VA Loans
Military service members and their families can leverage a loan program offered by the U.S. Department of Veterans Affairs (VA). With this program, the borrower(s) can receive 100% financing for the purchase of a home. That means no down payment whatsoever.
Benefits of a VA Loan
- No down payment is required in most cases.
- No monthly mortgage insurance premiums (often referred to as PMI)
- Offers the benefit of predictability as your monthly payment doesn’t change.
- Closing costs are limited.
- Lower than average interest rates as compared to conventional loans.
- No prepayment penalties. VA buyers can pay off a loan early without any financial penalties.
Other Loan Options
Before approaching a lender and starting the process of filling out a mortgage loan application, you can benefit from an understanding of the different types of mortgages available and the advantages and disadvantages of each.
Did you know you that a VA Loan limits the amount of closing costs you’ll pay as the buyer? Ask us how this helps you!
Learn More about Buying a Home
Going into a negotiation for a house can be daunting, but following a few simple strategies to can help you make sure you get the best value when buying a home.
While credit is a major factor of your mortgage loan, it is definitely not everything. It pays to know all of your options when you’re planning to buy a home.
Your credit score is more important than you may think! See how it can affect your home buying process.
You’ve found the home of your dreams! Now it’s time to learn how to make an offer that will transform this dream into a reality.
Want More Information about a VA Loan?
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