VA HOME LOAN IN 3 EASY STEPS FOR VETERANS

VA Home Loan

Today, the VA Home Loan program is more important than ever to Veterans and current Military Service Members. This is why Surprise AZ Real Estate has placed priority in representing Current and Prior Service members or the Military from Surprise, Luke Air Force Base, and the Sun City communities of Arizona. In recent years, lenders nationwide have tightened their lending requirements in the wake of the housing market collapse, making the VA Home Loan an amazing opportunity for military borrowers.

Like all home loans, VA Mortgages have considerable details and information to review. We at Surprise AZ Real Estate encourage our military service members at Luke Air Force Base and retired military service members to use our website’s resources to educate themselves on the specifics of this exclusive home loan benefit. If you have further questions, we invite you to callTodd Pooler, a VA Loan specialist at 602-432-3557. Additionally, we have premier VA Home Loan lenders on call where you can connect with them for a face-to-face or telephonic meeting.

Surprise AZ Real Estate has placed priority in representing Current and Prior Service members or the Military from Surprise, Luke Air Force Base, and the Sun City communities of Arizona.

VA Home Loan vs. Traditional Home Loans

Military homebuyers have access to one of the most unique and powerful loan programs ever created. See how the VA Loan compares to a traditional home mortgage:

Easier to Qualify. Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

VA Loans: 0% Down (for qualified borrowers) VA Loans are among the last 0% down home loans available on the market today.

Conventional Loans: Up to 20% Down Conventional loans generally require down payments that can reach up to 20% to secure a home loan, pushing them out of reach for many homebuyers.

VA Loans: No PMI Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.

Conventional Loans: PMI Required Private Mortgage Insurance is a requirement for borrowers who finance more than 80% of their home’s value, tacking on additional monthly expenses.

VA Loans: Competitive Interest Rates. The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a more competitive rate than non-VA loans.

Conventional Loans: Increased Risk for Lenders. Without government backing, banks are taking on more risk which, in turn, can result in a less-competitive interest rate on your home loan.

VA Loans: Easier to Qualify. Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

Conventional Loans: Standard Qualification Procedures. Conventional options hold stricter qualification procedures that can put homeownership out of reach for some homebuyers.

Am I Eligible for a VA Home Loan? 

Through dedicated service to our country, military service members and veterans qualify for a range of benefits earned through their service. Chief among those benefits is an opportunity to take part in the VA Loan program: a mortgage option that provides the opportunity for qualifying veterans to purchase a primary residence without putting any money down towards the sale price of the home.

While the VA Loan is designed specifically for those who served, there are a handful of requirements. In order to qualify for a VA Loan there are specific service conditions each borrower must meet.

We at Surprise AZ Real Estate encourage our military service members at Luke Air Force Base and retired military service members to use our website’s resources to educate themselves on the specifics of this exclusive home loan benefit.

You may be eligible for a VA Home Loan if you meet one or more of the following conditions: