VA Loans
| What is a VA Loan?
These are special loan programs offered exclusively to military personnel and veterans. As part of your VA benefits you are eligible for THE best loans on the market. Thanks to a guarantee from the Veterans Association we are able to some of the best rates on the market with little risk. So if you are purchasing a home or looking to refinance to a lower rate, you can be comfortable knowing that you have the best loan available. |
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What makes a VA loan so great?
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VA loans can qualify buyers up to 100%, meaning no money out of pocket for you or refinances are available with no equity in the property.
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In many cases you can qualify for VA loans with credit scores as low as 500.
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Unlike FHA or other conventional loans there is no mortgage insurance which will save you from $50-$200 a month on your a mortgage payment.
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There are no prepayment penalties, so you can refinance as soon as rates get lower without penalty.
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Fixed rates are available at times below market rates.
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Help is even available if times get tough and you have trouble making payments. (You’d be hard pressed to see a multinational bank match that!)
Who is eligible?
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Good credit is not required.
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Eligible applicants need a two year job history. Or proof other income from military pension or Social security.
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Eligible applicants should have a letter of eligibility and a DD214, with honorable discharge.
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Applicants must also must meet the military service requirements, this has probably been satisfied if you have a letter of eligibility.
Take advantage of your benefits the VA provides. You served our country, so let us serve you. If you currently own a home we can cut your payments drastically. If you rent we can usually get you a home without any money out of pocket for the same as your rent payment.
There is no better time to buy a home. Rates are still at the lowest they’ve been for decades and there are more houses on the market to choose from than ever. Many houses have great discounts and incentives to boot.
