VA Loans in Kerrville TX - the best loan program in Texas!
VA Mortgage Loans are one of the best mortgage loan programs available today for both honorably discharged Vets and active duty military personnel.
Here are some of the great features of this fantastic 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.
How do you know if you qualify for VA Loans in Kerrville TX.
You must first verify your eligibility. Eligibility is verified by ordering your Certificate of Eligibility or COE. A Texas VA loan lender can order your COE quickly for you, or you can go directly to 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 very important that you contact a lender who knows the VA Mortgage Loan program and all of the important differences compared to other mortgage programs.
You can find our pre-approval form here: http://legacyfinancial.com
The pre-approval involves a credit check and supporting documentation such as paystubs and bank statements.
Although there is no down payment required for VA Mortgage loans, it's important not to forget that there are VA closing costs involved in every transaction. 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.
You can find out more about your VA Home Loan benefits by visiting the Texas Regional VA Office Website or in person: http://www.va.gov/directory/Guide/state.asp?dnum=ALL&STATE=TX.
It is very important that you work with a local lender who understands the unique aspects of VA Mortgage Loans. We have specialized in VA Loans in Kerrville TX and 100% VA Mortgage Loans for over 24 years and would be happy to answer any questions you may have. It doesn't cost a penny to call!