A VA loan is a federal program for veterans, members of the military, or a surviving spouse of a veteran purchasing a primary residence. A VA loan allows a qualified borrower to finance 100% of the home’s value and purchase with no down payment.

Our Loan Officers will work with you to determine which type of loan best suits your needs and budget. Contact your local branch and ask to speak with a Loan Officer.

Purchase

  • Primary residence only
  • 100% with no down payment and sufficient eligibility
  • No monthly mortgage insurance
  • Funding fee may be financed into the loan
  • Unlimited seller contribution toward buyer’s closing cost
  • Gift funds allowed

Refinances

  • Primary residence only unless it is an Interest Rate Reduction Refiance Loan (IRRRL)
  • 90% of appraised value plus funding fee
  • There must be an existing lien on the property that will be paid off

Interest Rate Reduction Refinance Loan (IRRRL)

  • Refinance of existing VA loan
  • New loan may include payoff of current VA mortgage and closing costs
  • Appraisal not required
  • Purpose is to reduce the interest rate, shorten the term or convert adjustable loan to fixed loan
  • Current VA mortgage cannot be delinquent
  • No late mortgage payments in the last 12 months

Purchase – Second Home

  • Unit Properties Only
  • Up to 85% Financing
  • 15% Down Payment
  • Private Mortgage Insurance required for Loan to values >80%
  • Maximum of 4 properties financed
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Rate/Term Refinance – Second Homes

  • 1 Unit Properties Only
  • Up to 85% Financing
  • Closing costs can be included in loan amount up to 85%
  • Private Mortgage Insurance required for Loan to values >80%
  • Maximum of 4 properties financed
  • Limited cash back at closing
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Cash out Refinance – Second Homes

  • 1 Unit Properties Only
  • Up to 75% Financing
  • Closing costs can be included in loan amount up to 75%
  • Maximum of 4 properties financed
  • 6 months Ownership required
  • Unlimited funds back at closing
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Purchase – Investment Properties

  • Unit Properties – Up to 80% Financing
  • 2-4 Unit Properties – Up to 75% Financing
  • Maximum of 4 properties financed
  • Seller can pay up to 2% of sales price for closing costs
  • Gift funds not allowed for down payment
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Rate/Term Refinance – Investment Properties

  • Unit Properties
  • Up to 75% Financing
  • Maximum of 4 properties financed
  • Closing costs can be included in loan amount up to 75%
  • Limited cash back at closing
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Cash out Refinance – Investment Properties

  • Unit Properties – Up to 75% Financing
  • 2-4 Unit Properties – Up to 70% Financing
  • Maximum of 4 properties financed
  • Closing costs can be included in loan amount
  • 6 months Ownership required
  • Unlimited funds back at closing
  • Fixed Rates available from 10 to 30 Years
  • Adjustable Rates available

Harp – Refi Plus – Fannie Mae (Available through December 31, 2015)

  • Mortgage loans with note dates prior to June 01, 2009
  • AMS must be the current servicer of the existing mortgage
  • 1 – 4 Unit Principal Residences
  • 1 Unit Second Homes
  • 1 -4  Unit Investment Properties
  • Payoff the unpaid principal balance on the existing first mortgage
  • Financing of the closing costs, prepaid items and points
  • Max cash back $250.00
  • No maximum LTV for fixed rate loans
  • 105% Maximum LTV for Adjustable Rate loans with initial fixed periods greater than or equal to 5 years
  • Term not to exceed 30 years
 

Help Center

  • Lost or Stolen Debit or ATM Card

    1.855.ASK.SBANK (1.855.275.7226)

  • Lost or Stolen Credit Card

    1.800.543.9000

  • 24-Hour Emergency Roadside Assistance

    Lock your keys in your car? Car won’t start? Call 1.833.278.1576. It’s free to use up to $80 in service charges. (For GOLD accounts with BaZing Only.)

  • Reorder Checks

    Click Here. Safe & Secure check ordering through Deluxe, our preferred check printer.

  • Customer Care Center

    1.855.ASK.SBANK (1.855.275.7226)
    Mon-Fri 8am-7pm
    Sat 9am-1pm
    Treasury Services Support available Mon-Fri 8am-5:30pm Closed Sun & federal holidays

Online Banking




Don’t have Online Banking? Sign Up