Virginia VA Loans
Buying a new house in Virginia doesn’t have to be a scary, expensive or confusing endeavor. If you are a qualified veteran, you can take advantage of the VA Loan Guaranty Program which has made the entire loan process easy and affordable for its veterans. As a qualified veteran in Virginia, you are entitled to a minimum guaranty of $36,000 for a new house. This means you can afford that great house without having to supply a down payment on the property. This zero-down feature makes it possible for young couples and families to afford new houses even if they don’t have the necessary capital saved up.
With a Virginia VA Loan, you get many benefits in addition to the no-down payment feature. For starters, you also won’t be required to pay any private monthly mortgage insurance. Plus, as a veteran you are a very secure borrower which means you will be able to take advantage of interest rates that are below the current mortgage market rate in the US. Finally, you will also be guaranteed minimal closing fees, easy repayment plans and streamlined refinancing.
Thinking of Moving to Virginia?
In order to qualify for a VA Loan in Virginia, current members of the military must serve a minimum of 181 days of regular active-duty service. Ex-military members who were honorably discharged from the military must have also served this length of time. There are quite a few exceptions to the rules which can be found on the VA’s website. You will also find the eligibility form on the website which you can either submit today or have your lender submit for you during the loan process. Once you have your Certificate of Eligibility (COE) you are free to start taking advantage of the immense VA Loan benefits.
Get Started Today!
Getting started on your Virginia VA Home Loan has never been easier than it is today. Simply take a minute to fill out our online form and one of our VA specialists will get in contact with you. It’s fast, secure and only takes a minute to get pre-approved. What are you waiting for!