Welcome Home Vietnam Veterans Celebration
To honor Vietnam veterans, who often did not receive a hero’s welcome when returning home, Jimmy Vercellino and his team are recreating the welcome home experience they deserved.
Arizona VA Loan Specialist
Serving Veterans NATIONWIDE.
My Mission - To provide and assist all veterans and active duty military with ALL of their VA Home Loan Financing Needs!
- Get a VA Loan.
- I am here to help you achieve home ownership.
- Call Me At 602-908-5849.
VIDEO: Jimmy Vercellino talks about VA loans on Good Morning Arizona.
- VA Loan misconceptions.
- Upcoming legislation changes to VA Loans.
- Why it's important to speak with a VA Loans Specialist.
Frequently Asked Questions
What is a VA Home Loan?
VA guaranteed loans are made by private lenders, such as banks, savings & loans, or mortgage companies to eligible veterans for the purchase of a home which must be for their own personal occupancy. The guaranty means the lender is protected against loss if you or a later owner fail to repay the loan. The guaranty replaces the protection the lender normally receives by requiring a down payment.
Learn MoreWhat Types of VA Loans Are Available?
Whether you are looking for a first mortgage, adding a second mortgage or trying to refinance an existing mortgage, it is helpful to understand more about the general loan classifications and types of VA loans available to you. Mortgage loans are categorized as either fixed rate mortgages (FRM), adjustable rate mortgages (ARM) or some combination (hybrid) of the two.
Learn MoreCan I Refinance a VA Loan?
Some worry that refinancing takes too much time and money, but fortunately the process is simple. Refinancing is simply the process of paying of your existing loan with a new one. Your new loan could be for a better interest rate, a shorter/longer term, or a different amount. In fact, your new loan could be an entirely different type. For example, instead of an adjustable-rate mortgage you could opt for a fixed-rate mortgage.
Learn More6 Simple Steps
How Do I Obtain a VA Home Loan?
1 - Select a Home
You select a Home and discuss the purchase with the seller or selling agent. Sign a purchase contract conditioned on approval of your VA home loan
2 - Select a lender
You select a lender and present them with your Certificate of Eligibility and complete a loan application
3 - Credit Report & Appraisal
The lender will develop all credit and income information. They will also request VA to assign a licensed appraiser to determine the reasonable value for the property. A Certificate of Reasonable Value will be issued. Note: You may be required to pay for the credit report and appraisal unless the seller agrees to pay.
4 - Approval
The lender will let you know the decision on the loan. You should be approved if the established value and your credit and income are acceptable
5 - Closing
You (and spouse) attend the loan closing. The lender or closing attorney will explain the loan terms and requirements as well as where and how to make the monthly payments. Sign the note, mortgage, and other related papers.
6 - Done
The loan is sent to VA for guaranty. Your Certificate of Eligibility is annotated to reflect the use of entitlement and returned to you.
Recent Blog Posts
Long-Term Considerations When Buying a Home
A house is a long-term investment that pays off over time.
Your home purchase needs to allow you to create an environment where you are comfortable for years to come.
Practical Tips on Getting Approved for a VA Home Loan
Below are some tips to help you get started with a VA home loan. Working with a loan specialist is your best bet for getting approved.
Smart Ways to Use a Home Equity Loan
Applying for a home equity loan is an option that can help you cover the cost of repairs. These are a few of the smartest ways to use a home equity loan to your advantage.
Understanding VA Lender Overlays
Understanding how to meet these additional guidelines helps you to make a plan that demonstrates that you are an ideal candidate for receiving a home loan.
Benefits of VA Loans for Surviving Spouses
While the loss is difficult for families, the U.S. government does provide benefits, such as VA loans for surviving spouses, that can help you to move forward with your life.