VA Loan in Myrtle Beach SC
Designed for both active duty military and honorable discharged Veterans, Myrtle Beach South Carolina VA Loan is one of the best mortgage loan programs available today.
Here are some of the main features of this great program:
- Zero Down Payment, 100% financing.
- No monthly mortgage insurance added 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.
How do you know if you qualify for a Myrtle Beach South Carolina VA Loan?
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 VA Mortgage Loan program 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 though no down payment is required for VA Mortgage loans, don't forget that there are VA closing costs involved in every transaction. Don't confuse no down payment loans with meaning nothing is due at closing! Your VA lender should prepare you for how much is due at closing. Your lender can help you with ways to finance the closing costs if you don't have money available for closing.
Remember, working with a local lender who understands the unique aspects of VA Mortgage Loans is absolutely important.
Randy is licensed to originate loans all over the state of South Carolina so for a Myrtle Beach South Carolina VA Loan or surrounding areas, please contact Randy Shamburger, Senior Mortgage Lender at 843-608-0807 or visit http://www.mynewloanapplication.com.
Have a Big day,
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