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888.638.5030

FHA & VA Loans

Federal Housing Administration (FHA) loans provide fixed‐rate and adjustable‐rate financing with down payment options as low as 3.5%.

  • May allow you to use a gift or grant for all or a portion of down payment and closing costs.
  • Require less cash upfront, but you typically have to pay FHA mortgage insurance premiums.
  • Let you qualify with a co‐applicant, even if the person doesn’t live in the home.
  • Ask an Efinity mortgage consultant to help you compare the monthly and long‐term costs of all loans. Mortgage insurance requirements may cause you to pay more over the life of the loan

FHA Loans

  • Original pay stubs for the most recent 30 day period for all your income sources
  • W-2 forms for the past two years (Tax Returns if self employed)
  • Original savings, checking and money market account statements for the past 3 months (all pages)
  • Most recent 401-K or profit sharing statement
  • Fully executed contract of sale with copy of the earnest money check (Purchase Only)
  • Landlord or mortgage company address and phone number for the previous two years
  • Copy of last Note and Settlement Statement (Refinance Only)
  • Insurance agent’s name and phone number and the Homeowners insurance premium amount for the property you are purchasing. This must be received 10 days prior to your closing.
  • Copy of Borrower and Co-Borrower’s Driver’s License

Department of Veterans Affairs (VA) loans provide fixed‐rate and adjustable‐rate financing for veterans and other borrowers who meet the eligibility requirements of the VA program. Please see a home mortgage consultant for details.

  • Offer low‐ and no‐down payment options, and do not require monthly mortgage insurance.
  • Allow closing costs to come from a gift or grant.
  • Require a one‐time VA funding fee that can be financed into your loan or paid in cash at closing.
  • You may obtain VA financing for your primary residence only.
  • You may be able to finance up to 100% for loans up to $417,000 in most areas. Higher loan amounts may be available in certain areas.

VA Loans

  • Original pay stubs for the most recent 30 day period for all your income sources
  • W-2 forms for the past two years (Tax Returns if self employed)
  • Original savings, checking and money market account statements for the past 3 months (all pages)
  • Most recent 401-K or profit sharing statement
  • Original certificate of eligibility and copy of DD-214
  • Fully executed contract of sale with copy of the earnest money check (Purchase Only)
  • Landlord or mortgage company address and phone number for the previous two years
  • Copy of last Note and Settlement Statement (Refinance Only)
  • Insurance agent’s name and phone number and the Homeowners insurance premium amount for the property you are purchasing. This must be received 10 days prior to your closing.

Fees to Efinity Home Loans typically include:

Credit Reports starting at $35.00
Appraisals starting at $475.00
$19.00 for Flood Certificate

Contact us for more information on FHA & VA Loans.