What is a VA Loan?

By
Mortgage and Lending with PS Mortgage Lending 305-791-4874 or 888-845-6630 365768

I remember when I joined the army I’d heard about the VA Loan and wasn't sure what it was about. I just heard it was really good. Now I know for a fact (having received one myself) that it’s really good. The VA Loan is made for veterans, military members currently serving in the U.S. military, reservists, and surviving spouses. It can be used to buy single-family homes, condominiums, multi-unit properties, manufactured homes, and new construction.

 

Simply put, it’s a benefit for the veterans, it’s a mortgage. The most important part is that you can literally put 0% down, so it’s basically a 100% financing. Other types of mortgages could give you up to 90% - 97%. Regarding closing costs, you can get a seller, a lender or a realtor to help you with it.

 

Again, the VA has become the mortgage with the lowest down payment in the US, that’s one of the biggest benefits, but there’s a bunch of other things as well.  For example, your credit status and your debt to income ratio are not big factors like in other loans. So more veterans can qualify without the best credit, little to no down payment, and low income.  Sounds like another way our country takes care of their veterans.

 

Get a VA Loan today! I am happy to help with everything you need!

 

 

 

Posted by

 

 

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Information and content in this blog is original to Phil Stevenson

Please click the "SUBSCRIBE TO MY BLOG" button on the right, and receive more Traditional and Reverse Mortgage information in Florida and other parts of the US & Puerto Rico.

 

Phil Stevenson

PS Financial Services

Owner and Principal Mortgage Originator

Certified Reverse Mortgage Professional (CRMP)

LO #365768

NMLS #968090

Cell: 888.845.6630

Miami Mortgages & Florida Mortgages

Copyright © 2013 by Phil Stevenson & PS Financial Services, LLC

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Mortgage / Finance
Tags:
veterans
va loan
mortage
va mortgage

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
264,826

Phil Stevenson, CRMP

"Mortgage Nerd" in Miami, Florida and Texas
Ask Me About the NEW Reverse Mortgage Program!
*
*
*
*
Spam prevention