Va Home Loan Centers Review: The Ultimate Guide

🏡 Introduction

Welcome to our in-depth review of VA Home Loan Centers, a company that assists veteran and active-duty military personnel in securing home loans. Whether you’re a first-time buyer or you’re looking to refinance your existing mortgage, VA Home Loan Centers promises to provide expert advice and personalized service. But is this company really worth your time and money? In this article, we’ll take a closer look at everything VA Home Loan Centers has to offer so you can decide for yourself whether they’re the right choice for your needs.

We understand that choosing a mortgage lender is a significant decision, especially if you’re a veteran or active-duty military member. That’s why we’ve put together this comprehensive guide to help you make an informed decision. We’ve analyzed VA Home Loan Centers’ services, fees, customer service, and reputation to give you an unbiased and honest review. So, sit back, and let’s dive right in!

🏡 VA Home Loan Centers Review

1. What is VA Home Loan Centers?

VA Home Loan Centers is a mortgage lender and brokerage firm that specializes in VA loans. The company was founded in 2006 by Philip Georgiades, a veteran himself, who wanted to create a company that would help veterans and active-duty military members buy or refinance their homes. The company is headquartered in California and operates nationwide.

2. How Does VA Home Loan Centers Work?

VA Home Loan Centers works by connecting veterans and active-duty military members with a network of lenders to secure their home loans. The company offers a range of services, including loan pre-qualification, loan application, loan processing, and loan closing.

3. VA Home Loan Centers Services

VA Home Loan Centers offers a variety of services to veterans and active-duty military members, including:

Service
Description
VA Loan
Helps veterans and active-duty military members secure VA loans
Refinance Loan
Helps veterans and active-duty military members refinance their current VA loan
Home Loan
Offers conventional and FHA loans
Pre-Qualification
Assists with loan pre-qualification
Loan Application
Helps with the loan application process
Loan Processing
Handles loan processing and underwriting
Loan Closing
Completes the loan closing process

4. Fees

VA Home Loan Centers does not charge any upfront fees for their services. However, they do charge a loan origination fee, which can range from 1% to 3% of the loan amount. This fee is typically rolled into the loan and paid over time. It’s important to note that VA Home Loan Centers is not a direct lender, and they work with a network of lenders, so the fees and rates can vary depending on the lender.

5. Customer Service

VA Home Loan Centers prides itself on providing exceptional customer service. They have a team of loan officers who are available to answer questions and provide guidance throughout the loan process. They also offer a variety of resources on their website, including loan calculators and educational materials.

6. Reputation

VA Home Loan Centers has a solid reputation in the mortgage industry. They are accredited by the Better Business Bureau and have an A+ rating. They also have positive reviews on websites such as Zillow and Google.

7. Pros and Cons

Pros

  • Specializes in VA loans
  • No upfront fees
  • Exceptional customer service
  • A+ rating from the Better Business Bureau
  • Positive reviews on Zillow and Google

Cons

  • Loan origination fee
  • Not a direct lender, so fees and rates can vary

🏡 Frequently Asked Questions

1. What is a VA loan?

A VA loan is a mortgage loan backed by the Department of Veterans Affairs. It’s available to veterans, active-duty military members, and eligible surviving spouses. VA loans typically have more favorable terms and conditions, including no down payment and no mortgage insurance.

2. How do I know if I’m eligible for a VA loan?

To be eligible for a VA loan, you must be a veteran, active-duty military member, or eligible surviving spouse. You must also have served a certain amount of time, depending on when you served and the type of service.

3. What is the loan origination fee?

The loan origination fee is a fee charged by your lender for processing your loan. It can vary depending on the lender and the loan amount, but it’s typically between 1% and 3% of the loan amount.

4. Can I refinance my current VA loan with VA Home Loan Centers?

Yes, VA Home Loan Centers offers a refinance loan for veterans and active-duty military members who want to refinance their current VA loan.

5. How long does the loan process take?

The loan process can vary depending on the lender and the complexity of your loan. However, VA Home Loan Centers promises to close most loans within 30 days.

6. How do I apply for a loan with VA Home Loan Centers?

You can apply for a loan with VA Home Loan Centers by filling out an application on their website or by calling their toll-free number.

7. Can I still qualify for a VA loan if I have bad credit?

Yes, it’s possible to qualify for a VA loan with bad credit. VA Home Loan Centers works with a network of lenders who may be able to offer loans to applicants with less-than-perfect credit.

8. What types of loans does VA Home Loan Centers offer?

In addition to VA loans, VA Home Loan Centers also offers conventional and FHA loans.

9. Is VA Home Loan Centers a direct lender?

No, VA Home Loan Centers is not a direct lender. They work with a network of lenders to help veterans and active-duty military members secure home loans.

10. Are there any upfront fees with VA Home Loan Centers?

No, VA Home Loan Centers does not charge any upfront fees for their services.

11. How can I contact VA Home Loan Centers?

You can contact VA Home Loan Centers by phone, email, or by filling out a contact form on their website.

12. Does VA Home Loan Centers offer VA loan refinancing?

Yes, VA Home Loan Centers offers a refinance loan for veterans and active-duty military members who want to refinance their current VA loan.

13. Does VA Home Loan Centers offer jumbo loans?

Yes, VA Home Loan Centers offers jumbo loans for veterans and active-duty military members who want to buy or refinance a home that exceeds the conforming loan limit.

🏡 Conclusion

In conclusion, VA Home Loan Centers is a reputable mortgage lender and brokerage firm that specializes in VA loans. They offer a range of services, including loan pre-qualification, application, processing, and closing. While they do charge a loan origination fee, they have no upfront fees and provide exceptional customer service. Their reputation in the industry is solid, and they have positive reviews on websites such as Zillow and Google. If you’re a veteran or active-duty military member looking for a mortgage lender, VA Home Loan Centers is definitely worth considering.

We hope this guide has been helpful in providing you with all the information you need to make an informed decision about VA Home Loan Centers. If you have any questions or comments, feel free to reach out to us, and we’ll be happy to help.

🏡 Disclaimer

This article is intended for informational purposes only and should not be construed as legal, financial, or professional advice. VA Home Loan Centers’ services, fees, and reputation may change over time, so we recommend conducting your research and due diligence before making any decisions.