When deciding on what type of mortgage to obtain, veterans need to consider the benefits of using a VA loan. Here is a presentation that shows the advantages vs. the disadvantages of VA loans. It’s not surprising that disadvantages are few. Va loans advantages vs. disadvantages (1) from VeteranHomeFinancing1
Many military members will decide to use a VA loan for the purchase of a home. With 100% financing (no down payment required) and other specific benefits, this is the best type of mortgage for those who qualify. Obtaining a VA loan is not difficult if you know the 5 key elements for a VA […]
Over 29 million Americans are eligible for a VA loan to purchase a home at this time. This is a benefit that cannot be matched by any other type of mortgage. While the main feature of a VA loans is the no down payment requirement, there are other benefits that are equally as important and attractive. […]
VA loans offer many benefits to eligible borrowers, although the most popular is the opportunity for obtaining a no down payment loan . However, a unique advantage often overlooked is in regard to closing costs. The VA protects the veteran by limiting the types of closing costs that the borrower may pay. In addition, the […]
Although most people have heard about VA loans, there are many who do not understand what it is all about. Here we will address the common questions and answers about VA loans. What is a VA loan and who can obtain it? A VA loan is a special direct home loan program that is issued […]
It’s the home buying season when many people will be out searching for a home to buy, either new or existing. Some have already contacted their VA lender and discussed their options. Others have gone through the procedures of submitting documentation and have received their VA pre-approvals. Although you may be ready to make a […]
For many consumers, including military homebuyers, purchasing a first home is often a time filled with many questions and doubts. To assist with the decision process, here are 6 tips for military homebuyers that will help make the possibility of homeownership a reality from the first thought to the closing date. 1. Know your financial […]
Purchasing a home without the need to use your own cash out of pocket is highly unusual in today’s mortgage industry. In fact, over the past few years, many lenders have required larger down payments from home buyers. A VA loan is different in that it allows eligible borrowers to make a home purchase without the […]
One of the biggest obstacles that prevents consumers from a home purchase is being able to save for the required down payment. Almost all types of mortgages have down payment requirements that can be as low as 3.5% for an FHA loan to a minimum of 5% for a conventional loan. However, for those who […]
My loan process was very easy and quick. Not to mention a great loan rate. I couldn't be happier!
Capt Sam T. - US Army
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