VA Loans & VA Refinancing

VA Loans for Purchasing and Refinancing Homes

Capital Bank is a national lender with expertise in veteran mortgage ­– so you feel like you are speaking to your local expert.

If you’ve come here looking for answers to your VA loans question, you’ve come to the right place! At Capital Bank, N.A., not only are we experts on VA loans, but we’re pretty proud to be working with U.S. service members too. We understand the sacrifices you’ve made to serve our country. Now it’s our turn to serve you by helping you secure one of the best mortgage loan programs out there through our nationwide network of lenders – VA loans.

Through Capital Bank, N.A.’s experience with VA and FHA loans, we’ve put together important guides and reference material for basically every State and most of the top-populated Veteran cities in the United States.  This site will never ask you for any confidential information.  You will only provide this information to the lender at Capital Bank that will work with you directly.  We simply ask for some general information to make sure we can contact you to get your application started.

How VA Loans Work

VA loans work just like any other kind of home loan. VA loans are available for fixed rates, usually at 15 or 30-year terms. The best VA loans have rates below the prevailing fixed interest rate for mortgages; but it’s important to understand that not everyone will qualify for the best rate. The rate you receive will be dependent on your income, credit and employment history, among other factors. Your Capital Bank, N.A. loan specialist will help you understand these factors.

The major difference between VA loans and traditional mortgage loans is VA loans are available to current and ex-members of the U.S. military ONLY and they are guaranteed by the federal government. This guarantee helps protect lenders from borrowers who may default on the loan and is a prime reason VA loans are so affordable.

In addition to low interest rates, with the government backing VA loans, you:

  1. don’t need to pay costly Private Mortgage Insurance (PMI) every month as is required with many other mortgages,
  2. don’t have to provide a down payment on the loan,
  3. enjoy a higher debt-to-income ratio limit of 41% compared to just 36% for non-VA loans,
  4. can still qualify even if you’ve declared bankruptcy, and
  5. can pay off VA loans early without incurring pre-payment penalties.

VA loans are available only through qualified lenders. Not every lender offers VA loans, only those approved by the federal government. For those that are, like Capital Bank, N.A., you’ll need to go through the pre-approval and application process, which you can start online today. Once you’ve been pre-qualified you’ll have a budget number to work with and can start house-hunting!

Getting Pre-Qualified For VA Loans At Capital Bank, N.A.

Getting pre-qualified for VA loans is the first step towards owning your own home. The first thing to do is check your eligibility. In general if you’re a Veteran, on active duty or are the surviving spouse of a servicemember and you have not yet remarried, you qualify for the VA loans program.

To get pre-qualified our lenders will need a few items from you including:

  1. Name
  2. Social Security Number
  3. Income
  4. Amount of Loan Sought
  5. Assets (savings, down payment)

We, ourselves, never ask you for any confidential information.  You will only provide this information to the actual lender, directly, privately, and securely.

They’ll also need your Certificate of Eligibility (COE). You can obtain this from the VA using Form 26-1880 – Request For A COE For Home Loan Benefits. If you can’t find it or are having trouble obtaining it, we may be able to help you. Just How Big Is The VA Loans Program?

The VA loans program started in 1994 as a way to help Veterans returning from the war afford a home. In 2011, 357,594 U.S. Veterans and active duty military members obtained VA loans. This is up from just 199,160 in 2000. Today there are over 1.8 million active VA loans in the U.S.!

Join millions of your military brothers and sisters in homeownership with help from Capital Bank, N.A.. To discuss your situation in depth call us at (866) 216-3577 or contact us online or if you’re ready to start the process!