Schriever AFBVA Lender

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VA Lender
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Horizon Lending Group at Northpointe Bank
Horizon Lending Group at Northpointe Bank

Our mission is to serve and come alongside our clients by offering a clear, comfortable and financially competitive mortgage experience. We believe that our team offers a transparent and understandable mortgage process. We develop relationships with our clients so they feel comfortable and trust us to provide exceptional service from the beginning to the end of their loan process.

We can assist with home loans within all 50 US states, allowing you to take advantage of your VA loan benefits wherever you are located.

Please read reviews from past clients on our Zillow website.

THE COMPLETE GUIDE TO VA HOMELOANS

WHAT IS A VA LOAN?

The VA Loan is a federal loan offered to veterans, military members and qualified military spouses created to help families purchase or finance their home during the home buying process. It is a government-backed loan guaranteed by the U.S. Department of Veterans Affairs (VA). Each loan is issued by a qualified VA lender that determines the rates, terms and conditions of the loan based on VA rules and guidelines.

The VA Home Loan was created in 1944 by the United States government to help returning service members finance and purchase for their families without needing excellent credit or a down payment.

Due to the housing market crisis that happened between 2008 and 2012, traditional home loan lenders have made it more difficult to qualify for a home loan. VA Home Loans makes it easier for qualified service members to qualify for loan programs with very strict qualifications.

VA LOANS

$0 No Money Down 

Qualified borrowers can take advantage of a VA loan without putting down a down payment.

No PMI 

Federal Loans do not require Private Mortgage Insurance, reducing the overall costs associated with the loan.

Competitive Interest Rates 

Lenders have more freedom to offer lower interest rates to home buyers due to being backed by the federal government.

Less Requirements 

In general, you can qualify for a VA Loan with fewer requirements, making it easier to get approved.

TRADITIONAL MORTGAGES

Up to 20% Down

Qualified borrowers are required to put down a payment of up to 20%.

PMI (Insurance Required)

Private Mortgage Insurance is required for any home buyer that finances 80% or more of their home.

Higher Interest Rates

Without any government guarantees, interest rates are usually higher to compensate for additional risks.

Standard Qualification Procedures

All standard approval procedures must be followed which makes it more difficult for a homeowner to qualify for financing a home.