Home Point Financial proudly offers Illinois VA Loans to American Veterans. IL VA Loans are available to veterans, active duty service members, US National Guard and reserve members, surviving spouses and others seeking home ownership in Illinois.
Requirements and Eligibility for Illinois VA Loans
- Eligible for IL homes which the qualified borrower is going to occupy
- Good credit score
- Sufficient income
- Valid Certificate of Eligibility
VA Loans (Illinois) – Benefits and Features
- 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.