Loan Options
Some History of the VA Loan
The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA). The VA home loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. This historic program has guaranteed more than 25 million VA loans, helping Veterans, active duty military members and their families purchase or refinance a home. Today, the VA mortgage is more important than ever. Scores of Veteran and military buyers found it increasingly difficult to get home financing in the wake of the Great Recession, and many lenders tightened their guidelines again because of the 2020 global pandemic. Over the last decade in particular, VA loans have provided a lifeline for Veterans and active Military homebuyers facing higher credit score and down payment requirements. VA loans are a specialized loan product, but they aren’t more difficult or cumbersome than other types of home loans. This VA loan guide is here to provide you with the tools necessary to navigate your VA home purchase or refinance and get the most out of your hard-earned benefit.
Veterans Administration
You have served America in the armed forces and you deserve to be honored for your service. Whether you were in the marines, air force, army or national guard, you deserve the best. The USA knows how to take care of her own and will take care of you. Here in America, you have the opportunity to excel. We have foreigners who serve our country and use that opportunity to not only get the much coveted Green Card but also to achieve their Dream of Homeownership. If foreigners can avail themselves to the pride of homeownership what more of you who were born here? If you are gainfully employed, and we don’t see why not, then you can buy a home with no money down or refinance one if you already availed yourself to the opportunity. The solutions we offer to are veterans are pretty generous: Besides not having to put a penny down, your credit doesn’t have to be stellar and we are also very flexible when it comes to your debt-to-income ratio.
