Helping Heroes Become Homeowners
Let’s collaborate in this partnership to show our gratitude for the men and women who proudly serve this wonderful country.
What is a VA Loan?
A VA loan is a mortgage option that helps veterans, service members, and their families buy, build, improve, or refinance a home.
VA loans can offer better terms than traditional loans, such as no down payment, no private mortgage insurance, and lower interest rates.
- A veteran, service member, or eligible surviving spouse
- A member of the Selected Reserve
- An un-remarried spouse of a veteran who died while in service or from a service-connected disability
- The spouse of a service member missing in action or a prisoner of war
- The spouse of a service member missing in action or a prisoner of war
To qualify for a VA loan, you must obtain a Certificate of Eligibility (COE) from the VA. You can get a COE through www.ebenefits.va.gov or through the WebLGY application.
VA loans require an impound account for property taxes and homeowners insurance. Closing costs may include:
- VA appraisal
- Credit report
- Survey
- Title evidence
- Recording fees
- Loan origination fee
- Discount points
- Underwriting Fee
- Lower interest rateThe new loan typically has a lower interest rate than the existing loan, which can result in lower monthly mortgage payments
- Fixed-rate mortgageEligible borrowers can refinance an adjustable-rate mortgage (ARM) into a fixed-rate mortgage
- Less expensiveA VA IRRRL may be less expensive than other loan refinance options because it doesn't require a new home appraisal
- Faster and requires less paperworkA VA IRRRL is often called a VA streamline because it's generally faster and requires less paperwork than a typical refinance
- An IRRRL is considered seasoned 210 days after the first payment is made on the loan, and six consecutive monthly payments have been made.
- Some VA IRRRL products offer unlimited LTV, so borrowers who owe more than their home is worth may still be able to refinance.
VA Program Guidelines
Rates, Terms, and Guidelines are subject to change without notice.
Become a VA Authorized Agent
You will need to request approval to be a VA Authorized Agent for Mega Capital Funding or renewal.
You will need to request approval to be a VA Authorized Agent for Mega Capital Funding or renewal.
Please complete this form and submit it with a check for $100.00 made payable to Mega Capital Funding, Inc.
VA ID # 90753300
- Underwriting Fee: $1295
- Streamline: $475
Additional fees may apply. Rates, Fees, and Guidelines are subject to change without notice.
Join Our Cause
We Proudly Support Our Troops
We Proudly Support Our Troops
Our Commitment
Your business holds great significance for us, particularly regarding VA loans. For every VA loan you close with Mega, we will send a care package to military personnel to symbolize our support. These packages will include essential items and heartfelt messages to comfort and show gratitude to those who serve. Each package acts as a small gesture of appreciation, reminding our service members that their dedication and sacrifices are genuinely valued.
