VA Loan in Hartsville SC
Both honorably discharged vets and active duty military personnel are eligible for a Hartsville SC VA Loan which is considered to be one of the best home loan programs available today.
Here's how to qualify for a VA Mortgage Loan in Hartsville SC:
The first step is to verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. You can work with an approved South Carolina VA mortgage loan lender to order your COE quickly, or you can contact the VA to obtain a copy. If discharged, you will need your DD214.
Next, you must get pre-approved with an experienced VA lender.
It is critical that you contact a lender who knows the Hartsville SC VA Loan and all of the important differences compared to other loan programs.
Here are the features for this type of loan program:
- Zero Down Payment, 100% financing.
- Monthly mortgage insurance is not tacked on to your payment.
- Easier credit qualifying compared to other types of mortgage loans.
- VA Mortgage Rates are low compared to other types of home loans.
Find out more by checking the link below, there are tons of information about this loan program there: http://www.benefits.va.gov/columbia/
The pre-approval involves a credit check and supporting documentation such as paystubs and bank statements.
Even with no down payment required for this mortgage loan type, there are closing costs. There will be money due at closing and your expert lender should advise you properly about this. There are ways to finance the closing costs if you don't have money available and your lender can help you with these options as well.
Nevertheless, just remember not to confuse no-down payment with not having closing costs. This is also the reason why a local VA lender who understands all of the different aspects of VA Mortgage Loans will be essential to the process.
Randy Shamburger is a Senior Mortgage Lender with over 15 years of experience and is licensed to originate loans in Hartsville SC and its surrounding areas.
So for expert advice on your Hartsville SC VA Loan please call him at 843-608-0807 or visit http://www.mynewloanapplication.com for any questions.
Have a Big day,
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