VA LOANS – PURCHASE
THE BEST CHOICE FOR MILITARY AND VETERANS
A VA loan is perhaps the most powerful and flexible lending option today. Rather than issue loans, the VA pledges to repay about a quarter of every loan it guarantees in the unlikely event the borrower defaults. In addition, Military Mortgage Lending will help you determine if you are eligible for a VA Loan and even help you obtain your Certificate of Eligibility. Get started today!
BENEFITS OF VA LOANS
There are many key benefits of VA loans which often come with very favorable terms. For example, VA loans do not require a downpayment and have very low-interest rates. This makes them an excellent choice for anyone looking to purchase a home with as little money out of pocket as possible.
If you’re ready to get started on the path to homeownership or have any questions about VA loans, please don’t hesitate to reach out to us. We’re here to help you every step of the way.
BENEFITS OF CONVENTIONAL LOANS FOR PURCHASING
Our military mortgage loan program offers veterans a variety of advantages, including lower interest rates, flexible terms, and more relaxed qualification requirements than conventional loans. With our program, veterans can be sure they are getting the best deal possible, in terms of both interest rates and loan terms.
CAN BE USED ON ALL PROPERTY TYPES
Veterans who take advantage of a conventional loan for purchasing can use the loan to buy any type of property, including a single-family home, a condominium, a multi-family dwelling, a cooperative, a manufactured home, or a variety of other property types. Conventional loans can also be used to purchase land and build a home.
With a conventional loan, veterans can purchase any type of property, regardless of its condition, location, or purpose. This type of loan allows veterans to choose the property that best meets their needs.
MORE LOAN PROGRAM OPTIONS ARE AVAILABLE
Veterans who are looking to purchase a home have more options available to them with a conventional loan than with other loan types. Conventional loans offer veterans a wider variety of loan programs than other loan types, such as adjustable-rate mortgages, fixed-rate mortgages, and jumbo loans. With a conventional loan, veterans can choose from various loan terms, and a variety of loan-to-value ratios, and benefit from lower down payment requirements. Allowing veterans more options when it comes to purchasing a home with a conventional loan can help them find the right loan to fit their needs.
THE PURCHASER CAN HOLD MULTIPLE CONVENTIONAL LOANS
This can be advantageous for veterans who are looking to purchase multiple properties either for investment purposes or to rent out as a source of income. Holding multiple conventional loans allows veterans to spread out the cost of their purchases and manage the debt more effectively. Furthermore, it gives them the flexibility to buy multiple properties without having to go through the process of reapplying for additional loans.
NO MAXIMUM LOAN LIMIT
This allows veterans to borrow the amount of money needed to purchase the home they desire, regardless of the amount. This can be particularly beneficial for veterans who may be looking to purchase a more expensive home. The lack of a maximum loan limit also allows veterans to make a larger down payment, reducing their overall loan amount and monthly payments. Furthermore, it eliminates the need to qualify for a jumbo loan, which can be more difficult.
Military Mortgage Lending is dedicated to helping our clients find the best mortgage loans for their unique needs. Apply today!
KEY BENEFITS
If you are a veteran or active duty military member, then a VA loan may be the best choice for you when it comes to purchasing a home. Contact us today to learn more about this powerful and flexible lending option. We can help you obtain your Certificate of Eligibility and get you on the path to homeownership.
- Down payment as low as 0%: You may be able to finance 100% of your home.
- Higher allowable debt-to-income ratios than many other loans: Check to qualify for a beneficial rate.
- No mortgage insurance required: You may be able to avoid costly monthly insurance premiums
No prepayment penalties: You can make extra payments or pay off your loan early without penalty.
WHO QUALIFIES?
If you are looking for a home loan and are a military or veteran member, then a VA loan may be the best choice for you. VA loans are one of the most effective and flexible lending options, with many vital benefits and favorable terms. Contact us to learn more about how we can help you obtain your Certificate of Eligibility and take advantage of this great program.
- Active duty service members and veterans
- Those who served 90 consecutive days of active service during wartime
- Those who served 181 days of active service during peacetime
- Those with more than six years of service in the National Guard or Reserves
GET IN TOUCH TODAY
There are many reasons to consider a VA loan when purchasing a home. One of the most important is that VA loans are available to both active duty military members and veterans. As a result, nearly anyone who has served our country can take advantage of this powerful lending option.
Be sure to keep an eye on this events page to see what’s coming up and how you can get involved. We hope to see you soon as we work with a growing community of military homebuyers at Military Mortgage Lending!
Your Need, Our Priority
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