A VA Home Loan is a mortgage that is offered to qualifying Veterans that has zero down payment required. That's right! No down payment is required on a VA Home Loan! If you are  Active Duty or a US Veteran and have met the minimum active duty service requirements and did not receive a dishonorable discharge, you may be able to get a COE or Certificate Of Eligibility, which will allow you to apply for a VA Home Loan. Besides the spectacular benefits of no down payment, VA Loans have lower interest rates than most residential mortgage loans, and Veterans are prohibited from paying certain fees like brokerage fees and commissions which protects VA Home buyers from paying excessive closing costs on their mortgage loan.  

If you need help determining if you are eligible, we can easily help you; just call us at  702-800-4664. Also, if you are just starting the process of realizing homeownership is right for you and you want to understand your eligibility before speaking with us, here is a link to the VA website that has the exact eligibility requirements and links to get you COE or Certificate of Eligibility right here 

 https://www.va.gov/housing-assistance/home-loans/eligibility/

LOAN LIMIT -

If you are active-duty military or a Veteran and you have full entitlement, you do not have  VA Home Loan Limit! That's right, as of 2021, qualifying VA Home buyers have no loan limit set by the VA, which means that buying your dream home is not only possible, it's possible with zero down payment. You still have to qualify for the loan amount you are requesting, which means your lender will need to verify your income, tax returns, credit, and ability to pay back your VA Home loan. As long as you meet the lender's requirements for the loan amount you desire, the VA will guarantee your loan for up to 25% of the loan amount in case of a default. This means there will be no additional mortgage insurance paid by the borrower, which is the case with FHA Loans.

VA loans require that homes be inspected for termites and appraised prior to closing. There are conditions that are set by the VA that the property has to meet, which helps to protect our Veteran buyers. Once you decide to get pre-qualified or once you find a house you want to submit an offer on, the loan process starts. Your loan officer will begin by pulling your credit report and collecting pay stubs, bank statements, and taxes. An underwriter will then start verifying all the documentation you submitted and ordering the home appraisal. The process takes roughly the same time as a conventional mortgage from start to finish.

Are you active military or a veteran looking to buy a house but don't want to put any money down?

 A VA Home Loan is the perfect solution for you! You can get a residential mortgage with no down payment and low-interest rates. Plus, if you are Active Duty or a US Veteran who has met the minimum active duty service requirements and did not receive a dishonorable discharge, you may be eligible for a COE, which will allow you to apply for this loan. It's time to find your dream home without breaking the bank!

 Click here now to call us at 702-800-4664 or fill out our contact quick form so we can help make your dreams come true today. We'll take care of all the paperwork so that it's easy for you. Let us do all the hard work while you enjoy life in your new home!

PIF Lending

4155 s Buffalo Drive #101

Las Vegas,NV 89147

702-800-4664

https://payitforwardlending.com

On a VA Home Loan, there is no down payment requirement and approximately 90% of all VA Loans close with no down payment from the VA Borrower. The VA backs these home loans and guarantees your lender that they will them up to 25% of the loan amount if the VA Buyer defaults on their loan. This not only allows the Veteran to buy a home with no money down, but it also makes it so that no additional mortgage insurance is required to be paid by the VA Mortgage Borrower! You still have the option to put as much money down on a VA Home Loan as you would like; putting 5% or more down on your VA Loan lowers your one-time VA Funding fee that is required on most VA Home Loans.

Have you been looking for a VA loan but don't have a lot of money for a down payment?

PIF Lending is the best place to go if you're looking for a VA home loan. There is no down payment requirement, and the VA guarantees your lender up to 25% of the loan amount if you default on your mortgage. It's an easy, fast process that will get you into your new home in no time!

Fill out the form on this page or call us 

at 702-800-4664 for a free consultation with one of our VA Home Loan experts! You'll be able to find out more about what it takes to qualify for a VA Home Loan as well as how much money you can save by getting one. Plus, there are never any hidden fees or costs associated with applying through us, so don't wait another minute to apply!

Apply today and see just how easy it is to buy a home without any money down using PIF Lending's VA Home Loans!

On VA Home Loans, the VA, which insures all VA Home Loans, does not have a minimum credit score requirement; however, most lenders do have a minimum credit score required to qualify for a home loan. At PIF Lending, the credit score we require for a VA Home Loan is 580.  We are known to be the best VA loan lenders for bad credit in Nevada! That's right, even if your credit score is not the best, we can still help you get a VA Loan. Many people find it tough to get bad credit loans las vegas, we understand!  We are more than happy to help you get your credit score on track if you do not meet this requirement or if we see that your score can be improved. We automatically give all PIF Borrowers a credit road map that will help you understand exactly what to do and what not to do in order to raise your credit score as high as it can be. We also have credit resources for you right here on our

website. Check out our credit tips on military home loans bad credit---> Credit Tips/Resources

The VA Funding Fee is a one-time fee paid by most VA Borrowers and we will list the exceptions below. This fee helps keep interest rates low and the VA Loan program funded since there is no mortgage insurance on VA backed loans. This one time VA Funding Fee can be financed into the loan, paid upfront by the VA borrower or paid upfront by the seller.  If you are using your VA Home Loan benefits for the first time and you are putting less than 5% down your VA funding fee will be 2.3% of the loan amount. If you are a first-use VA Borrower and you are putting 5% or more down your VA Funding Fee will be 1.65% of the loan amount. If you are a first-use VA Borrower and you choose to put down 10% or more your VA Funding Fee will be 1.4% of the loan amount. 

