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What To Know About VA Loans

What To Know About VA Loans | Real Estate Articles Worth Reading |
What are the benefits of a VA loan? See all the advantages of getting a VA mortgage from no down payment to relaxed credit score requirements and more.
Bill Gassett's insight:

Are you considering purchasing a home in the near future? If you are a veteran or are currently serving in the military, you might want to consider using VA financing?


What is a VA mortgage you might be wondering? VA loans are for those who have or are serving our country at the moment.


Those who are serving do get some mortgage perks by using a VA mortgage. Do you want to learn more about them?


Take a look at all of the advantages of a VA Mortgage. Without a doubt, a VA loan is worth exploring. There are costs with getting a mortgage that you won't have to pay with a VA loan vs going conventional financing.


One of the significant costs with conventional financing is private mortgage insurance. With a VA mortgage there is no private mortgage insurance!


Over at Maximum Real Estate Exposure, you'll see a complete breakdown of all the other advantages with using VA mortgage financing.


Visit the link above for a complete breakdown. If you enjoy the article, you can also give it a scoop or share it in your social media channels.

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Qualifying for a VA Home Loan

Qualifying for a VA Home Loan | Real Estate Articles Worth Reading |
Qualifying for a VA Home Loan, courtesy of your Robins AFB military relocation specialist, Anita Clark with Coldwell Banker SSK in Warner Robins GA.
Bill Gassett's insight:

If you are a veteran and know you will be buying a home in the near future I would highly recommend looking into a VA loan. There are advantages to a VA loan including the fact that you can do 100 percent financing! Yes you heard that correctly. A VA loan is one of the few loan products left where a borrower does not need much cash to purchase a home.

As Anita rightfully points out in her article qualifying for a VA Home Loan may have some additional limited restrictions to those veterans who are saddled with not so good credit scores. With the VA loan these credit issues are easier to overcome than with a conventional loan.  For example, as long as you have not defaulted on a loan in the previous 12 months, you should be considered eligible.

So who is eligible for a VA home loan? Current members of the reserve services can get a VA loan as long as they have met the minimum requirement of six years of military service.  Surviving spouses of deceased veterans who died in the line of duty or as a result of an injury received in line of duty are also typically eligible for a VA loan, as long as they have not remarried.

To see more details on VA loans visit the article!

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