30-Year Fixed VA Loan | VA Home Lending
North American Savings Bank offers some of the lowest and most competitive interest rates on 30-year fixed VA loans (click here for mortgage rates and details). As a VA approved lender, we take pride in providing the best VA home lending experience to the men and women who bravely served this country. You can see our reviews here to learn more about our commitment to customer satisfaction.
The Benefit to a 30-Year VA Mortgage.
Lowering your monthly payments is a major benefit for locking in a 30-year loan rate. This lower monthly payment frees up more capital for you to use where you see fit. Also, since interest on mortgages are tax-deductible, people who are high-earners, self-employed or independent contractors desire a 30-year mortgage loan for its higher interest rates.
So how do I get started?
Fill out our mortgage form to begin your application! We will work immediately to put you in touch with one of our highly skilled loan officers. They will guide you through the next part of the mortgage loan process to find the best possible financial solution for your home ownership goals.
If you prefer calling, you can reach us at 866-627-7119.
VA Home Loan Requirements
There are certain qualifications that must be met in order to be approved for a VA home loan. NASB will consider the following when evaluating your VA home loan application:
Employment Verification - We need proof of two years of steady employment; preferably with the same employer.
Income - The last two years of income should be either at the same level or higher.
Credit Score - Your credit report should have less than two 30-day late payments in the last two years, and show a minimum credit score of 620.
Bankruptcy - You must be at least two years past any bankruptcy discharge date, and have perfect credit since the discharge.
Foreclosures - Any foreclosure must be at least two years old, and you must have perfect credit following the foreclosure date.
Inspection & Appraisal - The home you are purchasing or refinancing will be subject to inspection and appraisal to determine the marketability and verify the current market value will be sufficient collateral to secure the loan.
NASB is a federally regulated savings bank supervised by the Office of the Comptroller of the Currency, a department of the U.S. Treasury. As a supervised Federal Savings Bank, NASB is subject to annual on-site examinations for safety and soundness, and compliance. These annual examinations ensure NASB is operating in a prudent manner to ensure the financial security of depositors as well as to ensure NASB is serving all of its customers ethically and in compliance with all applicable laws and regulations governing its financial services.
All NASB Loan Consultants are registered under the S.A.F.E. Act and are thoroughly trained in VA home mortgage lending and compliance. Each Loan Consultant must complete annual mortgage lending and compliance training, and meet or exceed testing requirements to maintain their eligibility to serve our customers.