Are you a Veteran? Do you know a Veteran?
If you are a veteran, thank you for serving our country! If you know a veteran, please thank them on our behalf! The sacrifices of our troops is something we value and love.
When it comes to securing a mortgage, we don’t want our troops to go unnoticed. We want to help our troops get the mortgage they need for their home. Luckily, there are some enhanced options for securing a loan as an active duty or retired member of the military.
Here are some special perks to applying for a VA loan:
No need for a downpayment
Whether your home will cost $50,000 or $500,000, a downpayment is not required. This allows you to move into your home much quicker!
No mortgage insurance is required
You can save hundreds of dollars per month on a Private Mortgage Insurance plan, that would otherwise be necessary.
You can use your Basic Allowance for Housing (BAH) as part of your proof of income.
When you pair that proof of BAH with proof of your regular income, it can help qualify you for a larger loan.