Are you a veteran, active-duty service member, or eligible surviving spouse looking to buy a home in New Jersey? At Cornerstone Mortgage, we specialize in VA loans, offering low-interest rates, zero down payments, and expert guidance to make your homeownership dreams a reality. Our dedicated team will support you throughout the process, ensuring a smooth and stress-free experience with competitive VA home loan rates.
A VA loan is a government-backed mortgage program supported by the U.S. Department of Veterans Affairs (VA). It is designed to help eligible veterans, active-duty service members, and surviving spouses purchase homes with 100% financing, no down payment, and lower interest rates. The VA insures the loan, reducing risk for lenders and allowing them to provide better VA loan rates to borrowers.
VA loans are an excellent option for qualifying military families looking for affordable home financing in New Jersey.
VA loans offer 100% financing, meaning you can purchase a home without the need for a down payment.
Because VA loans are backed by the government, they often come with lower VA home loan rates compared to conventional mortgages.
Unlike conventional loans, VA loans do not require private mortgage insurance (PMI), helping to keep your monthly payments lower.
VA loans typically have more lenient credit score and income requirements, making it easier for veterans and military families to qualify.
At Cornerstone Mortgage, we specialize in working with veterans and military families, guiding you through every step of the process with personalized care and securing the best VA loan rates available.
With 100% financing, VA loans allow you to buy a home without needing a down payment.
VA loans often feature lower interest rates, which can save you thousands of dollars over the life of the loan.
VA loans do not require private mortgage insurance, further reducing your monthly costs.
Designed to accommodate the unique financial situations of military personnel and their families, VA loans offer more lenient credit and income requirements.
VA loans typically offer lower closing costs, and sellers are often allowed to cover some or all of them.
To be eligible for a VA loan, you must meet one of the following criteria:
Served 181 days during peacetime or 90 days during wartime.
Served in the National Guard or Reserves for at least six years.
Be the spouse of a service member who was killed or is missing in action. Additionally, you must have a Certificate of Eligibility (COE), meet minimum credit score requirements, and plan to occupy the property as your primary residence.
At Cornerstone Mortgage, we’ll help you determine your eligibility and guide you through the process of securing a VA home loan for your home purchase.
Buy a home with zero down payment and take advantage of low VA home loan rates.
Refinance your existing VA loan to secure a lower interest rate or better terms.
Access your home’s equity by refinancing your current mortgage with a VA Cash-Out Refinance Loan.
Are you ready to take the next step toward homeownership with a VA loan in New Jersey? At Cornerstone Mortgage, we are committed to serving veterans, active-duty service members, and their families. Whether you’re looking to purchase a home or refinance your current loan, we’re here to help you every step of the way. We serve clients across Warren, Bernardsville, Madison, Mendham, Morristown, Basking Ridge, Bernards, Chester, Peapack-Gladstone, Bedminster, and beyond
Contact us today to explore your VA loan options and begin your journey to homeownership with competitive VA home loan rates.
A VA home loan is a mortgage program backed by the United States Department of Veterans Affairs (VA) that offers veterans, active-duty service members, and eligible surviving spouses the opportunity to purchase homes with no down payment and competitive VA loan rates.
To qualify for a VA loan, you need a valid Certificate of Eligibility (COE) and must meet the service requirements outlined by the VA. Additionally, you must meet specific credit, income, and occupancy guidelines.
VA loans offer numerous benefits, including no down payment, lower VA home loan rates, no PMI, and more lenient credit score requirements..
Yes, you can refinance a VA loan with either a VA Interest Rate Reduction Refinance Loan (IRRRL) or a VA Cash-Out Refinance Loan.
Yes, VA loans typically require a one-time funding fee that varies based on factors such as your down payment amount and your service status. This fee can be financed into the loan or paid at closing.
