Kansas City MO VA Mortgage Loans and 100% VA Loans are one of the best mortgage loan programs available for both active duty military and honorably discharged Vets.
What Are the Five Key Benefits of a VA Loan?
- $0 Down Payment, 100% financing loan.
- No mortgage insurance added to your monthly payment.
- Less Hassle credit qualifying compared to other government mortgage loans.
- Low Mortgage Rates compared to other types of home loans.
- A VA loan can be assumable for the person that buys your home from you.
For more information about the key features of Kansas City MO VA Mortgage Loans Click Here:
Who is qualified for Kansas City MO VA Mortgage Loans?
- Active-Duty Military Personnel
- National Guard members/Reservist
- Some surviving spouses of veterans
How do I qualify for Kansas City MO VA Mortgage Loans?
First you must verify your eligibility by ordering your Certificate of Eligibility or COE. A Kansas City VA loan lender can order your COE quickly for you; or you can go directly through VA to obtain a copy. In order to see what information is needed to obtain your CEO, you can go to the VA web site: http://www.va.gov/directory/guide/state.asp?STATE=MO
How do I get Preapproved?
The next step is to obtain pre-approval with an experienced Texas VA lender. It is critical that you call a mortgage loan officer that knows the VA Mortgage Loan program and the important differences compared to Conventional and FHA loan programs. Get pre-approved by going here: KC LOAN TIPS
The pre-approval involves providing application information to the lender like residence and employment and residence history, and documentation like pay stubs, statements and permission for a credit check.
What are the Closing Costs for Kansas City MO VA Mortgage Loans?
While no down payment is required for VA Mortgage loans, don't confuse zero down payment with meaning nothing is due at closing. For a purchase, there are closing costs involved. However, it is possible to negotiate to have the seller pay all or some of your closing costs. Your VA mortgage lender can assist you in determining how much is due at closing.
There are several ways to reduce the closing costs if you don't have money available for closing. Your lender can help you with these choices.
Where Do I Find a VA Lender in Kansas City MO?
It is very important that you work with a local VA lender who understands the unique features of Kansas City MO VA Mortgage Loans. We have specialized in VA Loans in Kansas City Missouri for over 10 years and would be glad to assist with any questions.