Diversified Lending - Above & Beyond Your Expectation

VA Loans

What are VA Loans?

VA loans are home loans backed by the U.S. Department of Veteran Affairs. They are designed to give men and women who have served our country, either through active duty military service or the reserve forces, federally-guaranteed loans. These loans do not require a downpayment, though they do require a funding fee. The fee varies based on the down payment offered by the buyer.

How We Help

We are proud to help veterans on the path to homeownership after their years of service to our country. We can walk you through the steps of a VA loan application. We educate you about the benefits and opportunities of VA loans, to help you make the most informed decision. You can start the process by applying for a loan today.

How it Works

Step 1: Get Organized
Get organized before you start the process. You will need:

Proof of Income

  • Salaried employee: Last 2 months of pay stubs and last two years of W2’s.
  • Self employed: Tax returns for the last 2 years and return and loss statements.
  • Bank statements for the last 3 months
  • Retirement account information (401ks, IRAs, etc.)

Proof of Service

  • Certificate of Eligibility: You must certify that you’re eligible for the VA program, which can sometimes be done through the Automated Certificate of Eligibility (ACE) program
  • Proof of Service: Provide this proof during your application for the Certificate of Eligibility to avoid delays.

You may need other information, such as:

  • If you own rental properties, you will need the rental agreements and tax returns for the last 2 years.
  • If applicable, divorce decree or settlement agreement
  • If not a U.S. citizen: A copy of green card front and back.
Step 2: Get Pre-Qualified
We help you get pre-qualified. This can be done over the phone or online. This helps you in your home purchase process to:
  • shop for a home within your approval budget
  • improve your negotiating stance as a serious buyer
  • identify appropriate loan options for your situation
Step 3: Loan Matching
We search for the loan programs and rates that fit your situation. Because we work as a brokerage, we can choose from a variety of different lenders. We find the particular loan that works best for your situation. We look at:
  • How long you plan to be in the home
  • Whether to pay extra for points at close to obtain a better rate
  • Loan program options
  • Downpayment assistance
Step 4: Pre-Approval
Once we find the right match, we'll apply for loan pre-approval. For this you will need:
  • your social security number
  • documents from step one
  • your signature
Step 5: Loan Closing
This is where we will finalize and sign loan documents. You will need:
  • Cashier’s check for any down payment or closing costs
  • Your driver’s license to verify your identity
  • Review and sign final documents

Frequently Asked Questions & Answers

Have a look at frequently asked questions & answers to understand more.
VA loans are for active and non-active service members, those who have served in the reserves or National Guard. They are also available to surviving spouses of military service members.
The VA loan funding fee is an additional fee paid to the VA. The amount varies between 1.25 and 3.3% of the total loan amount, depending on the amount of the downpayment, whether or not the VA loan has been used before, and the type of military service performed. Surviving spouses and veterans who are disabled 10% or more have their funding fee waived entirely.
Surviving spouses of veterans are eligible for VA loans. In this case, the funding fee is waived entirely. Contact us for a step-by-step walk through on the VA loan process as a surviving spouse.
Yes. You can take out a new VA loan even if you have used the program previously. This may affect the amount of your funding fee, but otherwise you are eligible for a subsequent VA loan.
No. VA loans can finance up to 104% of the home purchase price amount. This means that the funding fee may be greater than if you put down 5% or above, however it is possible to obtain a VA loan with no money down.
There are two types of refinance programs available for VA loans: cash-out refinance and streamline refinance (IRRRL). A cash out refinance allows the owner to take equity out of the home, whereas a streamline is available to reduce the interest rates.

Why They Choose Us

You know, of course, that I love working with you. You always stay in contact with the lending process and update me immediately. By tracking the process so closely, if there are any issues that need attention, you make me aware of that in time to do something about them, and get the transaction to a successful close. That is especially important in this market where we are seeing disappearing lenders and underwriters who wait to open the file the day before closing! You’re the best! I do recommend you to everyone.

I highly recommend Jerome Volk to anyone looking to finance a home. He was extremely professional, informative and helpful. It is reassuring to work with someone who we trust to do what is best for our family and financial situation.

As a first time home buyer and small business owner, the mortgage process seemed both complex and daunting. I really enjoyed working with Jerry on it, though. He was patient, answered all our questions thoroughly, and provided solid recommendations about the type of loan and process. I would definitely recommend him for home purchase and home refinance loans.

Jerry is on point: he cares, communicates and delivers! He saved us SIX YEARS on our mortgage and we can now afford to send our kids to college. With the lower rate and a payment that fit comfortably in our budget, we are very encouraged about having the ability to retire early and use the time and money we’re saving to accomplish great things. Thanks, Jerry! We recommend you wholeheartedly, enthusiastically and without reservation.

Jerry Volk was the upmost professional when my wife and I were purchasing our new home. All of or questions we had with our purchase were answered and he walked us through it with no issues. Thanks for the help to get us through this of buying our new home.

Learn More

At Diversified Lending, we're here to ensure that you have the best information to make a decision for your future. Whether you are ready to buy today, or just looking to get started on the process and plan for the future, we're here to help you get started with the mortgage loan tools and programs to get you in your new home.

Get the process started today!

You can own your own home for less than the cost of your current rent payment.
Call Us Now (719) 266-4038
Emal Us info@divlending.net
Our Company 5350 Academy Blvd N #204