Seattle and Tacoma VA Loans
Any veteran interested in buying or building a house in the Seattle or Tacoma areas should consider going through the VA to obtain a loan. There are so many benefits to using a VA Loan that you’ll be amazed you hadn’t thought of it before. The VA has made it so simple and so affordable to purchase homes in Seattle and Tacoma. If you are interested, you might want to contact us
Conventional Loans vs. VA Loans
Today, it is increasingly difficult to find loans that don’t require a hefty down payment on the house. However, the VA Home Loan Guaranty Program has been issuing loans with a zero-down feature for years, and these loans are still available today. Instead of having to save up for years for that 20% down payment, you can now get a loan without worrying about going into debt.
The no-down payment feature of Seattle and Tacoma VA Loans is the greatest benefit available to veterans, but it is by no means the only one. When you get a VA Loan you also won’t have to pay private monthly mortgage insurance. Plus, because you are such a secure and desirable borrower, it is possible to get really low interest rates and individually tailored repayment plans.
Veterans and current members of the military can qualify for serving their country after a certain length of time. In order to obtain a VA Loan, you and your lender must submit an eligibility form which can be found on the VA’s website. They will send you a Certificate of Eligibility (COE) in the mail upon approval of the application.
Once you have your COE you can start house hunting right away or get pre-approved for a loan. Getting pre-approved is a great way to find out just how much you will be able to borrow before you start searching for your dream house. Plus, it’s incredibly secure, quick and easy! Take a minute to fill out the form and get started on big savings today!