October 29, 2018 VA Loans Are Here!!

We are pleased to announce that 7 Mortgage now offers VA Loans.  Extending these products to those who have served the U.S. is a great honor.  Great benefits like 100% financing, No PMI, no flipping restrictions, and more are just the beginning!

VA Requirements

  • Eligibility – Be an eligible veteran or active duty service member.
  • Credit- Be able to meet the VA and lender’s credit Standards.  Flexibility with lower credit scores, bankruptcies, foreclosures, and collections may be available.
  • Income- Have enough qualifying income to support the mortgage payment and existing consumer debts.
  • Assets- Be able to produce valid asset documentation if needed.

Eligibility – A Certificate of Eligibility (CPE) must be issued from the VA to make a final determination for eligibility.  The VA considers the following before issuing the CPE:

  • You have served 90 consecutive day of active service during peacetime. or
  • You have served 181 days of active service during peacetime. or
  • You have more than 6 years of service in the National Guard or Reserves. or
  • You are the spouse of a service member who has died in the line of duty or because of service- related disability.


  • Single Family
  • Multi-family up to 4 units
  • Condo
  • Manufactured Homes


  • Purchase Loans- Up to 100% financing with no money down and the seller is permitted to pay closing costs.
  • Cash Out Refinance- Financing up to 100% of the current value of your home.  The proceeds may be used to pay off your existing mortgage, consolidate debt, or for home improvements.
  • VA IRRRL- Sometimes referred to as a VA Streamline Loan.  Allows borrowers with a current VA loan to refinance to a lower rate if available.  Appraisal, income, or asset verification typically isn’t required

You’ve served the U.S.  Now let us serve you!

VA Loans Are Here!!VA Loans Are Here!!VA Loans Are Here!!

2077 Town Center Blvd, Suite 303 | Knoxville, TN 37922 | NMLS Number: 189965