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Why Get a VA Loan ?

Why a VA Loan?

It's simple ... Lower Rates. Lower Payments. $0 Down.
Find out why thousands of people are choosing Veterans United Home Loans and VAMortgageCenter to use their VA home loan benefit and allow us to help you:

Lower your monthly payment
Lower your interest rate
Purchase a home with $0 down

Purchase with $0 Down
A VA mortgage is one of the only loan programs that still allows the borrower to finance 100% of the home's value and purchase with $0 down.
Now more than ever banks are requiring large down payments for conventional loans. In many cases they require 10-20% down, putting home ownership out of reach for many prospective buyers.
How much will $0 down save you? Conventional loans will require a minimum of 5% down, and in many cases as much as 10% and 20%.

Lower Your Monthly Payment
A VA loan offers two benefits that will substantially lower your monthly payment.

PMI, or private mortgage insurance, is not required on a VA loan. PMI is an added monthly expense required for conventional loans where the borrower finances more than 80% of the home's value.
Interest rates are also lower with a VA Loan, typically 0.5%-1.0% lower than a conventional loan. A lower rate combined with monthly PMI savings can substantially lower your monthly payment.
Getting Qualified is Easier
The qualification guidelines are less stringent for VA mortgages.

Because the loan is backed by the government, banks have relaxed the often strict lending rules for VA loan applicants making them easier to obtain.

If you are a Veteran see What a VA Loan Can Do For You

Contact the Author

Maryland Professional full time agent representing Buyers and Sellers