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VA Loans

We are committed to helping military families across the country.

Home - Loan Products - VA Loans

Why Choose a VA Mortgage?

We are proud to help our Service Members and Veterans obtain the keys to their own home. Home loans backed by the Department of Veterans Affairs (VA) provide affordable home financing options for eligible Service Members, Veterans and surviving spouses.

Benefits

  • Available to help Veterans and Service Members purchase the home of their dreams
  • Veterans can qualify for ZERO down payment and no PMI!
  • A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $484,350*

General Guidelines

  • Gift for down payment and closing costs allowed
  • 6 months PITI reserves are required for a 2-4 unit property being purchased and occupied by the Veteran
  • VA Funding Fee is included in the loan amount – Disabled Veterans may be exempt
  • Seller can contribute towards Veteran’s Closing Costs
  • Great first time and move up buyer program
  • Owner-occupied primary residences 1-unit single-family residences (SFRs) and PUDs
  • VA approved condominiums
    1-4 Unit Properties – Veteran must occupy one of the unIts

Mortgage Insurance

  • None required

*A down payment is required if the borrower does not have full VA Entitlement, or if the loan amount is greater than $453,100. VA loans subject to individual VA Entitlement amounts and eligibility, qualifying factors such as income and credit standards, and property limits. CMG Home Loans is not affiliated with any government agencies. These materials are not from VA, HUD or FHA, and were not approved by VA, HUD or FHA, or any other government agency.

Ready to partner with us? Call John Teweles at 855-438-6845 to get started!

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  • 1-800-3-LOW-RATE
  • 32100 Telegraph Rd #220, Bingham Farms, MI 48025

John Teweles NMLS# 131233
Branch Manager
855-438-6845

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17170 West 12 Mile Road Southfield, MI 48076

Complaints may be directed to (800) 356-9728 or Email us: [email protected]

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Capital Mortgage Funding is powered by CMG Home Loans, NMLS ID# 1820

CMG Home Loans is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal housing lender. Licensed by the Department of Financial Protection and Innovation (DFPI) under the California Residential Mortgage Lending Act No. 4150025.; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Hawaii Mortgage Loan Originator Company License No. HI-1820. Mortgage Servicer License No. MS068. Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; Registered Mortgage Banker with the Texas Department of Savings and Mortgage Lending, and Licensed by the Virginia State Corporation Commission #MC-5521. Licensed by the Washington Department of Financial Institutions under the Consumer Loan Act No. CL-1820. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. NMLS Consumer Access (www.nmlsconsumeraccess.org) This site is not authorized by the New York State Department of Financial Services. No mortgage loan applications for properties located in the State of New York will be accepted through this site

 

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