VA Loans in Mauldin SC
Here are some of the best features of this 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 Mauldin SC:
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 Mauldin SC 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, it's important to know that there are VA closing costs involved in every transaction, which means there may be money due at closing. You should be prepared for all of this by your lender, 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 this, and your lender can help you with these options.
It is important that you choose a local VA lender who understands all of the different aspects of VA Mortgage Loans.
Randy Shamburger, Senior Mortgage Lender is licensed to originate loans all over the state of SC so for a Mauldin SC VA Loan or surrounding areas. Please contact Randy at 864-214-7570 or visit http://www.mynewloanapplication.com.
Have a Big day,
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