Thank you for your service....
There are several items to Think about when using your VA benefit loan program.
1. There is no down payment with this loan program. Please note a down payment and closing costs are two different things.
2. There is no mortgage insurance or PI which is great can save on your payments by a fair bit.
We will discuss in another video on what mortgage insurance is and how much needs to be paid off before it can be removed.
3.The loan process and eligiblity to obtain a VA loan is more llenient. Such as debt to income ratios, Credit Score ect.
4. The closing costs are much less, as a Veteran there is an option to ask the seller to pay part of your closing costs.
Thank you for stopping by our video blog today.
We are looking forward to helping you with all of your Real Estate needs.
You can reach us directly at 855-483-9662 Start your VA home search today by clicking on the links below.
4 Things to Know about a VA Loan