During last week's episode of Military Moment, we cleared up some of the misconceptions of VA financing, and this week we point out some of the advantages of VA financing. Although these are fairly well known, they are important nonetheless:
- No Down Payment is needed from Qualified Veterans
- No Down Payment is needed, if the sales price doesn't exceed the appraised value
- There's a "finance-able" funding fee. Truly making VA loans a no down payment loan!
- There are minimal requirements demanded of the sellers in terms of home repairs. (Those property requirements are: safe, sanitary, and sound.)
- Closing costs may be paid by the seller
- Private Mortgage Insurance is not required
- The VA may provide assistance, should you be unable to make payments on your loan
You can view the video by clicking the photo below and don't forget to visit our VA website at www.CaliVALoans.com.
Be sure to forward this information on advantages of VA financing to your clients, family and friends and check back next week for another episode of Military Moment.
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