Veterans First Home Mortgage Review

Veterans First Home Mortgage is offered by Veterans First Mortgage (NMLS #449042), a direct lender founded in 1996 and based in Salt Lake City, UT. Veterans First Home Mortgage is available in 46 states (and Washington, DC).

• Only two mortgage programs offered. Veterans First Home Mortgage provides FHA VA conforming and conventional mortgages.
• Specializes in multi-family properties. Only offers mortgages for multi-family properties, but not for single-family homes or manufactured homes.
• Standard interest rates types. Veterans First Home Mortgage offers and fixed-rate mortgages.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Veterans First Home Mortgage does offer financing for primary and secondary homes (e.g. vacation properties).
• Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.

How much can you borrow via Veterans First Mortgage?

Veterans First Mortgage allows borrowers to apply for loan amounts of up to $424,100. Note that the maximum loan amount you can borrow will also vary depending on the type of mortgage you choose, regardless of the lender you choose.

What mortgage rates does Veterans First Mortgage offer?

Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.

Veterans First Mortgage offers home loans with APRs starting at 3.27% .

Does Veterans First Mortgage charge an application fee?

Do they charge mortgage origination fees?

Yes, Veterans First Mortgage may charge a loan origination fee.

What mortgage programs are available?

Veterans First Mortgage offers the following mortgage types:

• Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
• FHA loans: FHA loans are mortgages insured by the FHA. They offer competitive mortgage rates and have less stringent eligibility requirements. However, borrowers must pay a mortgage insurance premium. For instance, you can apply for an FHA loan with a credit score as low as 580. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
• VA loans: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses. VA loans offer competitive mortgage rates, and don't have a minimum credit score. However, the mortgage lenders that offer them will typically require a credit score of at least 640.

What property usage types does Veterans First Mortgage allow?

Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Veterans First Mortgage allows the following property usage types: 

• Primary home

What is the customer service phone number?

The customer service number for this business card is (801) 493-2700.

How do people rate the customer service and user experience?

Overall, this business credit card is mostly not recommended based on community reviews that rate customer service and user experience.