5-Star Google Review for Brightwire:

Five Stars
“My loan was cleared for closing in only 12 days and I skipped two payments.
The whole process could not have gone any smoother/better!” - Teaneck Resident

What is a VA loan?

A VA loan is a mortgage loan benefit that is available to eligible American veterans, military officers, reservists, and surviving spouses. VA loans are designed to make housing more affordable for those who have served our country.

VA loan features:

  • 0% down payment required.
  • No monthly PMI.
  • No funding fee for disabled veterans.
  • Lower interest rates than conventional loans.

How do I qualify for a VA loan?

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  • Your Brightwire Loan Officer will confirm your eligibility for a VA loan by obtaining a certificate of eligibility (COE) directly from VA.
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  • You will need a credit score of 580 or higher.
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  • You will need 2 years of employment history in the same industry (part or all of your previous employment can be connected to your military occupational specialty).
  • What else should I know about a VA loan?

  • Your VA loan eligibility never expires.
  • VA interest rates are typically MUCH lower with mortgage brokers like Brightwire vs larger companies. Be sure to request a written quote and compare the monthly payment and closing costs.
  • You can purchase a new primary residence using your VA home loan benefit even if you have a VA loan currently.
  • Brightwire closes VA loans in 20 days or less. This can be especially important if you are PCS’ing or as a differentiator when there are multiple offers on the house you want to buy.
  • You can get a VA loan even if you’ve had a bankruptcy, foreclosure, or short sale.