When doing a VAt loan, we do look at your credit score. It is more of a traditional loan and can go as low as a 500 FICO score at times. With VA loans, factors like past short sales, foreclosures, or derogatory credit have an impact on qualification. However, the VA loan program is more lenient towards credit history. If your financial situation makes sense today, we can lend you the money you need for a VA purchase loan or a refinance loan. 

VA loans come in all types of loan terms. It’s a very flexible program that can help you get the payment that you need. VA loans are available as a 5 Year Adjustable Rate Mortgage which will get you the best interest rates. If you want a longer term, we have a 7 Year Adjustable Rate Mortgage available and a 30 Year Fixed Rate option available as well. Some borrowers prefer interest only payments which we can do as well, so that you can keep your monthly payments as low as possible.

The process is simple. When most people call us, they are usually skeptical about the program and if they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they have been made available and have been able to help many borrowers purchase or refinance their homes. First step is to call us, a professional will help consult you and explain how our programs work in detail. There are many types of programs and it’s best to speak with us so we can guide you in the right direction.

It depends what type of loan program you are qualified for. With a Bank Statement loan program, we can offer this loan on a Owner occupied or second home property only. We can lend on single family residences, condo’s and 1-4 unit properties.