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Va HOME Loan

 

If you are a Veteran that is eligible for a VA Loan you can purchase any 1-4 family home, or VA approved condominium. The 2018 VA loan limit increased to $453,100 in 2018 except in 220 high cost counties where they are higher - $679,651.

 

Benefits of the VA Home Loan:

 

  • No Mortgage Insurance
  • No Prepayment Penalty
  • VA Streamline Refinance Programs
  • Flexible Co-signor criteria
  • Lenient Credit Criteria
  • Can Reuse VA Loan Benefits
  • And Much More....

 

As a Veteran you are given special advantages not given to the civilian community. Taking these advantages and using them to your benefit through VetsEDU will get you closer to your goal of being a homeowner.

 

What is the VA Home Loan Program?

 

The VA Home Loan Program, or VA Mortgage as it is also referred to, provides eligible Veterans & active Military personnel with a number of home financing benefits not available by other mortgage programs. A VA Home Loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA), which may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses.

 

Who is Eligible for the VA Home Loan?

 

All active duty and honorably discharged service members are eligible for a VA Home Loan.

 

  • Served 181 days during peacetime (Active Duty)
  • Served 90 days during war time (Active Duty)
  • Served 6 years in the Reserves or National Guard
  • Or you are the spouse of a service member who was killed in the line of duty.

 

Pre-Approval Process

 

The first step in the pre-approval process will be conducted by a licensed loan officer at a VA approved mortgage bank. This loan officer who will determine how much of a VA loan you can qualify for.

 

During this process they will run your credit report & gather information on the following 4 main areas:

 

  • Income
  • Employment
  • Assets/Credit
  • Home ownership history if any & your current plans for the property you want to buy.

 

After your go through the pre-approval process you will then be able to begin your search for a new home.

 

‚Äč REFINANCE YOUR MORTGAGE

 

Veterans, If you have an FHA or Conventional mortgage we can show you how to refinance your Mortgage into a VA Home Loan so you can:

 

Eliminate Your Mortgage Insurance &

Take Advantage of All The VA Home Loan Benefits

 

There are also many additional benefits to refinancing your mortgage.

VetsEDU can help you understand what type of

refinance could benefit you the most.

 

YOU CAN LOWER YOUR INTEREST RATES

LOWER YOUR MONTHLY MORTGAGE PAYMENTS

PAY OFF HIGH INTEREST CREDIT CARD BILLS

SHORTEN THE TERM OF YOUR MORTGAGE

GET MONEY FOR HOME IMPROVEMENTS

HAVE EMERGENCY MONEY ON HAND

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Headquarters in Hauppauge

& other offices Nationwide

Email: info@VetsEDU.org

Call: 631.630.2259

VetsEDU is not associated with, or endorsed by, the DoD or the Department of Veteran Affairs.