VA Loans

VA Loans are designed to offer special financing to military veterans and active military members and their families. VA Mortgage Loans are issued by federally qualified lenders, such as Bank of England Mortgage in Troy, and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender. The VA guarantees a portion of the loan to allow the veteran to purchase a home with little to $0 down. It is generally easier to credit qualify for VA Loans than some conventional loans.

VA Loan

Advantages of VA Loans

There are several great benefits to a VA Loan if you qualify including:

  • 100% financing available (No down payment)

  • Lower interest rates than most other programs

  • Cash-out refinance up to 100% of home value

  • Rate reduction refinances with no appraisal

  • No monthly mortgage insurance

  • Waived VA Funding Fees for disabled or qualifying veterans

  • Can be used multiple times

  • No max loan amount if using for the first time or full benefits have been restored

At Bank of England Mortgage, we honor and salute the men and women that have served our great country and would be honored to serve you in purchasing your new home or refinancing your current one. That’s why we strive to be your VA mortgage experts and provide you with upfront and honest service to assist with your mortgage.

To active and retired members of the United States military and your families… Thank you for your service!

Get Pre-Approved for a VA Loan

Applying for VA Loans with an experienced Mortgage Banker is important to ensure you get the most accurate and honest guidance that you deserve. Alex Kandah and his team have extensive knowledge and vast experience with VA Loans to guide you through every step of the process. If you are looking to purchase or refinance a home using your VA benefits in Troy, Michigan, or anywhere else in the United States, contact Bank of England Mortgage Troy at (248) 633-8555 or simply fill out the form on this page for prompt, professional, honest guidance. We have helped clients with VA Loans all over the United States, including Michigan, California, Arizona, Georgia, Alaska, Florida, Texas, Nevada, Colorado, Ohio, and Illinois – just to name a few.