VA Loan Willmington North Carolina
How Does A VA Home Loan Work in Willmington North Carolina?
We pride ourselves on being the #1 VA Loan lender in Willmington North Carolina. We have gained our reputation as the nations #1 VA Loan lender because we know how critical each day is in the competitive Willmington North Carolina real estate market. We are serving all of Willmington North Carolina zip-codes including zip code 28401, 28402, 28403, 28404, 28405, 28406, 28409, 28412 and throughout North Carolina, Florida and 47 other US states.
The VA Loan are 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.
VA Home Loan Willmington North Carolina
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What Is A VA Loan?
A VA loan 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.
What are the VA Home Loan Requirements?
To get a VA loan in Willmington North Carolina, 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 Willmington, 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 that we provide
- 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.
Loans Custom Built for Real Estate Investors
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 Willmington 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 Willmington North Carolina
Introduction to Willmington, North Carolina
Wilmington is a port city in North Carolina. It’s known as a gateway to Cape Fear Coast beaches like Wrightsville, with its strong surf, and Carolina, with its long boardwalk. Part of downtown’s Historic District, the Riverwalk is lined with restaurants, galleries and shops. It runs along the Cape Fear River, where the Battleship North Carolina is moored. Artifacts on the ship explore WWII naval combat history. Wilmington is in New Hanover County and is one of the best places to live in North Carolina. In Wilmington there are a lot of restaurants, coffee shops, and parks. Many young professionals live in Wilmington and residents tend to have moderate political views. The public schools in Wilmington are highly rated.
- Battleship North Carolina – Museum on a WWII battleship
- Airlie Gardens – Massive gardens with flowers & lakes
- Cameron Art Museum – Modern & historic works on display
- Cape Fear Museum of History and Science – Regional historic & scientific exhibits
- Bellamy Mansion Museum – House, garden & slave quarters tours
- North Carolina Aquarium at Fort Fisher – Exhibits & programs on area marine life
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