VA Home Loans2017-11-02T14:33:12+00:00

   Corp NMLS #3113 | Utah State License #5491140-MLCO | Salt Lake City, UT

Utah VA Loan Program Center 

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VA HOME LOAN PROGRAM OVERVIEW

If you are a veteran or a current member of the U.S. military, you may qualify for Academy Mortgage Team 101’s VA Loan Program, which currently offers up to 100% home financing.

A VA Loan can be a great option, especially if you have limited funds for a down payment or closing costs or if you prefer to keep the cash reserves for other investments and expenses. Academy Mortgage Team 101 has helped hundreds of veterans obtain their home ownership goals.

VA QUICK FACTS  

Minimum Down Payment
0% (No Down Payment Required)

Minimum Credit Score
620 (Some Restrictions Apply)

Maximum Debt-to-Income Ratio
55% (Some Restrictions Apply)

Academy Mortgage is an approved lender by the Department of Veterans Affairs for the VA Loan Program

VA ELIGIBILITY

Both first-time and repeat homebuyers may take advantage of their VA benefits, provided they meet the following qualifications:

  • VA Home Loans are made to eligible veterans (who were honorably discharged) for the purchase of a home for personal occupancy. For VA housing loan purposes, the term “veteran” includes certain members of the Selected Reserve, active-duty service personnel, and certain categories of spouses.

  • Income limits cannot exceed the VA County Loan Limits for the area (see VA County Loan Limit Map below)

VA BENEFITS

NO 100% NO
down payment required for eligible buyers financing on a fixed 30-year or 15-year loan mortgage insurance required. Awesome!
FUNDING FEE GIFTS PREPAY
can be financed into the loan and contributions accepted toward closing costs your VA Loan without penalties
Up to 100% Financing of Purchase Price
Credit Scores as low as 620
Debt-to-Income Ratio as High as 55% (Restrictions Apply)

Home  /  Loan Programs  /  VA Loan Program

VA LOAN PROGRAM OVERVIEW

If you are a veteran or a current member of the U.S. military, you may qualify for Academy Mortgage Team 101’s VA Loan Program, which currently offers up to 100% home financing.

A VA Loan can be a great option, especially if you have limited funds for a down payment or closing costs or if you prefer to keep the cash reserves for other investments and expenses. Academy Mortgage Team 101 has helped hundreds of veterans obtain their home ownership goals.

VA QUICK FACTS  

Minimum Down Payment
0% (No Down Payment Required)

Minimum Credit Score
620 (Some Restrictions Apply)

Maximum Debt-to-Income Ratio
55% (Some Restrictions Apply)

Academy Mortgage is an approved lender by the Department of Veterans Affairs for the VA Loan Program

VA ELIGIBILITY

Both first-time and experienced homebuyers may take advantage of their VA benefits, provided they meet the following qualifications:

  • VA Home Loans are made to eligible veterans (who were honorably discharged) for the purchase of a home for personal occupancy. For VA housing loan purposes, the term “veteran” includes certain members of the Selected Reserve, active-duty service personnel, and certain categories of spouses.

  • Income limits cannot exceed the VA County Loan Limits for the area (see VA County Loan Limit Map below)

VA BENEFITS

NO 100%
down payment required for eligible buyers financing on a fixed 30-year or 15-year loan
FEE GIFTS
Funding fee can be financed into the loan and contributions accepted towards closing costs
NO PREPAY
mortgage insurance required. Awesome! your VA Loan without penalties
Up to 100% Financing of Purchase Price
Credit Scores as low as 620
Debt-to-Income Ratio as High as 55%

VA COUNTY LOAN LIMITS  

VA LOAN CALCULATOR 

Submit to Academy

VA COUNTY LOAN LIMITS  

VA LOAN CALCULATOR 

Submit to Academy
Contact us right away and start on the path towards homeownership with a VA loan from Academy Mortgage Team 101!
Fill out the form below and we will reach out to you right away to schedule a no-cost consultation.

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VA Success Stories
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ABOUT ACADEMY MORTGAGE TEAM 101

Collaboration is the key to homeownership

  • We have the distinct advantage of having our entire team under one roof (loan officers, processors, underwriters, & closers). This allows us to move your loan smoothly through the mortgage approval process.

  • Nobody knows Utah mortgages better than Team 101. We study local market conditions, pricing scenarios, and the multitude of Utah loan programs available—so you don’t have to.

  • Our modern technologies (online tools, mobile apps, eSign) along with a strong commitment to customer service, take the stress and hassle out of getting your home loan.

MEET OUR LOAN OFFICERS

It is incredibly important to me that you have a great experience, so we’ve made superior customer service our highest priority at Team 101. We want you to feel confident that you have chosen to work with the best team in the industry, and we’ll work hard to fulfill the commitments we make to you.

JEFF MORGAN, BRANCH MANAGER | NMLS #256029

If you choose me as your mortgage professional, you will get a hard worker who is determined to find the right loan option for your unique situation. I consider it an honor to be part of such a major decision in your life, and I will repay the trust you put in me by making sure that our commitments to you are fulfilled.

ERIK ROBINSON, SALES MANAGER | NMLS #263807

My team and I have over 25 years of mortgage experience, so you can count on us to find you the best financing option for your unique situation. I am disciplined, caring, and motivated—traits that I will employ to help you achieve your homeownership goals. Going the extra mile for each and every one of my clients is just part of the package.

DEIDRE KAY, LOAN OFFICER | NMLS #223591

We’re “in it in a minute” until the end. With over 25 years in the mortgage industry in different capacities (loan officer, processor, underwriter, closer), I know exactly what it takes to get a speedy approval and take your loan from A to Z with the least amount of stress. I live by the philosophy that if your clients are happy, you are happy.

TINA ZAK, LOAN OFFICER | NMLS #217728

My business philosophy is simple: Let me save you…TIME…EFFORT…and FRUSTRATION! I will put my 20+ years of financial experience to work for you. What I love about working in the mortgage industry is helping people attain their dream of homeownership, and I’ve already helped over 800 families and individuals achieve their goal.

JEFF SAVAGE, LOAN OFFICER | NMLS #201909

As a passionate and motivated individual, I especially enjoy working with first-time homebuyers and sharing in the excitement of purchasing a first home. In the ever-changing mortgage industry, it’s important that you choose someone that helps you navigate its complexities and educate you about different loan options.

AUSTIN KENT, LOAN OFFICER | NMLS #959895

* Source: Academy Mortgage’s 3rd Quarter 2016 Customer Satisfaction Survey, with a sample size of 6,944 Responses

** Source: CoreLogic Marketrac Report for 2016, published in January 2017