You may be eligible for a VA Loan if
Advantages of VA Loans
Of the 20+ million active duty service members and veterans with mortgages, a 2014 report shows less than 12% are utilizing their VA mortgage benefit*.
*According to a 2014 report on Department of Veterans Affairs loan guarantee data.
VA Loans vs. Conventional Loans
VA Loans are mortgages from approved lenders - like Mutual of Omaha Mortgage - with a federal guaranty. More than 20 million veterans and their families have benefited from VA loans for more than 70 years. Mutual of Omaha Mortgage's mission is to increase that number exponentially, as we believe that too few qualified veterans and active-duty service members use their VA home loan benefits. It is our civic duty to find a home loan veterans can afford, and to help them achieve their goals of home ownership.
Regulations and Fees
While the VA Loan is a federal program, the government generally does not make direct loans to veterans. Private lenders, including Mutual of Omaha Mortgage, finance the loan while the Department of Veterans Affairs offers a guaranty. This guaranty provides incentive for private lenders to offer loans with better terms.
In the past, loan limits for VA loans were determined based on the county the Orion Talent client is buying in. Because of a regulation change, there is no longer a limit on the size of a VA loan as long as this is the only VA loan that the Orion Talent client has. Mutual of Omaha Mortgage offers VA loans up to $2,000,000. This means that the eligible Orion Talent client can buy a home at any amount with no down payment required. There are some restrictions, please contact Mutual of Omaha Mortgage for more details.
Mutual of Omaha Mortgage is offering exclusive benefits through its partnership with Orion.
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