VA Loans

VA Loans are designed to offer long-term financing to Service Members, Veterans and their eligible surviving spouses. VA Loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. As part of her mission to serve you, Kara Davis, of Crew Lending is proud to offer flexible financing options at stable, low interest rates on VA Loans in Lake Charles, Sulphur, Westlake and the whole state of Louisiana. For more information, click here or call 337-842-0115.

VA Loan Uses

A VA Loan can be used to purchase a new property. Cash out refinance options are available to purchasers who are in need of consolidating debt while streamline refinance loans can lower interest rates on current VA Loans.

Benefits of a VA Loan

VA Loans offer a 0% down payment and relaxed credit requirements compared to some other mortgage programs. In addition, debt to income tends to be forgiving. A large benefit of the VA Loan is that the seller can pay up to 4% of the borrowers’ closing cost and/or pre-paid items. In addition, there is no mortgage insurance on a VA loan which keeps monthly payments lower. Interest rates for a VA Loan tend to be more stable than those of a conventional loan.

VA Loan Requirements

Your length of service or service commitment, duty status and character of service determine your eligibility for a VA Loan. You must have satisfactory credit, sufficient income to meet the expected monthly obligations and a valid Certificate of Eligibility (COE). The borrower needs a minimum credit score of 620 for VA Loans. If the borrower’s credit score is below this threshold, they can still potentially qualify with a credit score of 580 given extenuating circumstances.

Kara Davis is a Qualified VA  Mortgage Lender

Kara Davis from Crew Lending is happy to help Service Members, Veterans and their eligible surviving spouses with their VA Loans in Sulphur, Westlake, Lake Charles and the entirety of Louisiana. For those looking to refinance their current VA Loans at a lower interest rate or purchase your very first home, Kara Davis can help! Click here or call 337-842-0115 with any questions you have about a VA Loan or how to get qualified!

VA Loan house