Va Loans for Vets provides and assists all veterans and active duty military with ALL of their VA Home Loan Financing Needs. Be a proud homeowner today. For more details call us at 480-351-5904 or visit our site http://www.valoansforvets.com/VA Loans for Vets7702 E. Doubletree Ranch Road, Suite 220Scottsdale, AZ 85258Phone: (480) 351-5904Email: [email protected]
How to Get a VA Home Loan
Those who have given service to the United States military either currently or in the past are eligible
to apply for a VA loan for their primary residence.
VA loans make home ownership more affordable
for service people.
To acquire a VA home loan, veterans must comply with the proper application process.
A VA home loan is a program offered
by the Federal Department of Veterans Affairs
for those who have served in the military
or are currently serving.
Although they do not provide the money
for these loans, they guarantee
the loans made by private lenders.
This guarantee makes it possible for veterans
to purchase a home without a down payment and to negotiate mortgages at lower rates.
A VA loan can also be used to refinance
a property that was purchased
under the VA program.
Home loans for veterans
under the VA program can also be used
to purchase specially adapted properties
for veterans that have service-related disabilities.
The program can also help Native American veterans to purchase property
on tribal-held land.
If the service person is currently serving
in the military, the applicant should go to his or her commander, personnel office or adjutant
to secure a Statement of Service.
It must show the name of the applicant, the social security number, date of birth, entry date on active duty, duration of any lost time and the name ofthe commander.
Eligibility is based on the length of service
for both active duty members and reservists.
Veterans no longer in the service
should have their Service Record.
Approval is dependent onHonorable Dischargeof military service.
Once the information is verified,
the Department of Veterans Affairswill issue the Certificate.
The applicant can then begin to look at suitable properties to purchase.
Although the VA does not set limits on the amount you can borrow for a primary residence…
the program cannot assume liability for mortgage amounts above the service member’s entitlement.
Basic entitlement is set at $36,000, but that is not the maximum.
The upper limit of a VA loan is determined
by the location of the property you intend
to purchase, and can be for much more.
Once you have found
a suitable home, you will apply
to a private lender that accepts VA loan guarantees.
Although your Certificate of Eligibility
can help you to secure a mortgage…
the lender is free to deny the loan if yourcredit record shows payment problems.
VA Loan Specialist Jimmy Vercellino
helps veterans obtain the VA loans they are entitled to.
VA Loans for Vets provides
and assists all veterans and active duty military with ALL of their VA Home Loan financing needs.
For more details call us