Military homebuyers qualify for all sorts of exclusive deals you may not know about. Don’t miss out on huge money-saving opportunities. Take advantage of all that you are eligible for! Don’t know where to begin? Contact a military relocation specialist today; they can answer all of your questions and get you on the right track.
VA Home Loans require no down payment for qualified buyers. These loans are among the only 0% down home loans available to anyone today. A conventional loan can require 3.5% – 5% down, which is not always attainable for home buyers in today’s economy. And since VA Loans are backed by the US government, you won’t have to purchase private mortgage insurance (PMI). Usually, PMI is a requirement for any home buyer who finances over 80% of the home’s value. VA Loans can often have much lower interest rates than conventional loans, saving you major dollars over the long term. And as a military homebuyer, you are almost guaranteed to qualify. According to Veterans United, “in most parts of the country, veterans who qualify for the VA Loan can purchase a home worth up to $424,100 without putting any money down; however, with the 2017 VA Loan Limits, borrowers in high-cost counties may be able to purchase homes far exceeding that amount without a down payment.” To find out the VA Loan Limit in your area this Loan Limit Calculator.
Military homebuyers can often have much lower or even zero closing costs on the purchase of a home. VA Home Loans consistently have the lowest interest rates out of all loan types. You can also be protected from pre-payment penalties, enabling your family to pay off a loan early without any additional fees. The VA can even advocate for you to help avoid a foreclosure if your family is ever faced with that challenge.
You can trust that your home is in good hands
VA Home Loans are a benefit of your selfless service to the United State government. You aren’t getting a loan from some faceless bank who only has their own best interest at heart. You are working together with the nation you already love and serve. To the VA, you aren’t just a number. Your family matters, and the the VA is proud to be your support and advocate for you on this homebuying journey. It’s the least they can do to thank you for your service.
If you’d like to speak to a military relocation team that will help you, contact The Walden Team today!