By Directors Financial Group
United States veterans can take advantage of special government mortgage programs designed just for them. Offered by the U.S. Department of Veteran Affairs, veteran loans are better known as VA loans. These home loans, which are only offered to veterans, have easy qualifications which require little to no down payment. There is no downside to the program as well. If you are eligible for a veteran loan it is probably the best decision for your mortgage.
As always, speaking with a VA lender is recommended to receive the most current information about requirements and restrictions. Although requirements do not change often there are exceptions which are area and family specific. A direct VA lender can also offer you rate information and other possible mortgage program options.
If you are a veteran who served in the United States military, you are eligible for benefits such as VA home mortgage loans. Find out more about obtaining your benefits and getting into a new home with little to no down payment, a low mortgage rate and fixed fees for your home loan with the VA.
If you have a veteran loan you could be saving money by refinancing today. Find out more about VA loan refinances and the benefits of refinancing your Veteran Affairs insured loan. With mortgage rates holding currently it could be the best time to lock in a low rate before they rise higher.
Even with mortgage rates being very high and credit scores being low, VA loans can still get borrowers a great rate on their home loan because Veteran Affairs insures the loan. This means that veterans can still receive great mortgage rates on their home loan simple by using a VA loan compared to a conventional mortgage loan. Find out more about the many benefits of VA loans.
California sets aside over a billion dollars worth of mortgage insurance for United States Veterans every year. However, with many veterans finding it hard to buy a home, the insurance simply goes unused. That is why state legislatures want to change the way we use these dollars. Find out more about how California wants to divert mortgage assistance to better help veterans.
Although homeowners with VA loans do not have many options for refinancing the VA Streamline Refinance Program allows them to use their VA guarantee to receive a refinance that can lower monthly payments by hundreds of dollars. Find out more about the veteran home loan program that is helping veterans with a VA guaranteed home loan to refinance easily.
All Rights Reserved - 2013 Directors Financial Group - Company NMLS ID 1060886 is an approved lending institution under the Federal Housing Administration (FHA) which is part of the U.S. Department of Housing & Urban Development (HUD). Loans on properties in California will be made or arranged pursuant to a California Department of Real Estate license #01815326. If we are unable to service your mortgage we will connect you with one of our associated mortgage bankers who can assist you. Interest rate, program terms and conditions are subject to change without notice. Certain restrictions and conditions will apply - not all applicants will qualify. Granting of loan is subject to credit requirements. NMLS Consumer Access
