VA Loan Eligibility for Veterans
Nancy Maminski • September 11, 2021
Buying a home in the current housing market with a VA loan is possible and there are some great advantages. The VA home loan is a program non-military home buyers with they had. Conventional and FHA loans require at lease 3.5 to 5 percent down. On a 250,000 home that could be up to $12,500.00. With a VA loan if you qualify, you can buy or build a home, or refinance an existing home mortgage, with as little as $0 down, great rates and financing with no mandated cap. Another benefit over traditional mortgages is that there is no PMI (Private Mortgage Insurance, the monthly insurance fee charged to protect the bank until you reach at least 20% equity).
84 year young George Brooks, now proudly displays his American flag
at his new dream home. George's Air Force service working on
B36's and B-52's while stationed in Guam, Thailand, and Hawaii and
Alaska, before they were even declared states, qualified George for a
VA loan! We found him his dream home (with his dream garage) and now
George is living the American dream of home ownership.
Share this post
50 Year Mortgages = A Bad Financial Decision
The short answer: yes, you can — but it depends on your goals, risk tolerance, and how you structure it.
Florida Real Estate: A Market Full of Opportunity
