About VA Loans
A VA loan is backed by the Department of Veterans Affairs and is available only to veterans, service members, and surviving spouses. The VA guarantees a portion of the loan, but it is financed by private lenders, such as mortgage companies and banks. There are several types of VA loans, including the VA Interest Rate Reduction Refinance Loan (IRRRL), the VA Energy Efficient Mortgage, and the Native American Direct Loan (NADL). A veteran himself, Everest Lending founder James DiBattista purchased his current home with a VA loan.
Benefits
No down payment required in most cases
Competitive interest rates
Limited closing costs
No requirement for private mortgage insurance (PMI)
A lifetime ability to use the guaranty multiple times
Requirements
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While there is no minimum credit score, lenders usually expect 620 or more
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Must be a veteran, active-duty service member, or surviving spouse
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Stable, reliable income and a debt-to-income (DTI) ratio of 41%
Secure Your Loan With Everest Lending
Ready to buy or refinance? Contact Everest Lending to determine if a VA loan is the right option for you. With over 25 years of home loan experience, our team guides you through your mortgage options and the application process, helping you secure funding for your new home.
Why Choose Everest Lending?
Wide Range of Loan Options
Personalized Assistance
Competitive Mortgage Rates
Virtual & In-Person Consultations
Service Areas
Trusted Mortgage Solutions Near You
Everest Lending proudly serves clients across Pennsylvania with a full range of mortgage and lending solutions. Whether you’re purchasing a new home, refinancing, or securing funding for a property investment, our trusted team is here to guide you every step of the way. And since we’re local, we can even attend closings in person to ensure everything goes smoothly.