Creekside Mortgage, Inc
4601 NE 77th Ave., Suite 100
Vancouver, WA 98662
Telephone: 360.571.5626 and 503.445.1038
FAX: 360 326.1580
As a company of Veterans, we understand your needs, and with more than 80 years of experience in the real estate business, we're ready to go to work for you. Our number one goal is to make your family our highest priority. We specialize in VA financing and look forward to helping you achieve your dream of homeownership. We understand that mortgages and military loans can sometimes be difficult to figure out, but don’t worry, our dedicated VA loan experts are here to help you every step of the way.
There are millions of Americans, who have served this county faithfully that qualify for a VA home loan, however many veterans are not aware that they qualify for these Veterans benefits. If you have ever been on active duty for at least 90 days then you may be qualified. Other Veterans are qualified, through the National Guard or Reserves with 6 years of service. There is no limit to the number of VA loans you can have, but you can only have one VA loan outstanding at a time.
The VA has recently increased their loan limits to $417,000 with a $0 down payment. The VA also allows the seller to pay all of your closing costs to include some personal debt. One of the biggest benefits of a VA loan currently, is the rates are typically ¼ less than the standard type conventional loan. It is to your advantage to use a VA loan even if you want to put money down. Veterans with 10% or more service connected disability can also take advantage of not having to pay any VA fees on their loan which may save thousands of dollars.
The majority of banks will often try to talk you, the veteran, out of doing a VA loan because of the perceived difficulty and the perceived extra paper work, both a misconception. They might try to put veterans into one loan at 100% or with a first and second called an 80/20 loan. But in all actuality with experienced professionals VA loans for the Veteran are made easy. The VA is very tolerant to credit issues, bankruptcies, and/or foreclosures comparable to most conventional loans. Usually the banks are not looking out for what is best for you but what is best for them.
The VA also offers a couple of different types of refinances. One on an existing VA loan called a “Streamline Refinance”. This type of refinance takes your current interest rate and lowers it (if available) with no out of pocket expense. The other type of VA refinance allows you to take up to 90% of what your house is worth to pay off your current loan, debts and receive the remainder in cash.
Thank you for serving!
Help is a simple phone call away.