VA Home Loan Program

Scott Batt with Flat Branch Mortgage has been originating VA loans for the last 7 years and now specializes in only working with military loans. During his six years of working with Veterans and Active duty members, he has created an easy four step process that makes this loan as easy as 1-2-3-4. Please read what your military peers have to say about Scott. Scott’s Batt Testimonials gives you a insiders look of some kind words about past loan experiences. This page is here to help with all your VA questions. Should a question arise that is not included with in this site, you may feel free to EMAIL Scott or call him at 573-268-4698.

Useful Resources

Closing with a Power of Attorney

If you or a married spouse is not going to be able to attend a closing, you must provide a Specific POA to complete the transaction.

Please Note. The original copy must be brought to closing for recording purposes. It is also important to get a copy to your lender ASAP so that the POA can be approved prior to closing.

Here is a list of items needed on this POA, so print this off and bring it along with you to JAG or the attorney you plan on using.

POA REQUIREMENTS

 Simultaneous VA Loans

It is a commen misconseption that you can only use one VA loan at a time. This is not always the case. The VA understands that if you PCS to a different area, you may not have enough time to sell your current home. Please click below to read more about Simultaneous VA Loans.

    Simultaneous VA Loans

VA Loans

VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.

Other benefits of a VA loan include:

• Negotiable interest rate.
• Closing costs comparable – and sometimes lower - than other financing types.
• No private mortgage insurance requirement.
• Right to prepay loan without penalties
• Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
• Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.

Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program.