If you are active duty military and you have PCS (Permanent Change of Station) orders, here are five reasons to consider using your VA Home Loan Benefits to purchase a home in the area:
#1 Competitive interest rates – even with less than perfect credit
#2 100% financing
#3 Flexible Credit Requirements
#4 No monthly mortgage insurance. Unlike conventional and FHA loan products, with monthly mortgage insurance premiums that could add to your monthly payment, there is NO monthly mortgage insurance with the VA Loan.
#5 The VA Funding fee can be financed into the loan
For years, few loan professionals have focused on this incredible loan program or taken the time and energy to become a specialist in serving those individuals who serve us. With tightening underwriting guidelines and dwindling product availability, the VA Home Loan is now the natural choice for active duty military or veterans.
VA Home Loans have been the favorite of mine for several years. Maybe it is because one of my key offices is located near Fort Polk, Louisiana. Or maybe it is because my team and I love working with military borrowers and veterans. We have come to appreciate not only the joy and satisfaction that comes from serving our men and women of the United States Military but also the benefits of the VA Home Loans for those clients.
For addiional information go to www.benefits.va.gov/homeloans/lp.asp or give my team of Military Mortgage Specialists™ a call.
Liked this post? Follow this blog to get more.