Va Loan Purposes

	VA Loan Purposes
To buy a home including townhouse or condominium unit in a VA approved project To build a home To simultaneously purchase and improve a home To improve a home by installing energy related features such as solar or heating/cooling systems, water heaters, insulation, weatherstripping, caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA. These features may be added with the purchase of an existing dwelling or by refinancing a home owned and occupied by the veteran. A loan can be increased up to $3,000 based on documented costs or up to $6,000 if the increase in the mortgage payment is offset by the expected reduction in utility costs. A refinancing loan may not exceed 90 percent of the appraised value plus the costs of the improvements. Check with a lender or VA for details. To refinance an existing home loan up to 90 percent of the VA-established reasonable value or to refinance an existing VA loan to reduce the interest rate. To buy a manufactured home and/or lot.

State Licencing

A Division of Fairway Independent Mortgage Corporation
FIMC Corp. ID # 2289

Sonny Baker, Branch Manager, NMLS ID# 307828
Complaints regarding mortgage bankers should be sent to the Texas Dept. of Savings and Mortgage Lending,
2601 N. Lamar, Suite 201, Austin, TX 78705. A toll-free consumer hotline is available at 1-877-276-5550.

State Licencing

A Division of Fairway Independent Mortgage Corporation
FIMC Corp. ID # 2289

866-445-3765
texas mortgage

VA Loan Purposes