Getting the Lowest Mortgage Rate
In the past several years, mortgage rates have risen from record lows to the highest in decades. High rates and high housing prices are a tough combination for potential homebuyers ...
VA Mortgage
We’re proud to honor your service
A VA mortgage provides home financing guaranteed by the U.S. Department of Veteran Affairs for qualified veterans, reservists, active duty personnel, or eligible family members. Low down payment options are available. As an active duty or veteran member of the armed forces, you’ll need to show a copy of your DD-214 or current military ID, or a Salem Five loan officer can help obtain your DD-214 for you.
- Flexible income, debt, and credit requirements
- Private mortgage insurance is not required
- Available in a variety of fixed rate and adjustable rate loan options
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Other Articles of Interest
Understanding VA Loans
VA loans are issued by private lenders but guaranteed by the U.S. Department of Veterans Affairs (VA). They are available to active-duty service members, eligible veterans, and ...
What Is a Jumbo Loan?
Jumbo loans, or jumbo mortgages, are designed for financing properties that exceed the loan limits set by the Federal Housing Finance Agency (FHFA) for conventional mortgages ...
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Los Documentos y formularios que prevemos para abrir y mantener su cuenta, Con Salem Five, son proporcionados en inglés.