How Fort Collins Home Buyers Avoid Costly Mistakes Obtaining VA Home Loans For Veterans & Military
This VA Guide is brought to you by:
Kevin Guttman, Sr Mortgage Banker
Top Colorado Loan Originator
We Finance Dreams
This VA Loan guide is designed to give you the
information you need so you avoid costly mistakes when
navigating the VA Loan process.
Why Choose A VA Loan in the First Place?
In 1944 the U.S. Department of Veterans Affairs began assisting
Veterans in the goal of becoming homeowners. Since then, the
VA has guaranteed tens of millions of home loans. The VA does
not actually lend the money, rather the VA promises to repay a
portion of the loan to the lender if the borrower defaults.
So why should a Veteran choose a VA Loan over a
conventional home loan? There are a number of reasons, but
most Veterans who have used a VA Loan say the number one
benefit is that there is no down payment required.
Another noteworthy benefit is that VA Loans tend to have lower
interest rates than conventional loans, and they are easier to qualify
for as well.
The VA also offers these looser qualification requirements
for Veterans because of their understanding of the sacrifices
Veterans have made for our country; it’s a nice way of saying
“thank you.” Because of the guaranty from the VA lenders are
also much more likely to approve higher-risk borrowers.
Another reason to choose VA Loans is because borrowers
do not have to pay private mortgage insurance (PMI).
When the VA guarantees a loan, they are taking on the
responsibility for that loan if it defaults. Since the VA has
made this promise, Veterans do not have to bear the
burden of mortgage insurance payments. Without a substantial
down payment for their loan, many borrowers utilizing
conventional financing do NOT get this great cost-saving benefit.
If you have any questions, please contact me Kevin Guttman,
your local VA Mortgage Specialist, to setup a free consultation
and develop your winning strategy for purchasing your new
home with a VA Loan.
My team & I team will be honored to serve you!
If you would like to start the pre-qualification process,
just fill out as much of the following application as you
can. Someone will be in touch with you soon to answer
any questions you may have.
Or you can submit questions 24/7 here:
Until next time,
Kevin Guttman, Sr. Mortgage Banker
Top Colorado Home Loan Originator
We Finance Dreams
8610 Explorer Dr #112
Colorado Springs, Colorado 80920