Buying a home is likely the largest purchase you will make during your lifetime. It is a major financial undertaking that requires patience, time, and a large amount of effort. However, the good news is your family with kids or retired spouse can enjoy the benefits of the VA Home Loan with the condo of your dreams.
VA loans are available to honorably discharged veterans, those who are active-duty service members who've served 90 days or more, and personnel who have served at least six total years in the reserves or the National Guard. The advantages of a VA Home Loan are also extended to the surviving spouse of a service member.
VA Home Loans are offered to military members by qualified lenders. There are many benefits to this type of loan, with the main one being that Veterans Affairs backs or guarantees the loan. This means that if you default on the loan for some reason, they will pay the lender a specific percentage of the entire loan, causing the lender to be more flexible.
Are you a service member beginning your home buying journey? Here is a breakdown of the most prominent pros and cons of choosing to purchase a home with a VA Loan.
The VA Cast Out Refinance allows a Veteran to go up to 90% of your home's appraised value with no private mortgage insurance. There is literally no other product on the market place that will allow a homeowner to do such a thing.
VA loans are mortgage loans used by veterans and their family members to purchase a home. The loans are backed by the Veterans of Foreign Affairs.
Today I wanted to talk with you about the VA Loan Home in 5 Program. Veterans and Active Duty Military are purchasing homes at the rapid rate. That said, I am seeing more and more military families taking advantage of this booming housing market here in Maricopa County AZ which is fantastic.
Often times when a Veteran is getting ready to purchase a home they will ask me “is a VA Loan the best route for me to go?” My answer to that question is simple…Yes!
All but 2 months ago we thought the VA Streamline Refinance was gone forever, a victim to the ever increasing interest rate climate over the last few months . But the funny part about the mortgage industry is that just when we think we have it figured out it throws us another curve ball. I say this because over the
Many veterans do not understand all of the benefits that exist when it comes to their Arizona VA Home Loan. Truth be told, many lenders don’t either… so if lenders are confused, how then do we expect our veterans to know. Sadly, many don’t.