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VA Mortgage Loans in Chagrin Falls, Ohio
Military Home Loans
000-000-0000
8223 E Washington St #6B Chagrin Falls OH 44023
Business Description
When you need a home loan in Chagrin Falls, OH, don't hesitate to call Military Home Loans. We take pride in the way we handle business and our service oriented staff. For a great service in Chagrin Falls, OH, call on Military Home Loans .
Mission Statement
To provide Chagrin Falls quality Mortgage Broker assistance as a Military Mortgage Loans, VA Mortgage Loans, Veteran Mortgage Loans and Military Mortgage Lender.
Military Home Loans meeting your Mortgage Broker needs since 1991.
Military Home Loans is a Chagrin Falls, Ohio family owned mortgage broker company. Since 1991 Military Home Loans has established a military mortgage loans division, offered va mortgage loans and developed a veteran mortgage loans service for its Chagrin Falls clients in Geauga County. Military Home Loans has become Chagrin Falls local mortgage broker favorite!
Need a mortgage broker in Chagrin Falls? For friendly military mortgage loans service in Chagrin Falls and Geauga County call (877) 498-9980 today!
Key Contacts
Richard Rose
Nmls 242495 omba Lo.001220.000
Military Home Loans
Nmls 243756 omba 80015
1) Loan Programs
Fixed Rate Mortgages (FRM)
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan’s lifetime.
Adjustable Rate Mortgages (ARM)
Adjustable-rate mortgages include interest payments which shift during the loan’s term, depending on current market conditions. Typically, these loans carry a fixed-interest rate for a set period of time before adjusting.
Hybrid ARMs (3/1 ARM, 5/1 ARM, 7/1 ARM, 10/1 ARM)
Hybrid ARM mortgages combine features of both fixed-rate and adjustable rate mortgages and are also known as fixed-period ARMs.
HARP 2.0
HARP 2.0 is a refinance option for homeowners that are "underwater," meaning they owe more on their home than their home is worth.
FHA Loans
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
VA Loans
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
Interest Only Mortgages
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specified period of time.
Components of an ARM
Prior to choosing a home loan, you should know the advantages and risks of adjustable-rate mortgages to make an informed, prudent decision.
Commonly Used Indexes for ARMs
This article includes a list of the most commonly used indexes by ARM lenders that affect ARM mortgage rates.
Balloon Mortgages
Balloon mortgages include a note rate that remains fixed initially, and the principal balance becomes due at the end of the mortgage term.
Reverse Mortgages
Reverse Mortgages allow senior homeowners to convert a portion of their home equity into cash while still living in the home.
Graduated Payment Mortgages
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and becomes fixed for the remaining duration of the loan.
What kind of loan program is best for you?
Should you get a fixed-rate or adjustable rate mortgage? A conventional loan or a government loan? Deciding which mortgage product is best for you will depend largely on your unique circumstances, and there is no one correct answer.
2) Fha Loans
FHA home loans are mortgage loans that are insured against default by the Federal Housing Administration (FHA). FHA loans are available for single family and multifamily homes. These home loans allow banks to continuously issue loans without much risk or capital requirements. The FHA doesn't issue loans or set interest rates, it just guarantees against default.
FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first time home buyers. These loans offer low minimum down payments, reasonable credit expectations, and flexible income requirements.
3) Va Home Loans
The VA Loan provides veterans with a federally guaranteed home loan which requires no down payment. This program was designed to provide housing and assistance for veterans and their families.
The Veterans Administration provides insurance to lenders in the case that you default on a loan. Because the mortgage is guaranteed, lenders will offer a lower interest rate and terms than a conventional home loan. VA home loans are available in all 50 states. A VA loan may also have reduced closing costs and no prepayment penalties.
Additionally there are services that may be offered to veterans in danger of defaulting on their loans. VA home loans are available to military personal that have either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.
Serving Area:
Chagrin Falls
County
Geauga
Serving Zip Code:
44023
Latitude
41.4157264
Longitude
-81.3485777
Year Established
1991
Payments Accepted
Specialties:
Military Mortgage Loans
Va Mortgage Loans
Veteran Mortgage Loans
Military Mortgage Lender
Veteran Mortgage Lender
Veteran Home Loans
Veteran Home Lender
Veteran Home Loan Experts
Veteran Home Loan Questions
Va Mortgage Loan Questions
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Contact Information
Direct Email Contact
Mailing Address
8223 E Washington St #6B
Chagrin Falls, OH 44023
Telephone/Fax
000-000-0000
Website
Other Website
Email Contact
You can also email Military Home Loans direct by filling out the form on the right.
Military Home Loans in Chagrin Falls, OH has a higher trust score for VA Mortgage Loans than: