Mortgages for Veterans and Active Military
If you’re a veteran or active military, you have exclusive benefits for home mortgages, which will make it easier and less expensive to buy or refinance a home. There are lenders across the country that offer VA loans, and we can put you in touch with one right now.
Benefits of VA Loans
No Down Payment: Most conventional loans require a 20% down payment, which is a huge barrier for most people. A VA loan requires zero down payment, as long as the purchase price is at or lower than the appraised value.
No MIP Insurance: If you’re a first time borrower, you would normally be required to pay mortgage insurance, which is how the lender protects themselves from default. With a VA loan, the government backs your mortgage, so mortgage insurance is not required. That alone can save you around $1,000 per year, per $100,000 borrowed.
Lower Payments: Because VA loans generally have lower rates and better terms, your monthly payments will be lower.
Easier to Qualify: Because VA loans are backed by the US government, lenders are more open to lending, even if your finances are not in the best shape.
Do You Qualify for a VA Loan?
Your lender can provide the specifics, but these are the general guidelines for qualification:
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How Real-Estate-Yogi Can Help You Get the VA Loan You Deserve
While the benefits and qualifications of a VA loan are the same everywhere, the service and ease of applying can vary greatly by lender. It’s important to get your VA loan from a lender who is experienced in VA loans, so the process is smooth and efficient.
Simplified Process: The process can be complicated but we keep it simple. We put you in touch with lenders who are experienced and take care of the paperwork for you.
Quicker Processing: Since our lenders are experienced in writing VA loans, they make the process much faster and easier.
Reputable Lenders: We have a nationwide database of reputable lenders you can trust to give straight answers and provide the best service.
Call Real Estate Yogi to Find an Experienced VA Lender Now!
Real Estate Yogi is nationwide database of experts in lending, VA loans, bad credit lending, credit counseling, real estate, home improvements, inspections, legal, and more. We connect you to the VA Lenders you need. There’s no cost or obligation to call.