Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards and requirements than conventional loans. In fact, about 80 percent of VA borrowers could not have qualified for a conventional loan. These loans also come with no private mortgage insurance (PMI), a monthly expense that conventional borrowers are required to pay unless they put down at least 20 percent of the loan amount.
Down payment as low as 0%.
Competitive interest rates that are routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting
"Steve is a pleasure to do business with. Very kind, patient, knowledgeable and completes task, duty, job in a timely manner. This was my first time purchasing a home and he made the process painless. No one can believe the turnover time. I would highly recommend Steve to anyone and everyone they would surely benefit from his services."
"I am not a person to normally write reviews however I had such a positive experience and I cannot recommend Steve Jacobson enough. I have used other mortgage companies / brokers and it has always been nothing short of frustrating. Lost paperwork, lack of communication, delays, etc. Steve was on top of everything from day one. He communicated with us from start to finish, always answered the phone when I called (regardless of time), kept us updated of any and all changes, and made the whole mortgage process from start to finish as seamless and smooth as possible. He is extremely knowledgeable about the industry / changes and I believe his experience and knowledge guided us to make the best financial decisions when choosing our mortgage. We were even able to close early thanks for Steve's promptness and efficiency. I have recommended Steve to several friends already and we will continue to use him for all of our mortgage needs in the future. "
"Securing me a 2.75% interest rate on my 30 year FHA loan is evidence of Steve’s expertise, professionalism, networking, and multitasking capabilities. With his many years of experience at the helm, Steve is a master in meticulously navigating the many channels that make up real estate industry. In always maintaining contact and being readily available, Steve is a natural educator in that from start to finish, he will simplify the home purchasing process and enlighten you with easy to understand answers to any questions you may have along the way, heartfelt and stress free. I will be seeking Steve’s guidance and expert knowledge again in the near future, and will continue to refer family, friends, and colleagues his way. Thank you Steve!"
Steve always made himself available when a question would arise. He never made us feel like we were inconveniencing him. He would also reach out to us to make sure we still on track. We would recommend Steve to everyone.
Mr. Jacobson is the most knowledgeable, professional and prompt loan officer i have ever delt with. went above and beyand to get me the best loan and closed on time. He actually got me 100%approved with the loan where others got me denied cuz didnt want to deal with my situation where it requires more paperwork and lots of knowledge. Can't really thank Mr steve jacobson enough for the awesome job he did. It was as easy as buying a phone.
Steve made the process very easy. He was very knowledgeable about the various mortgage options . He maintained contact and always responded to questions quickly.
If there were six stars for Responsiveness and Follow Through Steve would deserve them all. I have already recommend him to multiple friends. His knowledge of mortgages is unmatched. I had special circumstances and Steve was able to me multiple options.