VA Home Loans

VA Home Loan

VA Home Loans

VA home loans are a great option for qualified personnel who need help getting into a home. This program is especially appealing to first time home buyers.

VA home loans don’t have the same down payment requirements as other loan programs. VA home loan borrowers do not need large down payments and can avoid monthly insurance premiums and high interest rates. VA home loans make buying a home simple and affordable.

VA Home Loan Eligibility

Many eligible borrowers do not take advantage of the VA home loan system because they are not sure if they qualify or don’t know how to start the process. Most military members, veterans, reservists and National Guard members are eligible for a VA loan, as well as surviving spouses of military members who died on active duty or as a result of a service-related injury.

The length of your service or service commitment and/or duty status may determine your eligibility for specific home loan benefits. VA home loans are available for homes you plan to personally occupy.

Interest Rate Reduction Refinance Loan (IRRRL)

Already have a VA home loan? Need to refinance? The IRRRL is a “VA to VA” loan, meaning it can only be applied to refinance an existing VA loan. An IRRRL can be done only if you have already used your eligibility for a VA loan on the property you intend to refinance.

More Information on VA Home Loans

Contact a licensed Inlanta Mortgage loan officer near you to discuss VA home loan eligibility requirements and details. Click here to access our branch locator.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recipient of a 2012 Top Workplace Award and wasn’t recently named a Top 100 Mortgage Banking Company in America 2012.

USDA Rural Development Program Update

USDA Rural Development Program Update

What is USDA Rural Development?

The USDA Rural Development Loan Program is a program designed to make rural housing more affordable. USDA loan program eligibility depends upon applicant income and the purchase property location. With USDA Rural Development loans, you can finance a home with no down payment

USDA Program Eligibilty Extended

The U.S. Department of Agriculture announced last week that USDA Rural Development program has been extended until September 30, 2013.  Areas that were eligible for USDA financing (Single Family and Multi-Family Housing Programs) on September 30, 2012 will remain eligible until September 30, 2013.

Defining Rural

On October 1, 2012, the USDA was expected to revise its definition of “rural.” This revision would have made USDA rural development funding more restrictive. Eligibility would have been limited to communities with a population less than 20,000 not located within a MSA (metropolitan statistical area). Half the rural population in America lives within a MSA and would be ineligible for the USDA rural development loan program if this change had been implemented.

Communities in Wisconsin that could be affected if the change is implemented later this year include: Burlington, Hartford, Muskego, Port Washington, Portage, River Falls, Stoughton, Sussex, Vernon, and Waunakee. A very large number of Florida communities could be affected as well.

Need more information on the USDA rural development loan program? Consult a licensed mortgage loan professional near you.

One Inlanta Mortgage loan officer has been recognized among the nation’s Top Originators 2012 for her efforts to help borrowers with the USDA Rural Development Program. Laura Leonhard, branch manager in Marshfield, Wisconsin was recognized in a recent release by Scotsman Guide. Laura has been recognized as the #1 USDA Lender by volume in the country.

Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.