The company officially opened its doors on December 1, 2013 and is now currently licensed in 17 states. The company also has plans to be licensed in all 50 states in the near future as it currently has applied for licensing in over 40 states.
The corporate headquarters are stationed in Lindon, UT and many of the employees have years of experience in the VA mortgage industry.
Owner and President of United Military Mortgage, Eric Kandell, has been involved in the VA mortgage industry for nearly 20 years.
“Through the years I have loved being in the VA mortgage industry and working with military families and veterans,” Kandell said. “I’m very excited to be a part of United Military Mortgage and know we are dedicated to helping thousands of veterans take advantage of their VA home loan benefits.”
The VA home loan hit record heights in 2013 with the Department of Veterans Affair guaranteeing a record 630,000 VA loans. Since the housing collapse in 2007, VA Home loan volume has risen approximately 372%.
The VA loan program was officially passed by Congress in 1944 under the Servicemen’s Readjustment Act. Since then, the Department of Veterans Affair has guaranteed approximately 20 million home loans.
However, over the past few years the use and popularity of the VA loan has increased dramatically. United Military Mortgage is dedicated to continuing to educate veterans on the many benefits of using a VA home loan.
VA home loans are the only loan on the market that allow for 100% financing and provide military families with a great way to purchase a home with no upfront cash. According to the New York Times, about 90% of all VA guaranteed purchase loans are made without any money down.
VA loans also do not require PMI (private mortgage insurance) helping veterans save on monthly insurance costs. According to the Mike Frueh, the director of VA Loan Guaranty Program, VA borrowers will save about $35 billion that they might otherwise have paid out in mortgage insurance premiums over the life of their loan.
“Veteran home owners are now starting to realize that VA home loans are the best options for them,” Kandell said. “At United Military Mortgage, we want to continue to educate consumers on the best loan options available and provide outstanding customer service.”
United Military Mortgage employs professional loan officers that are licensed in multiple states across the nation. The loan officers have years of experience in the mortgage industry and particularly experience in dealing with VA home loans.
Although United Military Mortgage specializes in VA loans, the company also has experience closing FHA and conventional loans.
“It’s an exciting time to be involved with United Military Mortgage and we anticipate a lot of growth in the next few years, “Kandell said. “VA loans will only continue to grow in popularity and we know that are loan officers are seasoned in helping veterans save money on their home loan.”
ABOUT UNITED MILITARY MORTGAGE LLC
United Military Mortgage is a licensed home loan broker across the nation. We specialize in helping military families take advantage of their hard-earned VA home loan benefits.
United Military Mortgage is anxiously engaged in providing top notch customer service to all our clients and we take a very unique approach by focusing our efforts toward the honorable men and women of the US military. If you are active duty, a veteran, or a surviving spouse of a veteran then we have some extra special VA loan programs that may benefit you. We look forward to proving why we lead the way in serving our Nation's VA loan needs.
United Military Mortgage LLC NMLS: 1109426