Overview

Overview

We are proud to serve our Vets. As a veteran living in New Mexico, you worked hard for your country, putting your life on the line day in and day out to serve and protect what you love. With help from the United States Department of Veteran Affairs, now your country can give back to you in the form of an affordable home loan designed to save you money and help you get on your feet. Returning from service can be a significant challenge, especially when you have a family to support. With a VA home loan, veterans have the ability to purchase a home without the struggle, significant down payment, or costly interest rates traditional loans entail.

Veterans deserve reliable assistance in exchange for serving their country, and veteran’s assistance loans are designed to do just that. VA home loans are excellent resources for those interested in purchasing a home without requiring extensive financial resources. Many Americans don’t qualify for a standard mortgage, but VA loans make buying property simple for veterans. Featuring low interest rates, minimal down payment requirements, and a simple qualification process, it’s easier than ever to purchase a home. Not sure you want a new home? No problem – VA loans can be used to purchase an existing home, build a new home, or make improvements to a developed property. Some manufactured homes can be purchased with VA loans as well, providing flexible options to those in need.

VA Home Loan Eligibility

VA Loan Requirements

Qualifying for a VA loan requires that you:

  • Be on active duty or have been honorably discharged
  • Be a qualifying spouse or family member of a veteran
  • Occupy the home purchased
  • Credit score of 620 or higher

Types of VA Home Loans

There are a few types of VA home loans, including:

  • VA home loans – A traditional VA home loan does not require a down payment for those who meet certain credit requirements. They usually have a much lower interest rate and closing costs than other types of home loans. You can also pay back this loan faster at no penalty.
  • VA jumbo loans – The current maximum loan that is insured by the government for a single family home is set at $417,000. With a VA jumbo loan, you are able to exceed that amount.
  • VA refinancing loans – If your credit score, employment or financial situation has changed, refinancing your VA home loan is an option. You have the ability to lower your interest rate, monthly payment or change the terms of your agreement.
  • VA streamline loans – Appraisal or income is often not required to secure this type of loan.
VA Home Loan Benefits

Benefits of VA Home Loan

VA loans offer many benefits, including:

  • Low interest rate – All VA loans are offered at a pre-determined low fixed interest rate.
  • Lower monthly payment – Monthly payments will not be as high because payments will be determined by a low, fixed amount of interest and no PMI.
  • No down payment – On VA loans, a down payment is not usually required. This means that you’ll have to pay much less up-front when you buy a home using a VA loan
  • Low closing costs – Closing costs are required to be minimal by the Department of Veterans Affairs. On a VA loan, closing costs are much lower, potentially saving you hundreds or thousands of dollars.
  • No private mortgage insurance – Since the Department of Veterans Affairs insures the loan, the borrower does not have to take out additional private insurance and that can save you thousands of dollars over the term of the loan.

Charles Davis

NMLS: 299652

Overview

Overview

We are proud to serve our Vets. As a veteran living in New Mexico, you worked hard for your country, putting your life on the line day in and day out to serve and protect what you love. With help from the United States Department of Veteran Affairs, now your country can give back to you in the form of an affordable home loan designed to save you money and help you get on your feet. Returning from service can be a significant challenge, especially when you have a family to support. With a VA home loan, veterans have the ability to purchase a home without the struggle, significant down payment, or costly interest rates traditional loans entail.

Veterans deserve reliable assistance in exchange for serving their country, and veteran’s assistance loans are designed to do just that. VA home loans are excellent resources for those interested in purchasing a home without requiring extensive financial resources. Many Americans don’t qualify for a standard mortgage, but VA loans make buying property simple for veterans. Featuring low interest rates, minimal down payment requirements, and a simple qualification process, it’s easier than ever to purchase a home. Not sure you want a new home? No problem – VA loans can be used to purchase an existing home, build a new home, or make improvements to a developed property. Some manufactured homes can be purchased with VA loans as well, providing flexible options to those in need.

