How does a VA home loan work? With the promise of appealing terms, competitive interest rates, and no down payment, it’s easy to understand why prospective buyers would find VA home loans intriguing, but these mortgages aren’t for everyone. Would a VA loan be a smart option for you? [Read more…]
Backed by the U.S. Department of Veterans Affairs and issued by private lenders, VA loans have allowed scores of aspiring homeowners to purchase their dream homes. Is a VA loan an option for you? Learning about VA home loan requirements is the first step in discovering whether or not this type of mortgage is right for you. [Read more…]
Many veterans are aware that their service earns them an entitlement that opens the door to securing a home loan backed by the U.S. Department of Veterans Affairs (VA). However, the existence of a second-tier entitlement isn’t as widely known. This additional entitlement can strengthen your purchasing power and expand your options, so it is definitely worth exploring. [Read more…]
If you are looking to buy or refinance a home, you will need to contemplate your loan options. Although some people watch the market to try and borrow when rates are low, many overlook one important quality that could help them save big: being an active-duty member of the U.S. military or a veteran. If you are or were a member of the armed forces, then you’re in luck. Interest rates for VA loans are amongst the lowest on the market (for the full eligibility requirements for VA loans, please click here). Plus, VA loans offer a host of other benefits. Once you see how the interest rates for VA loans compare to other mortgages, you might wonder why you haven’t looked into them sooner!
Offered through the U.S. Department of Veterans Affairs (VA), VA loans are an appealing option for many prospective homebuyers. Because the VA stands behind these loans, they tend to come with attractive terms. In fact, securing this form of financing can free you from the worry of amassing a down payment or paying private mortgage insurance. It could also help you enjoy lower interest rates, resulting in substantial financial savings over the lifetime of the loan. So if you believe you may be eligible for this type of mortgage, we encourage you to learn how to qualify for a VA loan before you purchase your next home.
One of the most useful benefits of the military, a VA home loan offers a fantastic opportunity for eligible active-duty service members and veterans who are ready to become homeowners. Because the Department of Veterans Affairs guarantees VA loans, they lack down payment requirements and have lower interest rates than many other types of mortgages. For these reasons and more, they’re very popular amongst qualified military families. So if you’re a service member or veteran interested in buying or refinancing your home, we encourage you to learn how to apply for a VA loan. This favorable financing option could make your dream home a reality.
The Veterans Administration (VA) assists active-duty service members, veterans, and eligible surviving spouses by guaranteeing portions of home loans provided by private lenders. Their powerful and flexible support can open doors otherwise unavailable to struggling families, helping them buy or refinance a home. More and more service members are turning to VA loans for help on their road to becoming homeowners. In fact, the VA set a record high in 2016 by guaranteeing more than 707, 000 loans. So if you haven’t yet explored the benefits of a VA loan, we encourage you to check your eligibility and learn why this program is growing in popularity all the time.