Veterans - Thank you for your Service but did you hear about the VA LOAN?

Millions of Veterans and their families have been able to enjoy the benefits of the ZERO down VA mortgage. However millions of other  veterans are either unaware of or missing out on this great benefit.

Only about 10% of the country's 22 million veterans have a VA-backed loan. One third of Veteran’s buying homes don’t even know about their home loan benefit, according to survey data from the Department of Veterans Affairs. 

As a Realtor I want to ensure that the Veteran’s I meet are aware of their benefits. I have collaborated with Veteran’s united and will always ask if a customer has served and if he or she is aware of the VA loan. It is not always the best fit, but it is a great option for many Veteran home buyers.

The VA loan was instigated by the government as part of the GI Bill after World War II. The idea was to make homeowner ship possible for returning Veterans.

Decades later the same loans are still helping Veterans purchase homes. The VA insures a portion of the loan on behalf of eligible veterans and service members. Because of this the risk for the lender is reduced and the ZERO down benefit is extended to the Veteran. There are also exemptions to fees etc. should a veteran have a specific degree of disability.

A licensed mortgage broker can advise on the actual details and how the loan works, as a Realtor I am happy to give my customers but leave the details to the mortgage broker and concentrate on my job of selling homes.

The inspection of a VA loan is pretty strict. However this is also a benefit for the future residents as the home is thoroughly checked and inspected before any financing is approved.

For veterans and service members, just knowing VA loans are an option is important. It is always necessary to talk about and compare the costs of different loans. However if the loan office doesn't know you served he or she often just won't ask. Generally a mortgage broker will be able to explain the pros and cons of a particular loan type. Ultimately it comes back to how log someone is planning to live ij a home and on the individual purchaser’s financial situation.

The LR Group embraces Veterans and whether you are looking to buy a new home or move in to a resale property we are her to assist. Thank you for your service.

If you are interested in Buying or Selling 

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