VA LOANS - One of the best types of mortgages and here's why

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Mortgage and Lending with Canopy Mortgage - Leo Namiot 89769

VA Loans have many advantages and are one of the most appealing paths to homeownership — this great benefit is reserved exclusively to those who bravely served our country and select military spouses.

One of the most common misconceptions about the VA Loan program is the amount of “Red Tape” involved, this isn’t the case. The bottom line is average closing times for VA loans rarely differ greatly from those for conventional loans and offer some great benefits.

 

 

Advantages of a VA Loan 

  • Purchase your home with as little as 0% down payment - up to 100% of the appraised value.
  • Competitive interest rates and no private mortgage insurance mean lower monthly payments
  • Lenient credit guidelines
  • Lower interest rates as compared to other home mortgage loans

  • 30-, 25-, 20- and 15-year terms are all available with fixed rates.
  • 5-year adjustable rate mortgage available.
  • Jumbo VA loans available.
  • VA Streamline Refinance with a reduced funding fee and flexible documentation requirements – available for veterans currently in VA loans.
  • No monthly PMI (Private Mortgage Insurance).
  • VA loans are governed by the U.S. Department of Veterans Affairs.
  • Pay your mortgage off at any time without pre-payment penalties.

Disadvantage of a VA Loan

The disadvantage to VA home loans is their selective eligibility requirements: they are only available to those who meet the qualifications set by the VA. Additionally, there is a VA loan funding fee of between 1.25 and 3 percent that you need to pay which can be financed into the VA Loan.

Our VA Loans are processed and underwriten in-house by our Simpler Home Loan team. We take pride in offering great low rates to those who served. Find out today how a VA Loan can be a benefit to you. Get More VA Loan Information Now 

We are proud to offer VA Home Loans for purchases and VA Loan Refinancing Including IRRRL Refinancing at great low rates to our qualified active military and veterans.

Florida VA Loan Specialists

Georgia VA Loan Specialists

 

#simplerhomeloan #valoans #bestvalender

 

 

 

 

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