VA Home Loans - Buy a Home
There are many good reasons to buy a home with a VA loan:
- No down payment is required in most cases.
- Up to 100 percent financing
- Flexibility of negotiating interest rates with the lender.
- No monthly mortgage insurance premium to pay.
- Limitation on buyer's closing costs.
- Traditional fixed payments
- Mortgage is assumable
- No pre-payment penalty.
What can a VA loan be used for?
- To buy a home, a condominium
- To build a home.
- To simultaneously purchase and improve a home.
- To refinance an existing home loan
- To buy a manufactured home and/or lot.
VA loans have helped millions for Americans secure their dream of homeownership.
VA loans offer many benefits and protections you will not find with other loan products.
Lower Cost: VA rates are always competitive.
Easier Qualification: VA loans have terms that make it easier to qualify.
Credit Problems: You don't have to have perfect credit, even if you have had a bankruptcy, it's easier to qualify for a VA loan than a conventional loan.
Types of VA Loans
Fixed Rate - A fixed rate mortgage keeps your interest rate the same during the loan period, usually 30 years. This keeps your monthly payment the same for the life of the loan.
Adjustable Rate - If you are a little stretched financially, you may want to consider an adjustable rate loan. This will start you out with the lowest possible monthly payment.
Speak with a VA licensed professional today.
