Discover the benefits of working with Atlantic Bay today!
Atlantic Bay is dedicated to providing the finest personal service to all of our valued clients and trusted business partners.
Great Rates. Average closing time is less than 28 days. With over 100,000 homeowners served, our streamlined approval process makes it easy for you to find the best loan for your situation. You’ll find peace of mind knowing that your best interests are what guide your loan application through the entire mortgage process.
We are VA Home Loan Pros!
VA loan programs are available to eligible veterans for the purchase of a home. VA loans encourage lenders to offer loans to veterans by protecting lenders against loss if the borrower cannot make the payments. VA loans are particularly beneficial to those veterans that do not have much cash available. VA guidelines allow higher front-end and debt ratios compared to other loan programs.
VA Loan Benefits:
No down payment requirement
More favorable interest rates are frequently offered by lenders because of the VA’s guaranty
Ability to finance funding fee
No mortgage insurance premiums
Maximum loan amount may be 100% of appraised value of home or purchase price, whichever is lower. Appraised value is determined by a VA-approved appraiser.
Maximum loan amount is up to four times the VA eligibility entitlement (currently $121,087.50 with a maximum loan amount of $484,350 for 100% financing)
Allows for no cost, no qualifying “streamline” refinance