Mann Mortgage, LLC, Full-service Mortgage Broker serving Montana in Missoula, Helena and Butte, and Placentia, California



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BRANCH LOCATIONS:
	Missoula, Montana
	Helena, Montana
	Butte, Montana
	Placentia, California

The VA provides a 100% guarantee to lenders providing financing to qualified veterans. The veteran must receive a Certificate of Eligibility from the VA to be considered for program underwriting. The request for the "C of E" can be initiated by the lender and is often the first step in the loan process. VA benefits are usually conferred on vets that have served at least 2 years active duty or 6 years active Reserves (see your lender for specific duty dates).

The benefits of VA financing are a 0% down payment requirement and no monthly mortgage insurance. In lieu of monthly mortgage insurance the veteran pays a financed 2.2% Guaranty Fee (3.3% for subsequent use) to VA. This Guarantee Fee is waived if the veteran has sustained a service related disability. VA prescribes closing costs that can be charged to the vet and are typically lower than closing costs associated with other programs. VA loan programs consist of a 30 or 15 year term at a fixed interest rate.

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