Illinois VA Mortgages

Are you a veteran in Illinois interested in purchasing or refinancing a home in Chicago, Aurora, Joilet, Rockford or elsewhere? Home Point Financial proudly offers Illinois VA Loans to American Veterans. IL VA Home Loans are available to veterans, active duty service members, US National Guard and reserve members, surviving spouses and others seeking home ownership in Illinois.

Illinois VA Loan Requirements

Eligible for IL homes which the qualified borrower is going to occupy
Good credit score
Sufficient income
Valid Certificate of Eligibility

What are the Features of a VA Loan?

Down payment is not required for Illinois VA Loans
No prepayment penalties
No private mortgage insurance to pay each month
Illinois VA Loan closing costs can be paid by the seller
IL loans are assumable by qualified borrowers
Veteran may reuse entitlements

There are a number of VA Loan programs in Illinois including Illinois Purchase Loans, Cash-Out Refinance, etc. Apply now or contact Home Point Financial’s loan specialists to learn more about VA Loans in Illinois.

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