Why a VA Loan Makes Sense for a Veteran

By
Real Estate Agent with Platinum Properties TN Broker: 208698

A VA Loan Has Advantages, Take a Look

 

Advantages of a VA loanWhether you are active duty military, in the National Guard or Reserves, prior military service or a Retired Veteran, a VA loan may be available to you. Living near a military post like Ft. Campbell in Clarksville TN means there are lots of VA buyers. Why do they choose to use this type of loan over other financing? They have earned it and this is one loan that does not require a downpayment. 

You can check to see if you qualify here.  The loan is easy to get and favors the Veteran and is for Veterans. 

These benefits are worth checking out.

 

  • No down payment required.
  • No mortgage insurance (MIP or PMI) but a Funding Fee may be required if you don't have a service related disability of at least 10%.
  • Qualifying is more lenient and the debt ratios are higher and more forgiving.
  • You don't lose your VA loan and it doesn't expire.
  • Some Veterans are able to have more than one loan at a time and it is reusable when the entitlement is restored.
  • The loans are assumable if the buyer is deemed to be able to afford it through a qualifying criteria.
  • There are no limitations on renting your home as long as you bought it for the intention to make it your primary residence.
  • Investment properties up to 4 units are allowed as long as you live in one. You can use the income from the other units to qualify.

 

Check out homes for sale that could sell on a VA Loan in Clarksville TN.

Some VA buyers may have exempt status from the funding fee. See who is exempt and learn more about the funding fee. 

Find out if you qualify for a VA loan by contacting The Real Debbie Reynolds of Clarksville TN 931-320-6730.

 

Posted by

 Centruy 21 Platinum Properties2130 Wilma Rudolph Blvd.

Clarksville, TN 37040

When you need Real Estate services in Clarksville TN

                  it would be my pleasure to assist you!                             

Debbie Reynolds
"The Real Debbie Reynolds"

Check out all Clarksville TN Real Estate on My Website

                   
                   
931-771-9070 Office | 931-320-6730 Cell

Clarksville TN Homes 

                 

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Topic:
Real Estate General Information
Location:
Tennessee Montgomery County Clarksville
Groups:
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Tags:
veterans
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clarksville
zero downpayment

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Ambassador
3,613,423
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Debbie VA Mortgages make a lot of sense for Veterans, unfortunately many Veterans do not take advantage of this benefit.

Jul 10, 2018 03:16 PM #1
Rainmaker
2,116,524
Elizabeth Weintraub Sacramento Real Estate Agent, Top 1% of Lyon Agents
Lyon Real Estate - Sacramento, CA
Put 40 years of experience to work for you

It's a good deal for sellers, too, because VA buyers are often far more loyal to the transaction than other types of buyers.

Jul 10, 2018 04:02 PM #2
Rainmaker
1,420,879
Yolanda Cordova-Gilbert
Richmond, TX

Debbie,

 Va loans are wonderful and a such a little thing we can do for our vets! Our vets deserve the best from all of us and I bend over backwards when they are my clients.

Jul 10, 2018 06:21 PM #3
Rainmaker
2,965,444
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Good to work with both an agent and a lender well versed in this area.

Jul 11, 2018 03:45 AM #4
Rainmaker
3,816,849
Joan Cox
Metro Brokers - House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Debbie, the VA loan is a wonderful product for our Vets.  I have had many Vets use this loan even with 10% down, as there is no mortgage insurance.  

Jul 11, 2018 05:46 AM #5
Rainmaker
2,218,948
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

The VA loan is hands down the best loan that a person can get, so if someone is eligible for one, they would be crazy not to use it.

Jul 11, 2018 07:15 AM #6
Rainmaker
1,849,137
Patricia Feager, MBA, CRS, GRI
DFW FINE PROPERTIES - Southlake, TX
Selling Homes Changing Lives

Debbie Reynolds - I love that you are an advocate for VA loans for our military personnel and those that serve. I'm an MRP and always enjoy working with them too. 

Thank you, Debbie for the great services you do for our Military families. 

Jul 11, 2018 06:22 PM #7
Rainmaker
4,617,665
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Debbie.  I usually enjoy doing VA loan transactions and helping out our vets.

Jul 12, 2018 05:41 AM #8
Rainmaker
4,945,169
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

This is important information to share with prospective home buyers. 

Jul 12, 2018 07:55 AM #9
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Your Dedicated Clarksville TN Real Estate Agent
Clarksville and Real Estate are my specialities! May I help you?
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