Vermont VA Loans
It is quite expensive to purchase new houses in Vermont right now, but with a VA Loan it is much more affordable than you might expect. The VA Loan Guaranty Program was started in 1944 as a way to help veterans and their families afford the house of their dreams. Since that time, millions of veterans and their families have taken advantage of the many benefits of a VA Loan that make homeownership a reality. These benefits are still available today, and make it possible for current and ex-military members to still afford new houses even in these tough economic times.
Zero Down Payment
With a Vermont VA Loan you can obtain loans in the upper six-figures without having to supply a down payment on the house. Conventional loans can require anywhere from 5 – 20% for a down payment, which can add up very quickly. This is the biggest benefit of using a VA Loan, and has helped millions of veterans who would not otherwise be able to purchase a house be able to become proud new homeowners.
Low Interest Rates
As a VA Loan recipient, you are a much more secure and desirable borrower than if you had a conventional loan. Because of this, you will be able to take advantage of really great interest rates. You may even be able to get a rate that is well below the current mortgage market rate in the US.
No Mortgage Insurance
In addition to the zero down payment feature and low interest rates, you also won’t be required to purchase mortgage insurance. Private mortgage insurance generally takes up a substantial portion of your monthly payments, so now you will have more money to spend on daily bills.
Minimal Closing Fees
The VA only issues a one-time fee for obtaining a VA Loan which will be no more than 1% of the total loan, and may be waved in some circumstances. Additionally, while you may still have to pay the closing fees, the VA puts a cap on this amount so you are assured of a reasonable amount at the end of the loan process.
How to get started
To get pr-approved today, take a minute to fill out our secure online form. It only takes a minute to fill out and one of our excellent VA specialists will contact you to help you get started today!
How to Get Started Today
It’s never been easier to get started with a VA refinance. Simply fill out our secure 1-minute quote request form