The VA loan is a unique and powerful 0% down payment mortgage option offered by Customers Bank to the military. VA loans are available to Veterans, Service Members and select military spouses. The VA loan makes homeownership possible by eliminating traditional up-front costs and increasing purchasing power. The VA loan also provides the military with an affordable refinancing tool to take advantage of a lower rate or to cash out equity. VA loans are guaranteed by the U.S. Department of Veterans Affairs (VA).
Features and Benefits
- Minimum credit score of 620
- 0% down payment
- Maximum loan limit is $484,350 for most counties and up to $726,525 in certain high cost housing markets
- Affordable Funding Fee based on down-payment, nature of service, if the borrower has used the benefit before
- Free qualification and personalized service
- Competitive rates on fixed and adjustable loans
- Local decision making with fast approvals
- Friendly, federally licensed mortgage consultants
- Available in: PA, NY, NJ, CT, DC, DE, MA, RI and VA
Ready to get started? Contact one of our mortgage professionals who will help find the right loan for you.