THE BOLES GROUP AND VETERANS
Each member of the Boles Group lending team has a personal connection to the US Military. We get it.
ABOUT VA LOANS
The benefits of a VA loan.
No down payment required
Credit scores as low as 550 may be accepted
Low interest rates available for qualifying borrowers
No monthly (PMI) private mortgage insurance
Available for purchase loans
Available for VA cash-out refinance*
Streamline refinance (IRRRL) with no appraisal and minimum documentation (current VA loans only).
Easier to qualify
VA HOME LOANS
The Boles Group lending team offers flexible VA Loan products with favorable loan terms to Veterans, active duty personnel and qualifying surviving spouses.
Features and Benefits
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Purchase, rate/term refinance, and cash-out refinance options
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No down payment required
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Fixed- and adjustable-interest rates available
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Seller-assistance options
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Low minimum credit score requirement
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No monthly mortgage insurance premiums
Eligible Properties
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1- to 4-unit property
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PUDS
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Condominiums
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Manufactured homes
Boles Group Branch Manager Adam Boles is a US Army Veteran who has been helping military members and their families since 1998. He knows how the system works and he can make it work for you.
REQUIREMENTS
Qualifying for a VA loan takes more than just passing basic training, VA home loans require you to have served the equivalent of one of the following terms:
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Honorable discharge after 90 days of active service during wartime
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Honorable discharge after 181 days of active service during peacetime
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Two-year requirement of service enlisted after 9/7/1980
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Previously, eligibility was based on six years of service. Now, it is open to National Guard members who served 90 days of full-time duty, of which, at least 30 of those days were consecutive. This eligibility does not include inactive duty, such as monthly drills or basic training. It is open to current and former National Guard members, regardless of service dates.
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The spouse of a service member who has died in the line of duty or as a result of a service-related disability is also eligible for this mortgage program.
Qualifying also takes into consideration income and credit.
What VA Loan Program is Right for Me?
The mortgage process can be intimidating, but if you’re a veteran or an active duty servicemember, there’s no better mortgage product for you than a VA loan. There are various VA loan options to choose from, so keeping yourself informed and knowing the basics will get you closer to buying your dream home.
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Need more options? We can help! In addition to VA loans, we offer conventional, FHA, USDA, jumbo loans, construction home loans, disaster relief loans, down payment assistance, and more.
