Veterans Mortgage of America is a VA Approved Lender | NMLS ID 3117

Loan Programs and Products

VA Loan

A VA loan is a specific loan program authorized by the US Dept. of Veterans’ Affairs to help veterans and active-duty service members and their families purchase or refinance a home. This loan option allows military families to qualify for a home loan with fewer restrictions, and little-to-no money down.

FHA Loan

Federal Housing Administration (FHA) home loans were created to make it easier for home owners to qualify for a loan – whether you are buying a home or refinancing your mortgage. They are also ideal for people who do not qualify for a VA loan and desire a secure government-insured home loan and need to finance more that 80% of their home value. With an FHA mortgage, your credit score can be lower and you can buy a home with a down payment as little as 3.5%.

Conventional Fixed Rate Mortgage

This is a mortgage in which the interest rate does not change for the life of the loan. These are available for 30, 20, 15 and 10 year terms, and the payment amount will remain fixed throughout the term of the loan. The most common fixed-rate mortgages have a 15- or 30-year duration.

Jumbo Loan

If you require a home loan that’s over the conforming limit of $766,550, you will probably need a Jumbo mortgage. Jumbo loans offer the same flexibility as conforming loans (fixed and ARM products), however they are not eligible for purchase by Fannie Mae or Freddie Mac and must be sold in the secondary market. This means that the rates for Jumbo loans will be slightly higher than home loans with similar terms that are conforming loans. Jumbo loans are often referred to as non-conforming loans.

Hybrid Adjustable Rate Mortgage (HARM)

A mortgage in which the interest rate is fixed for a specified period of time, and then adjusts after the fixed period expires (payment could then increase or decrease). For example, for a 5/1 HARM, the rate will stay the same for the first 5 years and will then adjust in year 6. HARM products generally range from 3, 5, 7 and 10 years, and are an alternative to a fixed rate mortgage. These products typically offer lower initial interest rates than you’d be able to obtain with a fixed rate mortgage.

Non-Qualified Mortgage Products

At Veterans Mortgage of AmericaTM, we have a multitude of other loan products for even the hardest to qualify using one of our many ‘non-qualified’ mortgage products.  Contact a VMA loan representative today at: 1-484-838-5626 or email us at [email protected].

Jimmy O.
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"USAVA Lending did a fine job. They explained everything. They treated me just fine and they were real friendly. If I had a question they got right back in touch with me at the time they said they would. They got what I wanted. I had no complaints. They corrected things that needed to be done. I was alright with the interest rate being the same. I would recommend them."
Elizabeth C.
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We received VA Refinance from USAVA Lending. All expectations were meet we had excellent communications from the "Executive Assistant. They provided prompt and thorough services. I would recommend USAVA Lending. It was easy with no hassles."
Will M.
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"The service was real good and they were pleasant. They were real polite and nice. The loan closed early and it did not take too long. We had no problems with them. The loan originator was excellent. He set us up and he was fantastic! He called back to see if everything went smooth and to find out if we had any questions. We did not have any questions because they answered them. I would definitely recommend them."
Barbara S.
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"They did a great job! I was very satisfied with their helpfulness and they went as far as taking care of the little details. During the time I was refinancing, my husband was in the hospital and was in ICU. The Senior Loan Processor was very helpful and was there for me when I couldn't be quite there myself. We got a reduced interest rate and reduced payment. I got a lot of great customer service from their team. I was looking for a place online and just happened to find their website and have been trying to refinance for 2-3 years..."
Charles M.
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"Thank all of you that worked to get this mortgage through. The Senior Loan Processor was quite a tireless person working with us. She was good to us and caring. She was also reassuring. We were very nervous and she calmed our fears.We would recommend USAVA Lending very highly. They were friendly, courteous, informative. They explained everything. USAVA Lending was the first loan company we have used in many years and it was worth our while. They facilitated the process, so we had nothing was held up."
Levi M.
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"I have used USA Home Loans a couple of times now and I keep going back because the employee I work with is great. I am always treated well and the employee is very personable. I have recommended them and if asked I would keep recommending them they are efficient."
Anthony Z.
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"Everyone at USAVA Lending did a splendid job in refinancing my home..They were very courteous,imformative, and answered all my questions. They were all very professional in handling my re finance, and it was finished promptly.I recommend your Lending Instition very highly.Thank you all for doing such a great job!"
Joe L.
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"Compared to Chase and other places that I worked with USAVA Lending were excellent. It was impressive because they are in Arizona and I am 1000 miles away in the bay area in California and I got better service from them than I would get from Chase who is literally around the corner. When the loan originator contacted me I was kind of leery that something like this would go through, but he did a remarkable job in terms of managing the loan application and process..."