VA Home Loans Warrensburg MO
In 1944, The U.S. government created the VA Loan Program, This is a mortgage loan program that that gives financing assistance to eligible veterans. This program was designed to help veterans purchase properties without any down payment. This is a great advantage for service members. What better way to thank our veterans than helping them find a home. If you'e like to get pre-approved for a home loan with us, you can get pre-approved online or call us (816)268-4025.
Since the creation of the VA Loan program, the U.S Department of Veteran Affairs has already lended helping hands to more than 18 million military members looking to purchase homes.
VA Home Loans Warrensburg MO Essential Benefits of VA home loans
As mentioned before, the most significant benefit of getting a VA loan is that the borrower has the ability to purchase with no down payment required and with 100 percent financing advantages and the qualification requirements are less stringent than a conventional loan.
Here are some of the other benefits:
- Interests rates that are competitive and lower compared to conventional rates
- No prepayment penalties
- Sellers can pay the closing costs and concessions up to 6 percent with no limitations
- There’s a higher debt to income ratio as compared to other loan programs
- No monthly premiums to pay
- Comes with appraisals that informs the buyer about the property values
- Members are assured of financial counseling and other assistance.
The maximum allowable VA home loan guarantee that a veteran can get varies by county. Aside from purchasing and building homes that members can get, VA home loans also offers repairing, retaining and be able to adapt homes.
Where can I get a VA Home Loan Warrensburg MO
We are a local mortgage banker and VA home loan experts. We have closed thousands of loans and many of those were VA loans. If you're interested in getting a VA loan to buy a home, the first step is to get pre-approved. You can do that now online by clicking here, or give us a call at (816)268-4025.