Sarah Morard Va Loans You Have Served And Earned The Right For This VA Loan Advantage!  

By: Sarah Morard

I want to start by thanking all the men and women who served or are serving this country. It gives me great pleasure knowing that I can give back in a way that helps our Veterans not only own a home but also receive benefits that aren’t like any other. These individuals have fought for our country and sacrificed for our freedom. We are forever indebted to them.  

VA loans have benefits such as 100% financing, no monthly mortgage insurance, and lower interest rates! The VA loan program is insured by the Department of Veteran Affairs. Instead of mortgage insurance, there is a VA Funding Fee. This is an upfront fee that is typically rolled into the loan and doesn’t affect the amount of out of pocket cash needed to close. The funding fee is its highest when making no down payment and obtaining 100% financing. Making as little as a 5% down payment significantly reduces this fee. Making a 10% down payment reduces the fee even further.

Although there are indeed less up-front fees for a conventional mortgage than a VA mortgage, the interest rates for a VA mortgage are so much lower than a conventional mortgage. Most of the time a borrower can save significantly more money with a VA loan over the life of the loan. VA mortgages also allow borrowers to obtain more of their home’s equity with a cash-out refinance than a borrower otherwise could with an FHA or conventional mortgage.

We have full underwriting authority for VA loans at First Integrity Mortgage Services. We love serving members of our military and veterans. We’ve helped our heroes close on homes even as they’ve been deployed, via video conference! We also waive our standard commitment fee of $985 for veterans.

Whether you are looking to purchase or refinance a home, and regardless of how much down payment you are making or how much equity you have in your home, veterans should always give VA mortgages consideration when financing a home. After all, it’s an earned benefit. I find that VA mortgages almost always provide a valuable option.

If there are any questions regarding your eligibility for a VA Loan, I would be happy to request your Certificate of Eligibility from the Dept. of Veteran Affairs. I simply need a copy of your DD214 to get that started

We would love to earn your business! Check out our reviews on Google, visit our website at, and call First Integrity today at (314) 878-7900.

For any questions regarding this article, please contact Sarah Morard at 314-623-4922, or NMLS# 2009867.