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VA Loans


VA (Veterans Administration) LOANS


What is a VA Loan?

VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. VA provides a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy. VA Home Loans are provided by private lenders, such as banks and mortgage companies approved by VA like Fidelity Direct Mortgage, LLC (FDM). VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. VA Loans are one of the best loan programs available.

What are VA Loan Requirement?

VA Loans require certificate of eligibility (COE)
A COE is a document that shows your mortgage lender that you’re eligible for a VA home loan. To get a COE, you need to demonstrate proof of service. The proof you need to submit varies based on whether you’re an active-duty military member, a veteran, a surviving spouse or otherwise qualify for a VA loan. With your DD214, FDM team members can help you get the COE.

Benefits of a VA Mortgage Loan?

  • No downpayment required in most cases

  • Competitively low interest rates

  • Limited closing costs

  • No need for Private Mortgage Insurance (PMI)

  • The VA home loan is a lifetime benefit

  • FDM does not have a DTI (Debt to Income Ratio) Cap on VA Loans, residual income requirements must be met.

  • FDM offers VA Loans upto $10 million in loan amount.


The above description is very basic and does not cover all the details.  Every loan product has fine nuances, exceptions, exclusions and inclusions. To find out which loan product fits you best you should consult a Morgage Loan professional for tailoring your loan to your needs and your situation.  FDM is qualified for all these loan products and more, including grants and other unique products.

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NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829

No FDM Borrower Left Behind!

 

438 North Frederick Avenue, Suite 315, Gaithersburg, MD 20877

Direct:  (301) 869-6000 | (866) 527-8052  |  contact@fdmhome.com

NMLS     |     FAIR LENDER     |     FAIR HOUSING   |   CAREERS

Copyright © 2019 Fidelity Direct Mortgage LLC

Fidelity Direct Mortgage LLC NMLS #188829
NMLS#: 188829  |  http://www.nmlsconsumeraccess.org
DE License 020884 | DC License MLB188829 | FL License MLD1397 | MD License 188829 | Licensed by NJ Dept. of Banking | PA License 52469 | VA License MC-3879 | WV Broker License MB-35882 | WV Lender License ML-35797 | Licensed by the Virginia State Corporation Commission | NC License L-189983 | SC License MLS - 188829