Great News for our Veteran’s Home Loans effective October 1, 2011. The VA Funding Fee is dropping! If you are a Veteran and looking to purchase a home in the Houstonarea and throughout the great State of Texas, now is the time to buy!
Not only does a Veteran qualify for 100% mortgage financing with NO money down, effective October 1, 2011 the VA Funding Fee is dropping! Add to this that current interest rates are extremely favorable makes now the Time to Buy in Texas!
Currently, a first time Use of Entitlement for a Veteran on a purchase is 2.15% and will drop to 1.40%. The Subsequest Use of Entitlement is currently 3.3% and will drop to 2.8%.
If you are a Veteran and you are putting 5% down on a purchase, the first time Use of Entitlement is 1.5% but will be cut in half to 0.75%. The Subsequent Use will also be cut in half from current 1.5% to 0.75%.
If a Veteran is putting 10% down on a purchase, the first time Use of Entitlement along with the Subsequent Use of Entitlement is 1.25% and will drop to 0.50%!
This is great new for our U.S. Veterans. Fairway Mortgage in Houston is a VA approved residential mortgage Lender. We Underwrite and Fund all VA mortgage transactions to include both purchase and refinance residential mortgages.
Fairway Mortgage is also a proud sponsor of the Boot Campaign. We support our U.S. Troops and wounded warriors. The Motto of the Boot Campaign is “When they come back – We give back“! Get YOUR Boots on and please join in supporting our troops. Please visit the “link” to the Boot Campaign above. You will be glad you did!
If you are a Veteran looking to purchase a new home or refinance your existing home in the State of Texas and/or throughout the Houston area, please call the office of Fairway Mortgage at (713) 528-0333.