VA Loan in Florence SC
Designed for both active duty military and honorable discharged Veterans, VA Mortgage Loans are one of the best mortgage loan programs available today.
Here are some of the highlights of this incredible program:
- Up to 100% financing, with no down required.
- No monthly mortgage insurance.
- Easier credit qualifying compared to other types of mortgage loans.
- VA Mortgage Rates are low compared to other types of home loans.
So how do you qualify?
First of all, you must verify your eligibility. This is done by ordering your Certificate of Eligibility or COE. An approved SC VA loan lender can order your COE for you, or you can contact the VA to obtain a copy. Honorably discharged Vets will need their DD214.
The next step is to obtain pre-approval with an experienced South Carolina VA lender.
It is very important that you contact a lender who knows the Florence South Carolina VA Loan program and all of the important differences compared to other mortgage programs.
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, it's important to know that there are VA closing costs involved in every transaction, which means there may be money due at closing. Your lender should prepare you for this, but nonetheless, don't confuse no down payment with meaning nothing is due at closing! There are ways to finance the closing costs if you don't have money available for closing. Your lender can help you with these options.
Find out more information about this loan program type by checking out this link: http://www.benefits.va.gov/columbia/
It is very important and we could not stress enough the idea of working with a local lender who understands the unique aspects of VA Mortgage Loans. For a Florence South Carolina VA Loan or surrounding areas, please contact Randy Shamburger, Senior Mortgage Lender at 843-608-0807 or visit http://www.mynewloanapplication.com. Randy is licensed to originate loans all over the state of South Carolina."
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