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VA Mortgage Loans

What you need to know

Veterans Affairs mortgages, better known as VA loans, make it easier for veterans to get financing to buy a home. The U.S. Department of Veterans Affairs is not a direct lender, but they do guarantee the loans provided their guidelines are met.

Eligible veterans, reservists, and Active Duty personnel and their eligible spouses with suitable credit, sufficient income and a valid Certificate of Eligibility (COE) can take advantage of 100% financing options. The property must be occupied by the veteran as their primary residence.

VA loans can offer:

  • Finance options up to 100% for qualified borrowers
  • Fixed rate options
  • Maximum loan amounts determined by property location
  • No Private Mortgage Insurance (PMI) or Upfront Mortgage Insurance Premium (UMIP) required
  • Seller contribution up to 4% are allowed
  • Refinance options are also available

To find out more and ask about current rates, please contact us at 901.380.7530 or at

apply for First South Financial VA loan

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