VA Loan Frederick

VA Loan Frederick Benefits:

* No Money Down!
* No Private Mortgage Insurance (PMI)
* Competitive Interest Rates
* Relaxed Credit Requirements
* Closing Cost Benefits
* Lifetime Benefits



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What are the VA Home Loan Frederick Maryland Requirements?

To get a VA loan in Frederick Maryland, you must be military personnel and meet the VA’s specific service needs. For you to be eligible, you must fall in any of the following three categories:

  • You are an active-duty service member or an honorably discharged veteran who has 90 consecutive days of active service during wartime or 181 days of active service during peacetime.
  • You have served more than six years in the National Guard or the Selected Reserve.
  • You are the spouse of a service member who died in the line of duty.

When applying for a VA loan in Frederick, you need to get a Certificate of Eligibility “COE” or you can provide us with your DD-214 and we will order your COE for you. The COE lets us, the lender know what you qualify for. 

Key benefits of VA Home Loan Maryland From

  • Eligible homebuyers are not required to have a down payment in most cases – typically cited as the greatest benefit of a VA Home Loan
  • No monthly mortgage insurance premiums or PMI to pay.
  • Lower average interest rates than other loan types.
  • No prepayment penalties.
  • Limitation on buyers’ closing costs.

VA Loan Benefits That Matter

This historic benefit program has helped millions of Veterans, service members and military families achieve the dream of homeownership. As a result, VA loan use has soared since the Great Recession, and these government-backed loans are arguably one of the best mortgage products on the market today.

No Down Payment
By far, the single-largest benefit of the VA loan is that qualified Veterans can purchase without a down payment. This huge advantage allows Veterans and service members to buy homes without having to spend years saving for that typical lump-sum payment.
No Private Mortgage Insurance
Private mortgage insurance (PMI) is insurance that protects lenders in case of a borrower default. Many conventional lenders require borrowers to pay private monthly mortgage insurance unless they can put down at least 20 percent, which is challenging for many Veterans. Conventional borrowers will need to pay this monthly fee until they build 20 percent equity in the home.

Relaxed Credit Requirements

Since the Department of Veterans Affairs only oversees the loan program and does not issue loans, the agency does not set or enforce credit score minimums.

Lifetime Benefit
One of the most common misconceptions about the VA mortgage program is that it’s a one-time benefit.

Veterans who qualify for a VA loan can use this program over and over again, and the benefit never expires. Unlike what you may have heard, you don’t necessarily have to pay back your VA loan in full to use your benefit again.

VA Loan Frederick Closing Costs

All mortgages come with fees and closing costs, but the VA actually limits what Veterans can be charged when it comes to these expenses. In fact, some costs and fees must be covered by other parties in the transaction. These safeguards help make homeownership affordable for qualified homebuyers.

VA borrowers can ask a seller to pay all of their loan-related closing costs and up to 4 percent in concessions, which can cover things like prepaid taxes and insurance, paying off collections and judgments and more.

Competitive Interest Rates 

Here’s another big way the VA loan program saves Veterans money: Having the lowest average fixed rates on the market.  VA loans have had the lowest average 30-year fixed rate on the market for the last six years, according to data from ICE Mortgage Technology.  VA interest rates are typically 0.5 to 1 percent lower than conventional interest rates. Lower rates help Veterans save every month and over the life of their loan.

VA Loan Frederick Maryland

A VA loan Frederick is a home loan offered by private lenders and guaranteed by the U.S department of veterans’ affairs. It enables U.S veterans, the active-duty service members, widowed service members’ spouses Veterans and national guard to buy a home. 

VA loans were introduced as part of the GI Bill in 1944 to help the veterans, and they have become popular over time. In early 2019, 8% of homes were acquired using a VA loan. This loan type has become increasingly popular because it is easy to qualify with no down payment required and low closing costs.

How Does A VA Home Frederick Maryland Loan Work?

We pride ourselves on being the #1 VA Loan lender in Frederick Maryland. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Frederick Maryland real estate market. We are serving all of Frederick Maryland zip-codes including zip code 21701, 21702, 21703, 21704, 21705, 21706, 21707, 21708, 21709 and throughout Maryland, Florida and 47 other US states.

The VA Loan Frederick is easy to get since the banks assume less risk than conventional loans. This means that the U.S department of veteran affairs undertakes to repay a part of the loan to the lender if you are unable to make payments or if you face foreclosure.

Loans Custom Built for Real Estate Investors

Whether you buy and hold, fix and flip, or build to rent, has the capital for your investment needs
The nations #1 Lender for Fix and Flip and Fix To Rent Investment Loans
Fix & Flip Loans 90% LTC and up to 100% of fix up costs.

Not just a Frederick VA Loan, we are offering the following loans as well:

Fix To Rent Home Loans

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 5yr, 7, 10 and 30 year terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $70,000 – $100 million

Fix To Flip Home Loans

    • 1-500+ properties

    • Single-family, 2-4 units, condos, townhomes, multifamily

    • 12 To 24 month terms

      • Up to 90% of cost

    • Up to 100% of rehab

    • Up to 75% of completed value

    • $100,000 – $100 million

Multi Family /
Commercial Real Estate

      • 1-50+ properties

      • Multifamily, condos, student housing, 
      • mixed use w/ majority residential

      • 12, 24 mo., 5,10,30,40 year terms

      • Up to 100% of cost

    • $1M – $50M

      • Bridge, Construction, Permanent, Refi.

About Frederick Maryland

Introduction to Frederick, Maryland

Frederick is a city in western Maryland. It’s home to the National Museum of Civil War Medicine, with immersive exhibits on battlefield medical care. The Schifferstadt Architectural Museum is a 1750s German colonial house with a heritage garden. Rose Hill Manor Park & Museums includes a manor house, a log cabin and a children’s museum. To the northwest, Gambrill State Park offers mountain trails and overlooks.

Frederick and Nearby Attractions
  • Monocacy National Battlefield – Historic Civil War site with trails
  • National Museum of Civil War Medicine – Exhibits on the treatment of soldiers
  • Gambrill State Park – Mountain area with 16 miles of trails
  • Adventure Park USA – Family fun center with rides & more
  • Downtown Frederick Partnership – Art
  • Walkersville Southern Railroad – Themed rides & dinners on vintage trains

Why to Live in Frederick?

Frederick is in Frederick County and is one of the best places to live in Maryland. In Frederick there are a lot of restaurants and parks. Many families and young professionals live in Frederick and residents tend to have moderate political views. The public schools in Frederick are highly rated.

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