What Is A VA Loan?
VA loans are specialized mortgage financing instruments designed exclusively to reward America’s active duty and retired service personnel for their commitment and sacrifice on behalf of the country. These loans offer a number of advantages that other mortgage loans do not. They are designed to be reasonably easy for veterans to obtain and often require lower monthly payments than other financing options out there.
The VA home loans program was created in 1944 by the federal government to help ensure that service men and women had access to the American Dream. Today, this program offers veterans with access to low VA loan rates and a mortgage structure that is more financially beneficial than other options. While private banks actually finance VA loans, the federal government backs them. This results in banks having the confidence to offer lower VA mortgage rates and other terms that are less stringent than standard mortgage holders might be offered.
At MyVaRefinance.net, we are proud to be able to specialize in VA refinance options and VA loans. We have been in the industry for more than a decade, helping veterans just like you obtain the financing necessary to make homeownership dreams come true.
Who Qualifies For VA Loans
VA loans are available for only a strict class of people with a track record of service to their country. The people who may qualify for VA home loans include:
· Veterans
· Active duty personnel in America’s armed services
· Reservists and National Guard members
· Surviving spouses in certain cases
The Benefits Of VA Loans
There are a number of reasons why it pays for veterans to look into VA loan rates and options over other mortgage choices available. The reasons why VA loans can prove to be the best choice include:
The down payment – While many mortgage programs call for a down payment of 10 to 20 percent, VA home loans still offer zero down. This is a very attractive option for those without a large cash reserve to afford a down payment.
The monthly payment – VA mortgage rates combine with a few other factors to ensure monthly payments that are reasonable. VA loans do not require private mortgage insurance, which is an added expense many other homeowners pay on a monthly basis.
The process – Some people believe that the loan process for obtain VA loans is too difficult. This is not the case. At MyVaRefinance.net, we have streamlined the process to make it even easier for veterans to obtain the financing they need. We even offer an easy VA refinance program so veterans can take advantage of today’s lower VA loan rates.
Qualification requirements – Overall the requirements for VA home loans are less stringent than other financing options. Veterans don’t have to have perfect credit to obtain financing at good interest rates.
If you’re ready to look into financing a new home or refinancing your existing VA loan, we’re here for you. Just fill out our 30-second request form and we will get started right away helping you explore your VA loans options.
The VA home loans program was created in 1944 by the federal government to help ensure that service men and women had access to the American Dream. Today, this program offers veterans with access to low VA loan rates and a mortgage structure that is more financially beneficial than other options. While private banks actually finance VA loans, the federal government backs them. This results in banks having the confidence to offer lower VA mortgage rates and other terms that are less stringent than standard mortgage holders might be offered.
At MyVaRefinance.net, we are proud to be able to specialize in VA refinance options and VA loans. We have been in the industry for more than a decade, helping veterans just like you obtain the financing necessary to make homeownership dreams come true.
Who Qualifies For VA Loans
VA loans are available for only a strict class of people with a track record of service to their country. The people who may qualify for VA home loans include:
· Veterans
· Active duty personnel in America’s armed services
· Reservists and National Guard members
· Surviving spouses in certain cases
The Benefits Of VA Loans
There are a number of reasons why it pays for veterans to look into VA loan rates and options over other mortgage choices available. The reasons why VA loans can prove to be the best choice include:
The down payment – While many mortgage programs call for a down payment of 10 to 20 percent, VA home loans still offer zero down. This is a very attractive option for those without a large cash reserve to afford a down payment.
The monthly payment – VA mortgage rates combine with a few other factors to ensure monthly payments that are reasonable. VA loans do not require private mortgage insurance, which is an added expense many other homeowners pay on a monthly basis.
The process – Some people believe that the loan process for obtain VA loans is too difficult. This is not the case. At MyVaRefinance.net, we have streamlined the process to make it even easier for veterans to obtain the financing they need. We even offer an easy VA refinance program so veterans can take advantage of today’s lower VA loan rates.
Qualification requirements – Overall the requirements for VA home loans are less stringent than other financing options. Veterans don’t have to have perfect credit to obtain financing at good interest rates.
If you’re ready to look into financing a new home or refinancing your existing VA loan, we’re here for you. Just fill out our 30-second request form and we will get started right away helping you explore your VA loans options.
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