What are VA Home Loans?
VA (Veterans Administration) home loans are available to individuals who have served or are currently in the U.S. armed forces that meet eligibility requirements. VA home loans may be provided with no down payment requirement, making them ideal for first-time borrowers. Requirements are generally 2 years in the armed forces with veterans benefits. A Certificate of Eligibility (COE) is required. The seller can pay closing costs and prepaid items. There is a 100% financing option and there are no penalties for prepayment.
Paramount Bank appreciates our Veterans and all they do each and every day to keep us safe. Because we want to show this appreciation to the men and women who make these sacrifices for our freedom, Paramount will now waive the lender’s Origination Fee of $1,095.00 on all VA home loans. It is our way of saying “thank you” to our Veteran clients.