VA FOR VETERANS

Thanking our Veterans with a special loan

What’s so great about VA loans? So much!

The Veteran’s Administration has guaranteed more than 18 million home loans, helping many veterans who otherwise would not qualify. The program was established to help returning service people become homeowners after being absent from economic ladders due to their time in service.

While many lenders may offer VA loans, few offer them in-house and even fewer loan officers are familiar with the program. With us, VA loans are processed and underwritten in-house, avoiding the VA’s long turn times.

For a smooth and timely closing, it is important to work with a lender and loan officer who understands the unique in’s and out’s of this government program.

VA Home Loan Advantages

Veterans Benefits:

• Up to 100% financing with no mortgage insurance
• Limited closing costs
• Closing costs may be paid by the seller (allowable up to 4% of sales price).
• No pre-payment penalties
• Lower allowable credit score than traditional programs
• VA may be able to provide you some assistance if you run into difficulty making payments

You should also know that:

• You don’t have to be a first-time home buyer.
• You can reuse the benefit.
• VA-backed loans are assumable, as long as the person assuming the loan qualifies.

 

Resource: US Department of Veterans Affairs