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Veteran? buy a house with NO money down!! 100% Financing!!
Buy a House with no money down if you are a Veteran?? rnrnrnrnWhat is a VA Loan?rnrnIn 1944, the U.S. government created a military loan guaranty program to help returning service members purchase homes. The result, the VA Loan, is a mortgage loan issued by approved lenders such as Veterans United Home Loans and guaranteed by the federal government. Since its inception, the VA Loan program has helped place more than 20 million veterans and their families into an affordable home financing situationrnrn The VA Loan program is the most powerful home loan program on the market for veterans and military families. These flexible, government-backed loans come with significant benefits that open the doors of homeownership to veterans who might otherwise struggle to obtain financing.rnrn rnrnVA loans require no down payment or private mortgage insurance. They feature competitive rates and terms and allow qualified borrowers to purchase a home with little to no money out of pocket.rnrn rnrnThe increasing popularity has stemmed from the loan program’s signature benefits, which include:rnrn rnrn1. No Down Paymentrnrn rnrnSaving money and building credit can be difficult for service members who are constantly on the move. With the VA Loan, qualified borrowers can finance 100 percent of the home's value without putting down a dime. Take a look at the chart below to see how much you can save through the no-money-down benefit of the VA Loan.rnrn2. No Private Mortgage InsurancernrnMany conventional lenders require borrowers to pay private monthly mortgage insurance unless they're able to put down at least 20 percent, which is a tough task for many veterans. Private mortgage insurance (PMI) is an insurance that protects lenders in case of a borrower default.rnrnWith a VA Loan, however, there is no PMI. This is because the federal government backs all VA Loans and assumes the risk on behalf of the borrower that is typically covered by the PMI.rnrnThis VA Loan advantage allows you to build more and more equity in your house, effectively saving you thousands of dollars over the life of your mortgage.rnrn rnrn rn3. Competitive Interest RatesrnrnInterest rates on home loans are based on risk assumed by the bank to finance the loan. Because the VA backs each VA Loan with a guaranty, financial institutions carry less risk and can offer interest rates that are typically 0.5 to 1 percent lower than conventional interest rates.rnrnPair that lower interest rate with the ability to purchase a home with no money down and no private mortgage insurance and the savings start adding up significantlyrnrnDONT WAIT ANY LONGER... CALL US AT 616-279-7167 OR EMAIL US AT [email protected] TO GET STARTED
- Posted on: 2014-11-21 04:07:40
- Classified ad views: 1
- Item ID: 3580839