Home Point Financial proudly offers Rhode Island VA Loans to American Veterans, active duty service members, US National Guard and Reserve members, surviving spouses and others seeking home ownership in Rhode Island.
Requirements and Eligibility for Rhode Island VA Loans
- Eligible for homes which the qualified borrower is going to occupy
- Good credit score
- Sufficient income
- Valid Certificate of Eligibility
VA Loans – Features and Benefits
- Down payment is not required for VA Loans
- No prepayment penalties
- No private mortgage insurance to pay each month
- VA Loan closing costs can be paid by the seller
- Loans are assumable by qualified borrowers
- Veteran may reuse entitlements
There are a number of VA Loan programs in Rhode Island including Purchase Loans, Cash-Out Refinance, etc. Contact Home Point Financial's loan specialists to learn more.