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VA Loans

Welcoming Veterans Home:

We are proud to help our Service Members and Veterans achieve the American Dream of homeownership.

Home loans backed by the Department of Veterans Affairs (VA) provide affordable home financing options for eligible Service Members, Veterans and surviving spouses.

 

VA Loan Highlights:

Since VA loans often require no down payment* with lower closing costs, you can help keep your savings secure. VA loans also feature:

  • No prepayment penalties
  • No private mortgage insurance (PMI)
  • 100% financing with full VA entitlement* 
  • Fixed- and adjustable-rate mortgages 
  • VA financing fees can be “rolled” into the loan amount
  • Variety of eligible property types, including townhomes and VA-approved condos
  • *A down payment is required if the borrower does not have full VA entitlement, or if the loan amount is greater than $424,100

     

VA Loan Eligibility:

In order to be eligible for a VA loan, you must first obtain a valid Certificate of Eligibility (COE). Your COE is based on length of service or service commitment, duty status and character of service.

VA Loan Programs:

Adjustable-Rate Mortgage

If you are currently serving in the military with a chance of relocating in the next few years, the flexibility of an adjustable-rate mortgage (ARM) could be the right option for you. ARMs offer lower introductory interest rates that can change after the initial fixed-rate period. Depending on market fluctuations after this initial fixed-rate period, your monthly payments could change due to rates increasing or decreasing.

 

Fixed-Rate Mortgage

Fixed-rate mortgages protect you against rising rates since the interest rate remains the same for the entire term of the loan. You can select a 30- or 15-year loan term. The main difference is the 15-year option has higher monthly payments, which also means you are building home equity faster. Keep in mind you can use equity as a down payment for your next home or a future cash-out refinance. If you plan on staying in your home for a longer time frame, a fixed-rate mortgage could be the right solution for you.

 

Cash-Out Refinance

If you’re already a homeowner, a cash-out refinance may help you pay for major expenses like college tuition, debt or home improvements. This option allows you to take cash out of your home equity by replacing your current mortgage with a new loan that is more than the amount owed. You can also refinance a non-VA loan into a VA loan with a cash-out refinance.

 

Interest Rate Reduction Refinance Loan

An interest rate reduction refinance loan (IRRRL) may help lower your interest rate and reduce your monthly payments by refinancing your existing VA loan. You can also refinance an adjustable-rate mortgage (ARM) into a fixed-rate mortgage with this option. However, you cannot receive cash from loan proceeds with an IRRRL.

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  • CORONAVIRUS MESSAGE

This is not a commitment to make a loan. Loan terms and conditions are effective as of the date you receive this material and may change without notice. All loans are subject to credit and property approval. Not all products are available in every State or for all loan amounts, programs or credit grades. Other restrictions and limitations apply. Some products and loans require a down payment. There are maximum loan amounts. Developer’s Mortgage Company is an approved HUD Mortgagee and is approved to originate VA loans. Developer’s Mortgage Company is an approved Fannie Mae Seller. Georgia Residential Mortgage Licensee. Illinois Residential Mortgage Licensee. In Illinois Developer's Mortgage Company originates loans under the assumed name "DMC Funding". Licensed by the N.J. Department of Banking and Insurance. In New York, Developer’s Mortgage Company originates loans under the fictitious name DMC Funding. Licensed Mortgage Banker-NYS Department of Financial Services Lic # LMB 110461. Licensed by the Pennsylvania Department of Banking and Securities. In West Virginia, Developer’s Mortgage Company originates loans under the assumed name DMC Funding Company. Developer’s Mortgage Company is licensed to conduct business in CO, CT, FL, GA, IL, IN, MD, MI, MN, NC, NJ, NY, OH, PA, SC, TN, TX and WV and may only take and solicit loan applications, and originate loans on properties, in those states. Developer's Mortgage Company is not approved to originate or solicit reverse mortgage loans in NC, NY or TN. *DMC Funding in lieu of true name Developer's Mortgage Company.

Developer's Mortgage Company is located at 2700 E Dublin Granville Road, Suite 460, Columbus, Ohio  43231

 Phone Number (614) 523-0301    NMLS ID# 225548      SM 2023    Developer’s Mortgage Company

Developer's Mortgage Company

Corporate Office:

2700 E Dublin Granville Road, Suite 460

Columbus, OH 43231

P: 844-236-8697

P: 614-523-0301

F: 614-665-6500

info@hladmc.com

 

NMLS CONSUMER ACCESS
NMLS Entity ID #225548
HUD Mortgagee #3836109998
VA #2555700000
Fannie Mae Seller

2023 All rights reserved.

This is not a commitment to make a loan. Loan terms and conditions are effective as of the date you receive this material and may change without notice. All loans are subject to credit and property approval. Not all products are available in every State or for all loan amounts, programs or credit grades. Other restrictions and limitations apply. Some products and loans require a down payment. There are maximum loan amounts. Developer’s Mortgage Company is an approved HUD Mortgagee and is approved to originate VA loans. Developer’s Mortgage Company is an approved Fannie Mae Seller. Georgia Residential Mortgage Licensee. Illinois Residential Mortgage Licensee. In Illinois Developer's Mortgage Company originates loans under the assumed name "DMC Funding". Licensed by the N.J. Department of Banking and Insurance. In New York, Developer’s Mortgage Company originates loans under the fictitious name DMC Funding. Licensed Mortgage Banker-NYS Department of Financial Services Lic # LMB 110461. Licensed by the Pennsylvania Department of Banking and Securities. In West Virginia, Developer’s Mortgage Company originates loans under the assumed name DMC Funding Company. Developer’s Mortgage Company is licensed to conduct business in CO, CT, FL, GA, IL, IN, MD, MI, MN, NC, NJ, NY, OH, PA, SC, TN, TX and WV and may only take and solicit loan applications, and originate loans on properties, in those states. Developer's Mortgage Company is not approved to originate or solicit reverse mortgage loans in NC, NY or TN. *DMC Funding in lieu of true name Developer's Mortgage Company.

Developer's Mortgage Company is located at 2700 E Dublin Granville Road, Suite 460, Columbus, Ohio  43231

 Phone Number (614) 523-0301    NMLS ID# 225548      SM 2023    Developer’s Mortgage Company