VA Home Loan Eligibility

VA Loan Requirements

Qualifying for a VA loan requires that you:

  • Be on active duty or have been honorably discharged
  • Be a qualifying spouse or family member of a veteran
  • Occupy the home purchased
  • Credit score of 620 or higher

Types of VA Home Loans

There are a few types of VA home loans, including:

  • VA home loans – A traditional VA home loan does not require a down payment for those who meet certain credit requirements. They usually have a much lower interest rate and closing costs than other types of home loans. You can also pay back this loan faster at no penalty.
  • VA jumbo loans – The current maximum loan that is insured by the government for a single family home is set at $417,000. With a VA jumbo loan, you are able to exceed that amount.
  • VA refinancing loans – If your credit score, employment or financial situation has changed, refinancing your VA home loan is an option. You have the ability to lower your interest rate, monthly payment or change the terms of your agreement.
  • VA streamline loans – Appraisal or income is often not required to secure this type of loan.
VA Home Loan Benefits

Benefits of VA Home Loan

VA loans offer many benefits, including:

  • Low interest rate – All VA loans are offered at a pre-determined low fixed interest rate.
  • Lower monthly payment – Monthly payments will not be as high because payments will be determined by a low, fixed amount of interest and no PMI.
  • No down payment – On VA loans, a down payment is not usually required. This means that you’ll have to pay much less up-front when you buy a home using a VA loan
  • Low closing costs – Closing costs are required to be minimal by the Department of Veterans Affairs. On a VA loan, closing costs are much lower, potentially saving you hundreds or thousands of dollars.
  • No private mortgage insurance – Since the Department of Veterans Affairs insures the loan, the borrower does not have to take out additional private insurance and that can save you thousands of dollars over the term of the loan.

Charles Davis

NMLS: 299652

Testimonials

  • I recently worked with Charles at Vision Mortgage to purchase my first home. Charles was knowledgeable and worked with me to ensure that I got the best loan possible. He was very interactive and was always available to answer any questions that I had. I would definitely work with Charles again!

    Ranae Linton
  • I've worked with Charles on multiple occasions over the years for financing; both purchases and refinancing. His experience and integrity are unparalleled. I was particularly impressed with his breadth of knowledge of what's become a very arcane loan underwriting environment and his responsive, straightforward feedback about potential challenges if any when contemplating a transaction. His relationship and rapport with the lenders, title company and realtors helped ensure smooth transactions and made the process quite simple. The title company and realtors seemed to sigh relief when they learned he was our lender. I think that says it all. He's got my unequivocal recommendation; a true professional full of integrity and he's a pleasure to work with.

    Kevin Bassalleck
  • My husband and I have gone to Charles Davis twice now. Charles is wonderful to work with. He made our first home purchase seamless, answered any questions we had without hesitation and worked so hard for us. He was knowledgeable about our VA home loan and wanted to get us the best deal possible. We went to him for our refinance and it was again a wonderful experience. I recommend Charles to all my friends and family!

    Joile Rodriguez
  • I recently purchased my first home through Charlie and he was fantastic! You hear horror stories of the whole home buying experience but didn’t have one iota of that whatsoever. I used my VA home loan for this purchase and Charlie was extremely helpful and knowledgeable about the VA procedures and was continually updating us with information about every step of the process. I’ve been thinking about investment properties recently and will not hesitate to use Vision for all my future ventures and needs. I’ve already referred two family members to them and they’ve been treated with the same courtesy and professionalism I experienced!

    Angelo Baca
  • I worked with Charles to purchase my home in 2014 and again to refinance this year. On both occasions, I was impressed with their professionalism and knowledge. Every step in the process was explained and my (numerous) questions were answered promptly, patiently, and accurately. I would recommend Charles to anyone, but especially to Veterans looking for someone with specialized knowledge of VA loans and the refinance options available with these loans.

    Kymberleigh Dougherty
  • I recently worked with Charles to purchase my first home. Charles was knowledgeable and worked with me to ensure that I got the best loan possible. He was very interactive and was always available to answer any questions that I had. I would definitely work with Charles again.

    Rane Linton
  • We worked with Charles to buy our home and when we refinanced. He was always very patient and professional. He responded very quickly to any questions we had and he knew about all the VA options for buying/refinancing. I would recommend Charles to anyone

    Evan Lundberg
  • Charles is very knowledgeable, and great to work with. I have used them twice now, and will definitely use them again in the future. They are the best in the biz.

    Dave Auge
  • Charles Davis was unbelievably patient, thorough, and honest in leading us through the mortgage process. They are extremely knowledgeable, professional and very enjoyable to work with. I highly recommend them and have referred many family members and friends.

    Brandon Sehlmeyer
  • Over the past 15 Years, I’ve used Charles Davis for all my home purchases and have been extremely pleased. Charlie’s service cannot be beat, period! Last time I was sitting at the closing table the title agent commented on my interest rate and how low it was comparably. I recommend everyone to Davis Mortgage Ltd.... Charles just helped my 84-Year-old grandmother into a new condo and she was very impressed... not too common for her!

    John Denson
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