VA Loan

VA Loan

VA Loan:

Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans.

Here’s how it works:

  • 100% financing without private mortgage insurance or 20% second mortgage.
  • A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
  • When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
  • When refinancing a home, veterans may borrow up to 90% of reasonable value in order to refinance where state law allows.

Any questions or comments about VA loans click here.

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Licensing

Travis Palm NMLS #220102
Palm Lending, LLC NMLS ID#164925
Palm Lending LLC DBA Palm Lending Florida
Licensed in Texas and Florida

Link to Recovery State of Texas Recovery Fund Notice

Link to Florida Office of Financial Regulation (OFR)

Equal Housing Lender

Contact Us

Palm Lending, LLC
13801 Nutty Brown Rd
Austin, TX 78737

Number:
(512) 535-2549

Hours:
MON-FRI 8:30AM - 5:30PM