VA Loan in Beaufort SC
It is one of the best mortgage loan programs available today. The Beaufort South Carolina VA Loan for both honorably discharged vets and active duty military personnel and if you want to know more about its features, read on.
Here are the features of a VA 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.
Here's how to qualify for a VA Mortgage Loan in Beaufort South Carolina:
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 Beaufort South Carolina VA Loan and all of the important differences compared to other loan programs.
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 VA Mortgage loans, there are closing costs involved in every transaction, which means there may be money due at closing. You should be advised about this by your expert lender. There are ways to finance the closing costs if you don't have money available for this, and your lender can help you with these options as well. Nevertheless, just remember and don’t be confused about 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.
For someone licensed to originate loans all over the state of SC, contact Randy Shamburger, Senior Mortgage Lender.
Randy is an experienced lender with Beaufort South Carolina VA Loan programs or surrounding areas so contact him at 843-608-0807 or visit http://www.mynewloanapplication.com.
Have a Big day,
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