Should you consider using your VA Loan Eligibility?
#1
100 % Financing
Did you know, that in today's market, banks are asking around 10-20% downpayment on a conventional loan.
Just because a VA Loan is backed by the federal government, banks do not require a down payment making a VA Loan one of the only loan programs that can still offer 100% financing.
#2
No PMI Required ( Private mortgage insurance)
Because the loan is backed by the government, banks will not require you to pay PMI (private mortgage insurance), which is normally an added monthly expense required for conventional loans where the borrower finances more than 80% of the home's value.
Another two reasons why you shoul use your VA eligibility to buy your next home.
We Service The Relocation Needs For Military Families in:
- Fort Belvoir
- Fort Meade
- Fort Andrews AFB
- Fort Detrick
- Quantico Base
- Navy Yard
- The Pentagon
www.ReallyNiceHomes.com/MILITARY
We are: Expert Advisors who knows the "ins and outs" of the area plus understands the special needs that military families require.
Evaluation of new communities surrounding your base should begin with a cost of living analysis. Most likely the costs are substantially higher in the Washington Metropolitan area than in your present location, you will need the assistance of a professional real estate advisor to discuss the different options you have.
Should you consider VA Financing to buy your next home?
Top Two Reasons Why You Should Use VA Financing to buy your next home?
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