VA LOANS: FIRST TIME HOME BUYERS
A VA loan is one of the best loan options in today’s market. The loans are guaranteed by the Veterans Administration, and solidly backed by the federal government. Once you have earned your VA benefit (current service, past service, surviving spouse), the benefits are yours for life. There is no downpayment required, no private mortgage insurance and the loan payments are fixed and all-inclusive (principal, interest, taxes, home insurance), so you can rest assured that your payments won’t change and your taxes and insurance will be paid on time.
The advantages to obtaining a VA loan are real. VA loans have lower monthly payments (compared to FHA with MI and some conventional loan products), easier qualification guidelines and the ability to purchase with no money ($0) down. VA mortgage loans are a fantastic option for qualified first-time home buyers.
The most important thing you can do when deciding to purchase a home with your VA benefit, is to secure a full lending commitment from us PRIOR to starting your search for a home. Most sellers will not even consider an offer from a prospective buyer if their financing is not in order. At First Choice Bank, we love our active duty military and veteran clients. You protected and served our country and we pride ourselves in taking care of your mortgage needs efficiently and competently.
We will qualify you in advance, not just with a soft pre-approval on letterhead, but with an actual commitment to lend from our in-house underwriting department. (Of course this is subject to verification of information provided, appraisal of the property, etc.) Our lending commitment letter is better than a traditional pre-qualification letter, and is stronger than Desktop Underwriting (DU) approve eligible.
To apply for your free VA prequalification, please go to my secure, encrypted portal at www.fcbhomeloans.com/troyhuerta or call me at 760.420.5498 to get started.