Lighthouse is Veterans United’s complimentary credit improvement service that can help you get the credit score you need to become a homeowner. We will customize a plan to your situation so you can take strategic steps to boost your scores. Our top priority is to show you the best path to getting credit qualified for a home loan with one-on-one sessions with a Veterans United credit expert. This will include multiple steps such as identifying and correcting errors on your credit score, strengthening your overall financial profile, and working to improve your mortgage scores. It’s this last step that sets Veterans United apart as we don’t just look at your consumer scores but also your mortgage scores to make sure you’re completely covered. Most importantly, this service comes at no cost to you so that we can get you on the road to home ownership that much faster. If you’re interested in taking advantage of this one of a kind program, click here to learn more.

At Veterans United, we pride ourselves on being the nation’s #1 VA home purchase lender. We’ve studied the VA Loan and know what it takes to complete purchases over our years of experience. We’re constantly improving too thanks to new software that helps streamline our processes and in-house loan production team that gets you to the closing table faster. Our one-of-a-kind customer communication portal, MyVU, allows our homebuyers to communicate with their home loan team and stay involved in the home loan process. If you have fears about your credit holding you back, our complimentary Lighthouse program guides homebuyers to help them increase their credit score and reach a brighter financial future. Through our extensive branch network, we’ve been able to help veterans and their families all across the country become homeowners and are constantly adding new additions to help even more people. If you’re interested in becoming a homeowner, join the 100,000+ veterans, service members, and families who’ve achieved their homebuying goals. Learn more

Alan Fentriss, Vice President, Residential Loan Manager, American Savings Bank, Equal Housing Lender, Member FDIC.

A Combined First Mortgage and Piggyback Home Equity Line of Credit (HELOC) is a unique financing option which allows a homebuyer to finance up to 90% on a home purchase with no private mortgage insurance required.

This is done with a traditional first mortgage, which funds 80% of the purchase price. A second mortgage HELOC then funds 10%, with the customer providing the remaining 10%. Because the primary mortgage has a loan-to-value of 80%, customers can avoid the added cost of private mortgage insurance that is usually required for lower down payments.  

American Savings Bank’s Combined First Mortgage and Piggyback HELOC program offers a fixed rate or adjustable rate first mortgage of up to $1.5 million and $2 million in aggregate, along with a HELOC fixed rate option. This program can be an attractive option for buyers making jumbo purchases (loans above $726,525). In addition, other structuring options are also available. However, each buyer’s situation is unique, so it’s always recommended to consult an experienced residential loan officer for specialized assistance. The Combined First Mortgage and Piggyback HELOC program is subject to the lender’s credit and underwriting policies, guidelines, and approval.