The VA home loan program has been one of the best loan programs for veteran home buyers since inception. First, the interest rates are generally lower than that of FHA, Fannie Mae and Freddie Mac. When purchasing a home, veterans can enjoy a no-money down loan with no monthly mortgage insurance premiums. Also, income qualifying for a VA loan is easier than other programs, with relaxed requirements after a bankruptcy, foreclosure or other major credit issue.
It's a VA benefit you can use over and over again. Whether buying your first home, moving and buying in a different location, or refinancing a non-VA loan on a home you live in VA allows you to take advantage of the home loan program over and over. There are some restrictions, but it's not a program you can only use once.
Qualify for more than with other programs. With lower interest rates, no monthly mortgage insurance premiums and relaxed underwriting guidelines, VA allows a veteran home buyer to buy more for less. While keeping your payment down, you can compete in tough real estate markets. Since a down payment is not required, you will have more funds left over for improvements and customizations of your new home!
Get started today! Start the pre-approval process today! Use either the Apply Now button on our home page, or start with a question to the left. We're here to help and make the process transparent and hassle free.
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