VA Loan


Veterans Affairs (VA) loans are loans provided to active-duty military and veterans. These loans are guaranteed by the U.S. Department of Veteran Affairs. For those who qualify, VA loans are usually easier to obtain than conventional loans.

The major benefit of this loan is a lower down payment and lower interest rates – they are similar to other types of loans, but with certain perks such as up to 100% financing (based on VA lending limits) for purchase loans, and up to 100% for cash-out refinances.

  • 0% down payment (based on VA lending limits and VA eligibility)
  • Seller can pay all closing costs and escrows
  • Seller can pay debts in veteran’s name to help qualify
  • VA funding fee may be financed
  • Fixed- or adjustable-rates available
  • No monthly mortgage insurance premiums


Active members of the military, veterans, and members of the National Guard qualify for VA home loans. And, granted they do not remarry, spouses of deceased military members or veterans are also eligible for these types of loans, if the deceased spouse died while on active duty. There is no minimum credit score required to be eligible from the government, although some lenders may enforce one.


One benefit qualifying personnel receive is the absence of a required down payment. While many other loans for homeowners require a certain amount of money set aside for a down payment, the VA loans don’t require a down payment or even mortgage insurance.

Another benefit is the assistance offered to those struggling to pay back the mortgage on their home. The VA as an organization will step in and negotiate with a lender when the borrower is having trouble paying the loan payments.

Keep in mind, when choosing to take out a VA home loan, a one-time fee will still be required, the amount dependent upon the size of the loan and the type of veteran applying. Even though they generally carry less costs than other types of loans, it is still good to keep this one-time fee in mind.

For further queries, please Contact Bill Mervin Team today and find out if you qualify for a VA loan for your home!

What’s Next?

After you purchase your home and get your loan, you may think that everything is up to you to manage. But with the Bill Mervin team, you will continue to be supported and educated on how to manage your mortgage. The Mortgages Under Management is a program that will guide you after getting the keys to your home. We offer quarterly updates and annual mortgage planning reviews for any changes in your life situations. Our goal is so you have expert guidance at all times, always have a perfect mortgage. Contact Bill Mervin Team today to learn more about the ‘Mortgages under management’ program.


Monthly Mortgage Payments

Buying a home has been the primary way Americans have built wealth for decades. In today’s world, new technology and a multitude of financing options have intersected to create a host of options for buyers – and they’re taking notice. Whether you’re buying your first home or your fifth, we’re here to help.

Conventional loans are ideal for homebuyers with good credit scores. There are a variety of  loan programs for with different minimum down payments. We lend both conforming and non-conforming (jumbo) loans.

  • Minimum down payment requirement 
  • Advantages for higher down payments
  • Ideal financing for properties commonly restricted by government loans
  • Several mortgage insurance options available for loans with less than 20% down, including:
    • One-time, upfront insurance
    • Monthly mortgage insurance, which could cancel at 78% equity
    • Financed mortgage insurance
    • Lender paid mortgage insurance

An FHA loan is an attractive option for many first-time homebuyers because it allows for lower down payment and easier credit qualifying.

  • 3.5% down payment
  • Program can be combined with additional down payment assistance programs to further reduce costs
  • Monetary gifts from family can be accepted towards down payment
  • Seller can pay up to 6% towards closing cost / prepaids
  • Fixed or adjustable rates available
  • Shorter waiting period after a derogatory credit event

VA Mortgage

Designed for active-duty military, veterans, reservists, and the surviving spouse of a veteran, VA loan programs offer up to 100% financing (based on VA lending limits) for purchase loans, and up to 100% for cash-out refinances.

  • 0% down payment (based on VA lending limits and VA eligibility)
  • Seller can pay all closing costs and escrows
  • Seller can pay debts in veteran’s name to help qualify
  • VA funding fee may be financed
  • Fixed or adjustable rates available
  • No monthly mortgage insurance premiums


Refinancing is the process of getting better terms on your current mortgage by taking out a completely new loan. This new-and-improved mortgage will leverage positive market conditions, and Apex can customize it to your financial goals, helping you to achieve:

  • Lower monthly payments
  • Shorter loan terms & greater financial stability
  • Adjustable to fixed-rate loan conversions
  • Consolidated debt
  • Home enhancements & renovations
  • Removal of Private Mortgage Insurance premiums
  • Low Down Payment Programs
  • Low Credit Score Programs
  • Customized Marketing Support
  • Strong Core Values
  • 95 Net Promoter Score
  • Consistently Close Clear & On-Time
  • Firm Established in 1998
  • Direct Lender
  • Cutting-Edge Technology
  • Consumer Connect Digital App
  • Wide & Diverse Product Mix
  • Heroes First Program


We don’t need an email address. We want a more educated buying experience for our clients.

  • What can you expect from the Bill Mervin Team
  • What credit factors do banks look at most
  • How to best manage your mortgage debt


Areas Served

  • Cherry Hill
  • Cinnaminson
  • Delran
  • Maple Shade
  • Moorestown
  • Mount Laurel
  • Voorhees
  • Bordentown
  • Deptford
  • Evesham
  • Mt Holly
  • Pennsauken
  • Sewell
  • Sicklerville

If you do not see your city listed, please call

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