We use the VA mortgage programs to empower buyers. It's nice to be known as one of the fastest in delivering the VA mortgage product in an otherwise slow lending market.
San Diego, California (PRWEB) October 9, 2009
iFreedom Direct Corporation, a top national VA mortgage lender, has opened a new office in San Diego. The branch office is operating in full swing offering specialty origination of VA purchase and refinance loans. Because California has the largest military population in the country, and the demand for VA loans has nearly tripled in San Diego in twelve months, iFreedom Direct has answered the call to provide local VA specialty lending in the heart of the city.
VA loans obtained through iFreedom Direct are some of the most efficient mortgages in the country. The company's in-house processors and underwriters, specialists in VA programs, are processing more than half of their VA loans in three weeks or less. In today's lending climate, many borrowers can expect to wait more than six weeks for mortgage processing, a duration that can be a deal breaker in some home purchase contracts.
When buyers are competing with other home offers, a cash offer is hard to beat. But most Americans are not in a position to pay cash for a home. Homebuyers with VA benefits can utilize some of the most flexible mortgage programs available. VA borrowers enjoy relaxed income and credit qualifying standards, as well as no private mortgage insurance (PMI), which alone can save a borrower hundreds each month.
Because the VA guarantees 25% of each veteran's loan, and 100% financing is available, no money down would be required on a purchase. This VA guaranty along with free regional mortgage counseling attributes to one of the most secure mortgage programs in the industry. In fact, VA-guaranteed loans have a lower failure rate than most other programs. VA borrowers are further protected with the VA appraisal process. The VA will only provide its guaranty for homes that are structurally sound and free of health and safety hazards.
Headquartered in Utah, iFreedom Direct funds VA mortgages in almost every U.S. state. The company has VA approval to originate and underwrite VA home loans. iFreedom Direct's professionals have specialized in government-backed mortgage lending for over 20 years, and can assist current and former members of the armed forces with VA loan products such as a new purchase, streamline refinance, and cash-out refinance for debt consolidation or home improvements.
iFreedom Direct's President, Richard Bailey, says, "We use the VA mortgage programs to empower buyers. It's nice to be known as one of the fastest in delivering the VA mortgage product in an otherwise slow lending market."
To learn more about VA mortgage programs from iFreedom Direct, visit http://www.DirectVALoans.com.
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