For Home Buyers and Homeowners
VA Loans Built for Your Next Chapter
Use your hard-earned VA benefits to buy or refinance a home with $0 down, no private mortgage insurance (PMI), and competitive rates — all made fast and easy with Mortgage King.
VA loans we offer
Get matched with a mortgage and interest rate designed to reach your homeownership dreams. We'll look for all the options you have, not just VA.
Start my approvalFixed-rate VA loan with a 30, 25, 20 or 15-year term
Combines the stability of an interest rate that doesn't change with a loan length that fits your budget and future plans.
VA jumbo loan with a fixed rate
Jumbo loans for larger loan amounts are typically harder to qualify for, but a VA jumbo makes it easier.
VA adjustable-rate mortgage
Our VA ARM has a competitive interest rate for the first 5 years, then adjusts every year after.
The guidelines for VA loan refinancing
If your details are close to these guidelines, we encourage you to apply or talk to us so we can look for all the ways you can qualify.
Service
Whether you have a VA loan now or want to explore refinancing to one, we can help you navigate VA service requirements.
Credit
Your credit can be as low as 580 to refinance to or from a VA loan. If it's somewhat lower talk to us, we have ways to help.
Debt & income
Ideally less than 45% of your income should be going to pay debt.
Closing costs
You'll pay around 3-6% of the amount you're financing for closing costs, often rolled into the loan.
The Benefits of a VA Loan
Access More of Your Home Equity
With a VA loan, you can access up to 100% of your home’s equity — much more than the typical 80% allowed with a conventional loan.
Lower Credit Requirements for Cash-Out Refinancing
Looking to tap into your equity? VA loans allow cash-out refinancing with credit scores as low as 580.
Streamlined Refinance Option (IRRRL)
Already have a VA loan? You may qualify for a VA Interest Rate Reduction Refinance Loan (IRRRL) — a fast, easy way to lower or stabilize your monthly payment with minimal paperwork.
Answers when you need them. Real people when it matters.
Mortgage King Assist is available 24/7 to help you navigate your mortgage questions — quickly, clearly, and without the stress. And when you're ready, we’ll connect you with a mortgage expert to help you take the next step.
Answers when you need them. Real people when it matters.
Mortgage King Assist is available 24/7 to help you navigate your mortgage questions — quickly, clearly, and without the stress. And when you're ready, we’ll connect you with a mortgage expert to help you take the next step.
Frequently asked
questions
Answers to the most common questions we get
about ONE+
Can someone co-borrow with me on an FHA loan?
Yes, FHA loans allow co-borrowers—even if the co-borrower won’t be living in the home. This can help you qualify for a higher loan amount by combining incomes.
However, if you’re relying on a non-occupant co-borrower to meet income requirements, certain guidelines must be followed. In some cases, you may need to contribute a higher down payment.
Eligible co-borrowers can include:
Parents or other family members
Domestic partners or spouses
Close friends or individuals with a proven relationship
Roommates (in limited circumstances, depending on guidelines)
Make sure to check with your lender about specific co-borrower rules.
Can I make a down payment greater than 3.5%?
Absolutely. While FHA loans only require a 3.5% minimum down payment, you can choose to put down more. Doing so could lower your monthly mortgage payments and reduce your loan’s overall interest costs.
Are FHA loans available only to first-time buyers?
No, FHA loans are open to all qualifying buyers—first-time or repeat. The program is designed to help anyone who meets the credit, income, and down payment requirements.
How do FHA loan interest rates compare to other loans?
FHA loan rates are typically competitive with standard market rates. Because they’re backed by the government, lenders often offer FHA loans at lower rates—especially for borrowers with less-than-perfect credit.
Can I get help with my down payment on an FHA loan?
Yes! FHA loans allow the use of down payment assistance programs, which can come from local or state housing agencies, employers, or even family members. Check with your lender about available programs in your area.
What refinancing options do FHA loans offer?
There are several refinance paths available with FHA loans:
FHA Streamline Refinance: A fast and easy way to lower your interest rate or monthly payment with minimal paperwork, if you already have an FHA loan.
Cash-out Refinance: Allows you to tap into your home equity, although you’ll need to meet credit and appraisal requirements.
FHA to Conventional Refinance: You might also be able to refinance into a conventional loan to get rid of mortgage insurance once you build enough equity.
Estimate and Explore Your Options
See what’s possible with Mortgage King’s easy-to-use tools.
Estimate and Explore Your Options
See what’s possible with Mortgage King’s easy-to-use tools.
Estimate and Explore Your Options
See what’s possible with Mortgage King’s easy-to-use tools.
Achieve your homeownership goals
with an FHA loan