According to the United States Census Bureau in 2013 there were 19.6 million veterans living in the U.S.
VA Loans are the perfect mortgage program for buyers that are Veterans.
A few Benefits of VA Mortgages
No Down payment- Rather than paying 5, 10, or 20 percent or more with a VA loan your buyer can finance up to 100% of the purchase price. The VA loan is a true no-money-down.
No Mortgage Insurance- Typically you are required to pay mortgage insurance if you make a down payment that’s less than 20% down. By not having to pay MI this makes VA mortgages more affordable and over time.
Lower Closing Costs-The VA limits the closing costs lenders can charge to VA loan applicants. This is another way that a VA loan can be more affordable than other types of loans.
Funding Fee Flexibility- VA loans require a “funding” fee, an upfront cost based on the loan amount, the type of eligible service, and other factors. Funding fees don’t have to be paid upfront though; it can be financed with the loan. Lastly all Veterans don’t have to pay it. Veterans who receive VA disability compensation and unmarried surviving spouses that died in service will have the fee waived.
Thankful for Vincent Redd being on standby to pre-qualify our Valued-Veterans to help them determine their budget for homeownership. Vincent can be reached now at Office:(630) 748-7473 - Efax: (773) 435-6468
Cell: (773) 255-1698 - firstname.lastname@example.org - Individual NMLS#233273
Vincent is thankful to Provide this financing for Veterans, a great way to finance the American Dream of Home Ownership!