VA Loans at Park 65 Lending

“Empowering Veterans and Service Members to Achieve Homeownership”

VA Loans are government-backed mortgages designed to help Veterans and active-duty military members purchase homes with no down payment. At Park 65 Lending, we strive to ensure that both current and former service members fully understand the homebuying process—from pre-approval to closing.

Key Benefits of VA Loans at Park 65:

(1) No Down Payment Required
First-time use of your VA loan requires 0% down. Repeat use may require a down payment, depending on your entitlement status.

(2) Lenient Credit Requirements
VA loans are more forgiving when it comes to credit. We often help Veterans qualify with credit scores as low as 580.

(3) Higher Purchase Power
VA loans allow higher debt-to-income ratios than conventional loans, giving you access to more home for your budget.

(4) No Mortgage Insurance
Even with 0% down, VA loans do not require monthly mortgage insurance.

(5) Waived Funding Fees
If you have a service-connected disability, we waive the VA funding fee.

(6) Tax-Free Income Counts
We include BAH, BAS, and disability income when evaluating your loan application.

(7) Streamlined Refinance Options
Refinance your existing VA loan without an appraisal and close fast.

(8) Condos Welcome
We close on VA-approved condominiums, expanding your housing options.

VA Loan FAQs

(1) Do VA loans take longer to close?
Not at Park 65. Our expertise allows us to close VA loans in as little as 2–3 weeks. Other lenders may take 4–5 weeks due to limited VA experience.

(2) Can I buy a home with no savings?
While VA loans require no down payment, you will need funds for closing costs (typically 2–3% of the purchase price). We work with your realtor to structure your offer so the seller can cover these costs when possible.

(3) Can sellers pay my closing costs?
Yes. VA loans allow sellers to contribute up to 4% of the purchase price toward your closing costs or to buy down your interest rate.

(4) Are VA loans harder for sellers to accept?
Some sellers and agents may have outdated misconceptions about VA loans. At Park 65, we proactively reach out to listing agents and sellers to clarify the strength of your offer and ease any concerns.

(5) Can I use my VA loan benefits more than once?
Yes. VA loan benefits can be reused. A Park 65 loan officer can help determine your eligibility for 0% down on future purchases or refinances.

(6) Are VA appraisals more difficult?
VA appraisals ensure homes meet safety and livability standards. While slightly stricter than conventional appraisals, they aren’t significantly harder when you're working with a VA-savvy lender like Park 65.

(7) Do VA appraisals come in low?
Contrary to popular belief, VA appraisals typically align with conventional valuations. Our experience shows no consistent pattern of VA appraisals undervaluing homes.

Get Started Today

Park 65 Lending has the VA expertise you need to purchase or refinance with confidence. Connect with one of our VA loan specialists today—we’ll help you navigate every step of the process quickly and clearly.