Hartford, New Britain and Middletown VA Loans
If you are interested in purchasing a new house in Hartford, New Britain or Middletown, you will definitely want to consider going through the VA to obtain your loan. The VA Home Loan Guaranty Program has helped millions of qualified veterans and their families realize the dream of homeownership, and they are continuing to do so today. This has been made possible by extending huge benefits to all its qualified veterans.
With a VA Loan, you are not required to provide a down payment on the house. So even if you have never saved a dollar in your life, you will still be able to purchase a new house in Connecticut. Additionally, you will not be required to pay costly private monthly mortgage insurance. The other great benefits that make VA Loans so simple and affordable include low interest rates, minimal closing fees, individual repayment options, quick approval and streamlined refinancing.
How much am I entitled to?
Basic entitlement for qualified veterans is $36,000 on loans up to $144,000. Most counties have a loan limit that exceeds this amount, in which case your entitlement is up to 25% of the total amount of the loan. If you find a house that is above your county’s loan limit, it is still possible to get a VA Loan but your lender may require a down payment on the portion of the loan that is not guaranteed by the VA.
What are the steps involved?
When you decide to buy a new house in Hartford, New Britain or Middletown, it’s a great idea to get pre-approved for a loan first. This way you will know just how much you can afford. Once you have found your house you will need to go through the loan process which includes filling out a VA eligibility form, supplying financial documents (credit scores, debt-to-income ratio, etc), having the house appraised and paying the closing fees on the loan.
Get started today!
If you want to know how big of a loan you can qualify for, take a minute to fill out our fast online form. It’s free, secure and has no strings attached. We’re here to help you take advantage of the VA Loan Guaranty Program today!