mortgage loan is an optimal choice for those who qualify.
Because a VA mortgage loan is insured against default, it provides lenders with the opportunity to provide lower mortgage interest rates than most conventional mortgages. A VA home loan also gives the opportunity to reduce closing costs and there is no prepayment penalty.
New Jersey VA Mortgage Qualifications
In order to be qualified for a New Jersey VA home mortgage loan, you must be a veteran or military personal that has either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action. Other qualifications such as credit score, income, and debt to income ratio varies for each borrower.
New Jersey VA Mortgage Lenders
Cornerstone Mortgage Group is your local NJ lender offering VA mortgage loans. It’s easy to find out if you qualify for a VA mortgage loan in New Jersey. Simply fill out the “Get a Quick Quote” form towards the top of the page and one of our knowledgeable VA mortgage experts will contact you as soon as possible.