Top Reasons Active Military and Veterans Choose to Get a VA Loan1.) Active Military or Veterans can use their VA benefits to buy a home with a $0 down-payment up to $453,100. You may buy a home over
Why Get A VA Loan
Top Reasons Active Military and Veterans Choose to Get a VA Loan
1.) Active Military or Veterans can use their VA benefits to buy a home with a $0 down-payment up to $453,100. You may buy a home over the $453,100 cap but you will be required to put a down payment on the amount over $453,100.
Example of Down Payment:
Home Purchase Price $ 500,000
Max Loan Cap - $ 453,100
You will only pay a Down-payment on $ 46,900
If you needed a down payment of 25 percent of the $46,900 you would need to bring $11,725 to settlement for you down payment.
2.) VA loans often have lower interest rates helping keep your monthly mortgage payment lower.
Find out more here:http://https://www.benefits.va.gov/HOMELOANS/purchasecashout.asp
3.) Lenders often use lower credit scores for VA Loans. Some lenders will go as low as 580 and in some cases lower as the Veterans Administration does not require a credit limit.
4.) Disabled Vets injured in the line of duty may be able to have their VA Funding Fee waived on their Home Loan saving them potentially thousands of dollars.
5.) A VA Loan may be assumed by another qualified party.
6.) Some Lenders will waive the Loan Origination Fee to give back to our Heroes.
If you would like more information on VA Loans please feel free to contact me directly my cell phone number is 505.918.5822, my office number is 505.792.5554, or reach me by email firstname.lastname@example.org.
Homes for Sale: https://maryann.redfoxrealtors.com%20