IS A VA HOME LOAN RIGHT FOR YOU?

A VA home loan is a product that offers a number of benefits.

Watch the video below to see how the VA home loan works and some of its benefits.

BENEFITS OF A VA HOME LOAN

• No down payment is required
• Some closing costs are limited by the VA
• There is no mandatory private mortgage insurance requirement
• There is no penalty for an early repayment

Most non-VA home loans require a costly monthly mortgage insurance policy for borrowers who don’t have at least 20% equity or greater invested yet into their homes. A government-backed mortgage never requires a borrower to pay private mortgage insurance premiums (PMI).

ELIGIBILITY REQUIREMENTS FOR A VA HOME LOAN APPLY

Not everyone is eligible to get a VA home loan. If you are currently serving in the armed forces, then you might be eligible after completing 90 consecutive days of active duty within any wartime or peacetime period. If you do not meet the VA’s active duty minimum service requirements, regular military members will need to serve two consecutive years, while Reservists and Guard members will need to serve six years.

To learn more about a VA loan, please contact USA Financial Consultants.

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