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VA Loans - We are Proud to Serve America's Military

VA Loans, also called Department of Veterans Affairs home loans, are available to veterans, active service members, National Guard, reservists, and spouses.

Whether you're starting out with your first home or looking to save money by refinancing your current mortgage, New Penn Financial can help you sort through the process and take advantage of your military benefits.

VA_Body_Image1Understand Your VA Loan Entitlement

All VA Loans are backed by the U.S. Government through a VA Entitlement. This Entitlement makes it easier for you to qualify for a loan because it represents the amount that the government would pay to the lender if you defaulted - it's like government-sponsored loan insurance that you get automatically for dedicating your service to our country. You can use it for refinancing you current mortgage or purchasing a new home.

Save money by refinancing into a VA Loan with New Penn

Not having a VA Loan means that you're giving up the benefits you've earned through your military service. With today's record-low rates, you're also most likely paying more than you should be for your monthly loan payment. Refinancing into a VA Loan is easy, too.

  • Near record-low rates to lower your monthly payment
  • No down payment required in most cases
  • No mortgage insurance required
  • Finance up to 100% of the home value - you can use equity you've built for family vacations, college, or home improvements

Streamline refinance your current VA Loan

If you already have a VA Loan through another lender, refinancing into a lower-rate loan with New Penn VA Loans is simple and fast.  The government calls this loan an IRRRL (Interest Rate Reduction Refinancing Loan).

  • Save money with historically-low interest rates
  • Less documentation is needed
  • Low closing costs - these can usually be financed directly into your monthly payments
  • Energy efficiency improvements can be included in the mortgage

Use your Benefits to Purchase a New Home with a VA Loan

As a dedicated VA lender, New Penn can offer you the full benefits afforded through your military service when you're looking to buy a new home. Even if you're a first time buyer, the VA Loan program makes it easy to qualify.

  • Near record-low rates
  • Lower down payment required than conventional loans
  • No mortgage insurance required
  • No pre-payment penalties
  • Relaxed qualification standards - you may qualify with a less-than-perfect credit score

Thank you for your dedicated service to our country. We look forward to returning the favor - call (888) 828-6252 to get started today!