I am frankly astonished that considering the number of Veterans in our country how few use their entitlement to purchase a home, and how few Realtors encourage them to do so.
remember the VA entitlement is an earned benefit and essentially is available to a Veteran and their spouse.
yes I know there are other circumstances, but this is the main use.
here's one myth for you
I can only use my entitlement once
I still hear Veterans saying that and it's just not true.
Let's look at the basics;
you're talking about 100% financing where the seller can pay the closing costs and prepaids...no $$$ necessary
you're talking about a 30 year fixed rate loan. rates are still great.
you're talking about liberal credit scores. the norm is 640, but some investors will accept 620
the VA funding fee is very reasonable, 2.15% for first time users, and there is no annual MI fees. Compared to FHA that's a pretty big savings.
Did you know that a disabled Veteran may qualify to have the funding fee waved?
Is that the markets best buy? could be.
VA Jumbos; have you heard of them? up to over $1million, with lower than conventional down payments and great rates
this program will save the Veteran substantial out of pocket $$$
Okay let's see now; low down payments, little or no out of pocket $$$, great rates.
Seems like there should be more Veterans using their benefits
At the American Eagle Mortgage co. were are government lenders and we are proud to offer VA loans to the qualified Veterans who have earned this entitlement.
the writer of this post has had the honor and privilege of helping Veterans purchase homes for over 30 years.
So today's the 4th of July, Independence day, it's a good day to start
helping a Veteran to buy a home for themselves and their families
ps; this is a great first time homebuyers program for Veterans