ClearPath Lending, a VA home loan origination firm, has provided more than 50,000 mortgage loans that were guaranteed by the Department of Veterans Affairs or insured by the Federal Housing Administration (FHA) since the company was founded in 2012, according to a release.
“It’s an honor to serve the VA home refinancing needs of our nation’s veterans, active servicemembers and their families,” ClearPath Lending Operations Director Adam Mercado said in the release. “I’m also proud to have helped many other American families utilize FHA mortgages to achieve the American Dream.”
VA-guaranteed mortgages enable veterans and active duty servicemembers to buy a home with no down payment. Those who have served the country as well as their families are entitled to use the VA mortgage benefit.
With FHA-insured mortgages, homebuyers with lower credit scores can purchase a home with only a 3 percent down payment. FHA loans are available to all qualified borrowers, although there are loan limits based on the county in which the borrower lives, the release stated.
“I’m grateful that we’ve been able to serve the refinancing and cash out needs of our valued customers using the homes where so many of them will be spending their holidays this year with their families,” Mercado, who is a U.S. Marine Corps veteran, said. “We look forward to helping even more borrowers next year, especially veterans, active duty servicemembers and their families, who have sacrificed so much for our country.”