5 reasons military veterans should use a VA loan to finance their home

by Tamara Tapman, SWBC PersonalHUB

As a veteran, you have worked hard and made unimaginable sacrifices to protect our country and our freedom. It’s only fair that you receive some benefits in return! One of the major benefits of your service to our country is the opportunity to use a VA Mortgage Loan to purchase or refinance a home. Here are five great reasons to use a VA loan to finance your home:

1. Qualified buyers using a VA loan may purchase a home with no down payment.

Because the federal government insures a portion of each VA loan, lenders know their interests are protected. Therefore, lenders offer veterans VA home loans without requiring a down payment (up to the Federal Housing Agency limit for the property’s county). Obviously, the ability to buy a home without saving for years to accumulate a down payment is a huge advantage to you.

 

continue reading »