VA Loans in Charleston SC
VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel.
Here are some of the highlights of this incredible program:
- Zero Down Payment, 100% financing.
- 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 for a VA Mortgage Loan in SC?
First of all, you must verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. An approved Charleston South Carolina VA Loan lender can order your COE for you, or you can contact the VA to obtain a copy. You will need your DD214 if you are discharged.
The next step is to obtain pre-approval which usually involves credit checks and basic supporting documentation like bank statements and W2s are required.
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. 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.
If you would like to more about VA Home Loan benefits, visit this website: http://www.benefits.va.gov/columbia/
It is critical that you work with a local lender who understands the unique aspects of VA Mortgage Loans. For a Charleston 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."
Have a Big day,
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