VA Loans are one of the best loans that are availalbe right now if you are eligible, if you are on active duty or served in the military in the past make sure you take a look at VA.gov for all of the benefits that are available to you. Do you have a certificate of eligibility from VA? Make sure you have one or make sure you bring your DD214 with you to your lender if your a veteran. This will allow them to complete a request for the COE (certificate of eligibility) online.
The program is simple - it is 100% financing, backed by the VA - VA assigns the appraiser, and guarantee's the loan for the lender, should the veteran fail to pay up to a certain amount. This eliminates the need for Private Mortgage Insurance and gives the men and women who have sworn to protect our country a chance to have a home in the country they are sworn to protect.
VA Loans have great interest rates, and low closing costs, we also allow the seller to pay the closing costs and prepaids and that can be negotiated in the contract.
We have the ability to do VA loans all over the country not just in Missouri - this allows me to assist military personnel no matter where they may be happened to be stationed in the United States.
Long before it was "chic" to go green the Veterans Administration already had built in room for this in their loan program and they allow energy improvements to a home to be financed inside of the VA loan up to $6000.00.
My last client to do this replaced a 6000 ac/heat unit in their home we reviewed the energy efficiency which showed the utility bills going down about 55 per month with the new unit and the payment only going up about 30 bucks to finance it and the improvement was financed in the loan at a lower rate of a home mortgage.
VA Loans are an excellent source of funding many Veterans believe that if they have used it before they can not use it again make sure you check the status of your eligibility if you have utilized it before in most cases VA loans can have subsequent uses.
I really enjoy working with the men and women who have served our country and should you have any questions please feel free to contact me.
Darren Stewart
Metropolitan National Bank
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