Homes Near Whiteman

Homes Near Whiteman

Are you looking for a home near whiteman air force base because you've been stationed there?  We can help! One of the things that you will need to do before you begin your home search is to get pre-approved for a home loan.  There are so many options when it comes to home loans.  So let's answer a few of those questions:

1. What kind of loan should I get?

     There are multiple options for you when you go to get your home loan.  The most common home loan is known as a conventional loan. It requires a 20% down payment at the time of closing.  The second option is an FHA loan.  The FHA loan only requires a 3.5% down payment but it does require a monthly mortgage insurance payment (also known as PMI).  The thid option is USDA, this loan has several restrictions including income and location eligibility requirements.  But if you're a veteran or active-duty military you have a great option in the VA home loan.  The United State Dept. of Veteran's Affairs offers this loan to any retired, non-active, active-duty or the spouse of a deceased veteran (as long as you haven't remarried,) and it's 100% financed.  That means you don't have to bring any down payment to the table.

2. What are the benefits of the VA loan program?

     As we mentioned before the VA loan is guaranteed by the VA, so it's 100% financed and you're not required to buy PMI!  If have an in-service related disability the VA will waive your funding fee.

3. Can I refinance to a VA Loan?

     The simple answer to this question is: YES!  You can take a conventional mortgage and refinacne to a VA loan!  This could save you tons of money, especially if you ask about IRRL (Interest Rate Reduction Loan.)

Remember you'll need to ne of the things that you will need to do before you begin your home search is to get pre-approved for a home loan. You can do this by clicking the above link or you can call us today at (816)268-4025!

Homes Near Whiteman