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 a VA Home Loan:
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 a VA Mortgage?
A VA 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 a VA Loan?
All active duty and honorably discharged service members are eligible for a VA Home Loan.
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:
After your go through the pre-approval process you will then be able to begin your search for a new home.
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 and
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