BLOG 2012 - What is a VA Loan?

By
Real Estate Broker/Owner with American Dream Real Estate, LLC of LA

RealtorTraceyW

 

BLOG 2012

 

What is a VA Loan?

 

In 1944 Congress created the VA Loan Guaranty Program to help returning service members achieve the American Dream of homeownership. Since then, the Department of Veterans Affairs has helped more than 18 million service members purchase homes.

 

Myths

 

The VA will loan me the money to buy a house.

 

Anyone in the military can get a VA Loan.

 

Military Images

 

Facts

 

Active Military and Veterans have to meet certain requirements to qualify for a VA Loan. Those who qualify will be issued a Certificate of Eligibility. A Certificate of Eligibility certifies that the potential borrower has a VA entitlement and is eligible to participate in the program. An entitlement is the amount of money the VA will guarantee on a loan.

http://www.benefits.va.gov/homeloans/factsheet.asp

 

In addition to obtaining a VA Certificate of Eligibility, you must meet the Lender requirements to qualify for a VA Loan. This includes, but is not limited to, Income Verification, Employment Verification, and Credit Check.

 

Of the nearly 25 million Veterans, less than 10% have taken advantage of this earned benefit. Don’t let your hard earned benefit go unclaimed. If you would like assistance obtaining a VA Loan contact me today.

 

I am here to help you GET RESULTS~CALL NOW!  Or visit the Virtual Appointment Center on my website www.RealtorTraceyW.com

 

 

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Topic:
Home Buying
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Louisiana Vernon Parish Leesville
Tags:
real estate expert
va loan assistance
realtortraceyw
tracey r wrisper
homes for sale in leesville la
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Rainmaker
1,143,921
David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

I had no idea the amount of vets who took advantage of this benefit was so low?

I wonder why that is?

Anyway good post and welcome to the rain hope you are enjoying it and building relationships!

Apr 05, 2012 01:57 PM #1
Ambassador
1,652,405
Jennifer Fivelsdal
JFIVE Home Realty LLC | 845-758-6842|162 Deer Run Rd Red Hook NY 12571 - Rhinebeck, NY
Mid Hudson Valley real estate connection

Great explanation of the VA loan.  Looks like a product more could take advantage of.

Apr 05, 2012 02:00 PM #2
Rainmaker
1,059,537
Sharon Parisi
United Real Estate Dallas - Dallas, TX
Dallas Homes

Tracey, this post will be valuable to all those seeking a VA loan.  I like that you included the link to the government website.

Apr 05, 2012 02:49 PM #3
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Tracey R. Wrisper

"RealtorTraceyW" - Homes for Sale in Leesville LA
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