A VA loan is a mortgage loan guaranteed by the Veterans Administration. It was created in 1944 and signed into law by President Franklin D. Roosevelt. A VA loan provides veterans and/or their surviving spouses with a federally guaranteed home with zero down payment. The program, also referred to as the GI Bill, has been highly successful and has helped millions of American veterans and their families acquire a home.

Advantages:

  • No down payment
  • VA does not require private mortgage insurance premium
  • Limit on the amount of origination fees and closing costs that the lend can charge
  • Limit placed on appraisal fees

Features:

  • Borrower must have a Certificate of Eligibility (COE) from the VA
  • Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length
  • Closing costs may be paid by the lender and/or the seller
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Made My House-Buying Experience Great

I used Derek and his company when I purchased a condo on the Las Vegas strip. Everyone said that banks were giving a hard time for people looking for a loan for this building. However, Derek personally called me and walked me through the process, and assured me that I would be able to get the loan. Within 30 days, we not only got the loan but closed escrow. I highly recommend Derek and his team!

Pathjoel from 89158

We are loyal to Derek Parent and his team

Derek is always a pleasure to work with. I’ve known him for several years now and anyone that I know of that is looking to purchase a property I always refer them to Derek. He takes the time to answer questions and really cares about his clients. It’s nice that he stayed in touch with us long after we’ve purchased our properties going through him and his team.

highrisecondoinvestor from 89109

Great Experience, Always on Top of Things, Great Communication

They were always responsive to my needs and allowed for a smooth process. All of the processing took place in a timely manor and there were no hold ups on their end. I would highly recommend this group to anyone in need of a mortgage.

matt kinzer09 from 89128