The VA
home loan is the best deal, bar none
When you’re looking to buy a home, the VA home loan benefit has
amazing cost savings and services for Veteran and service member borrowers
Are you
in the market for a new home? Or maybe just considering buying a home in the
future? You’re in luck! The VA home loan is available for eligible
Veterans, service members, and certain surviving spouses. And, no down payment
is ever required by VA.
VA backing
means that you will save even more over the life of the loan; for example, no
Private Mortgage Insurance (PMI) is ever required on VA-guaranteed
loans. That often amounts to a cost savings of hundreds of dollars per month.
Imagine what you and your family can do with that extra money!
VA has
guaranteed over 25 million home loans between the program’s inception in 1944
to June 2020. Even today, the borrowers using their VA home loan guaranty enjoy
outstanding benefits, such as limited closing costs and competitively low
interest rates.
Over 1,500 lenders offer the VA-backed home loan. Be sure to talk to several so
you can compare rates, fees, and closing costs. When ready, you can negotiate
these costs and pick the lender with the terms that are right for you.
And don’t
worry about closing on time. VA-approved appraisers can estimate property value
just as timely as you’d find with any other mortgage loan. Our notice of value
(NOV) gives you insight into what the home is worth. Under VA rules, you don’t
have to buy a home valued below the contract price. You can decide to
renegotiate or walk away from the sale.
We want
to keep you in control of your financial decision. Put simply, the VA home loan
can put you in the home of your choice while saving you lots of money! So don’t
pass up your chance to save thousands of dollars on the purchase of your home.
Choose VA!
History
of the VA home loan guaranty
The VA
home loan benefit was created through the 1944 Serviceman’s Readjustment Act,
which is known more colloquially as the “G.I. Bill.” The Act, signed into law
by President Franklin Delano Roosevelt on June 22, 1944, represents a pillar of
the benefits earned by U.S. military service members and Veterans through their
commitment and service to the country. It is among the most widely praised and
popular benefits administered by VA and has helped put millions of eligible
service members and Veterans into their piece of the American Dream: their
home.
More
information
For
more information on the VA home loan benefit, eligibility requirements, and how
the VA loan guaranty can help save you thousands of dollars on the purchase or
refinancing of your home, visit VA’s website, here: https://www.benefits.va.gov/homeloans/.