Buying a home can be an exciting, yet overwhelming time for veterans, active duty service members, and civilians alike.
This process becomes even more stressful when potential home buyers begin looking at homes without having an estimate on the loan amount that they may be approved for, often leading to frustration and disappointment.
Before you begin looking at houses, it’s important to use a VA loan calculator to determine how much house you can afford, so that you can start working towards financial goals with total clarity.
The Department of Veterans Affairs (VA) provides benefits to active duty service members and veterans of the armed forces. One of the many benefits is providing a home loan guarantee, which makes homeownership more accessible to men and women in uniform.
Eliminating the need for a down payment allows armed forces members to provide stable housing for their families, sometimes at a lower cost than renting a smaller residence.
Read on to learn more about VA loans, their benefits, and how they work.
Private mortgage insurance (PMI) can be a hurdle for your family to close on your dream home.
The great news is that the Department of Veterans Affairs (VA) makes it easier by paying for mortgage insurance in full.
We want to tell you more about how the VA Loan handles PMI so you can have confidence in moving forward on an affordable loan option.
As the home market continues to fluctuate, it may be the perfect time to buy with the VA Home loan. If you’re an active-duty service member or vet, there’s a good chance you qualify.
You don’t want to miss out on this 0% down payment home loan to move into your family’s dream home.
However, VA Loans are not the same conventional loans, FHA loans or other home financing options. They have unique service qualifications, eligibility, and benefits that no other loan has.
That’s because the Department of Veterans Affairs (VA) guarantees them and places regulations in so you can enjoy your home without default or financial obstacles.
Whether this is your first time buying a primary residence or you’re going at it again, you’ll need to freshen up on how VA Home Loans work.
If you’re a vet or active duty service member, that means you qualify for the VA Loan. But what will your monthly payments look like and what factors contribute to the total loan amount?
When working with an experienced lender, it’s important to know these numbers so you can get the most affordable rate.
Below is a simple VA mortgage calculator and some factors that affect your monthly payments.
If you’re an active-duty service member or veteran, you’ve probably heard about the amazing benefits the VA Loan offers.
With no down payment, zero private mortgage insurance, and flexible credit score requirements, it’s the most affordable home loan for the military.
However, you may be going through the VA Loan Journey with a lender and discovered there’s a VA Funding Fee at closing. Or you could be doing research to prepare for a VA Loan and are frustrated at paying the fee.
We want to encourage you that VA Funding Fees are not what you think at first. Even with this closing cost, the VA Home Loan still ranks as the top financing option on the market.
Our VA mortgage lenders will explain more about VA Funding Fees and an experienced lender secret that will minimize the price.
The value of your home represents the amount that potential buyers are willing to pay during a purchase. This amount can vary significantly, depending upon what a buyer feels is valuable.
Because there are so many processes to consider when getting a VA Loan, the processing time may take a while. To make the process easy, contact the Vercellino Team.
To honor Vietnam veterans, who often did not receive a hero’s welcome when returning home, Jimmy Vercellino and his team are recreating the welcome home experience they deserved.
New Jersey-based residential mortgage lender First Choice Loan Services Inc., a wholly owned subsidiary of First Choice Bank, today announced that VA Loan OriginatorJimmy Vercellino has been ranked a Scotsman Guide2015 Top Originator.