After your first use of your VA Home Loan benefits, your VA Funding fee increases just a bit if you choose the zero down payment option, but it stays the same for VA borrowers who choose to put money down on their VA Home Loan. After your first use, your VA Funding fee is 3.6% with less than 5% down, 1.65% with 5% down, and 1.4% with 10% or more down. 

There are some exceptions where a VA Borrower will not be required to pay the VA Funding fee, and those are...

-Active Status Service members who have received a Purple Heart

-A veteran receiving VA compensation for a service-connected disability

-Service member or Veteran with a memorandum or proposed memorandum rating saying the service member is eligible to be compensated due to a pre-discharge claim

-A service member who is eligible to receive service-connected disability compensation from the VA but is receiving active duty pay or retirement instead

-If you are the surviving spouse of a Veteran  who was totally disabled and you are receiving Dependency and Indemnity Compensation DIC or if your spouse died in service or because of a service-connected disability

When you apply for a VA Home loan through us here at PIF Lending or any mortgage lender you need what's called a COE or Certificate of eligibility, also referred to as Form 26-1880. A COE is a form that the Department of Veteran Affairs provides that lets your lender know that you are eligible for a VA Loan. 

 If you meet the following requirements, you should be able to get your Certificate of eligibility VA Loan.

-90 days during wartime

-served at least 181 days during peacetime 

-if you are the surviving spouse of a service member who died in the line of service

-6 years of credible service in the National Guard or reserves.

You must have a COE in order to get a VA Loan; this form has what's called an entitlement code that will tell lenders about your military service if you are required to pay the VA Funding Fee and your eligibility status for a VA Home Loan. 

We can help you with your Certificate of Eligibility, and if you would like a copy of the document to get a head start, you can download it right here. If you have any questions, give us a call. We are expert VA Lenders, and we absolutely love helping our Veterans and Active military get their VA Home loan benefits. 

Download the COE here----> VA Form 26-1880

Or get the form right on the VA website by clicking this link ----->VA Website COE Form 

 Are you looking for a VA Mortgage?

PIF Lending is the best choice for your VA mortgage needs. We are Mortgage Brokers, not regular lenders or bankers. This means we don’t charge any fees upfront, and our rates are lower than most lenders because of federal regulation caps on how much we can make from each loan. You won’t find another company like us in Las Vegas, Nevada!

Our Loan brokers will help you get the best possible rate with no hidden fees so that you know exactly what to expect when it comes time to sign up for your new home loan. We have an A+ rating with the Better Business Bureau <--- (which you can verify right here) and thousands of satisfied customers who recommend us as their go-to source for mortgages in Las Vegas Nevada!

You may be eligible for a Certificate of Eligibility VA Loan (COE) if you are the surviving spouse of a service member who died in the line of duty or if you served at least 181 days during peacetime. If your military service was less than 90 days during wartime, then you will not qualify for this certificate. 

If any of these apply to you, then we can help! We're experts in getting people their COEs and ensuring they have all the information they need to make an informed decision about their next home purchase.

Our team is here to answer any questions that come up throughout your process - from how much it costs to what kind of mortgage rates there are available on today's market. We'll walk with you every step of the way so that when it comes time for closing day, everything goes smoothly and without incident.  We want nothing more than for our customers to feel confident in their decisions and know that they've made the right choice by choosing PIF Lending as their lender!  So don't hesitate - give us a call today! And remember - we offer free consultations too! So don't wait until tomorrow before contacting us.

Get started today by filling out our form on this page, or just call us at 702-800-4664

On a VA Home Loan, your debt to income ratio must be no more than 60%. Your debt to income ratio is a calculation that's made by taking into consideration your total monthly debt payments divided by your total monthly income before taxes. Your debt is made up of things like student loans, car payments, installment loans, and credit card payments. It's always a good idea to pay off as much of your debt as possible so that you qualify for your VA Mortgage more easily. This will also help you to maximize your credit score. 

Call us at PIF Lending, the best mortgage company in Vegas or fill out our contact form with some basic information and let us know how soon you plan to look for a home. We will contact you to set up a convenient appointment time to help you start the VA loan process for your new home purchase, or to refinance your current home.

YES!!  You can use your VA Loan benefits as many times as you want.  If you use your VA Loan and sell the home or pay off your loan in full you can use your VA Loan benefits to purchase another home. You may also be able to own 2 homes at the same time, both purchased with a VA Loan depending on the circumstances. For example, if you purchased a home with a VA Loan and fully intended to live there as your primary residence and have paid off your VA Loan and later got transferred to a different part of the country if you have entitlement left, you could potentially purchase a new home in the new city with your VA Home Loan Benefits, but you can only do this particular example one time. Please call us to discuss this. 

It all depends on when you had the bankruptcy or forclosure and if the foreclosure happened on a home that you financed with your VA Home loan benefits previously. If you filed a Chapter 7 Bankruptcy, most lenders will require a 2-year wait to get another VA Loan. If your BK was a Chapter 13, you might be able to get a VA home loan as soon as 12 months after the filling date. There's a major difference in VA vs Conventional loans which is that on a VA Loan the cooling-off period after a Chapter 13 Bankruptcy is 12 months from the FILLING date, NOT the discharge date!