Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.
"Paul helped us close on a house this past fall and he was a pleasure to work with. I shopped around between multiple brokers and two banks. Paul was the most competitive price-wise and was extremely responsive and organized. The seller was pushing for an accelerated closing due to personal reasons and Paul made sure we got everything together and in place to close on time."
"I worked with Paul Cook at Post Creek Mortgage to purchase my home in March 2013. Paul's rates were very competitive and his responsiveness could not be beat. He did a great job explaining the process and answering all of my questions. He was always willing to come to me when needing signatures during the underwriting process. When closing got tricky, Paul kept a level head and moved the process along at a steady pace. I would highly recommend him for all of your home buying and refi needs!"
"Paul Cook provides much more than mortgage services. He is able to take the time and provide a consultative approach in walking you thru your options of a mortgage. He takes the time to understand your specific needs and qualifications to make sure you feel good about what he recommends. In a day when large companies often loose focus on the service aspect of business, Paul goes above and beyond to make sure you recognize this key difference he provides thru his company."