VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans.

Other benefits of a VA loan include:

• Negotiable interest rate.
• Closing costs comparable – and sometimes lower - than other financing types.
• No private mortgage insurance requirement.
• Right to prepay loan without penalties
• Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
• Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.

Active duty military and Veterans may apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.

VA Home Loan Programs

 The Benefits of a VA Home Loan?

 VA Home Loans are some of the best loans in the industry, and aren't just limited to active duty veterans during war-time. Surviving spouses of veterans, National Reserve and Coast Guard members that have been in their respective service for 6 years, and even the citizens who served with the U.S. as allies in different engagements can all be eligible for the VA Home Loan Programs available in Metro Phoenix areas of Arizona in the cities of Phoenix, Phoenix, Phoenix, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear. Also, 100% financing is available to the majority of VA-eligible individuals. There are programs available to VA home loan signers that help with payments during financial hardship, and there is no penalty for prepayment on VA home loans. Also, upfront fees associated with normal home loans are limited and capped by the VA, allowing a much more affordable entry point for veterans in the Metro Phoenix areas of Arizona in the cities of Phoenix, Phoenix, Phoenix, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear.

Requirements and Restrictions of VA Home Loan Programs - Explained

There are some restrictions and requirements to qualify for a VA Home Loan in Metro Phoenix areas of Arizona in the cities of Phoenix, Phoenix, Phoenix, Sun City, Litchfield Park, Sun City West, Surprise, Goodyear, they are as follows:

 

Information on VA Loans and Entitlements Getting your Certificate of Eligibility and Loan Working With your Buyer’s Agent Home Buying Process And More

FREE  VA Buyers Course Registration   Name of Veteran taking this Course:* Primary Market Area (City or Base):* Your Email to Send Diploma to:* Are you working with one of our Veteran First National Network Agents? Yes No If "Yes", which one?: Have you been pre-qualified? Yes No Would you like us to contact you? Yes No Preference of contact: Phone:* or Email:* Comments or Questions: * Required Fields Our Network of Veteran Certified Agents and Lenders are dedicated to helping make your real estate experience and loan process the best ever. They participate in this program to thank you for your service and help support the membership benefits you receive after closing. Any Questions, Contact the KLCSLoanTeam as your lender visit us at www.Veterans-First.com. Got Questions: Email us at info@veterans-firstprogram.com This course is owned and operated by the Veterans First Program which provides anyone that has served, currently serving or deceased spouses of Veterans a host of Membership Benefits including a Rewards Check. Our program is NOT a Rebate, but a Membership benefit paid directly after closing. Certain restrictions apply. Our Lenders pay a fee to join our Network. A Veteran can use any lender and still be entitled to their benefits. The $400 Appraisal Credit is a promotion provided only by participating lenders in our network. Questions contact us at info@veterans-firstprogram.com Your privacy is important to us, we do no share your information with anyone. MLOS# 218520 • AZ License # LO-0916745 • CA License # DBO-218520

 

 

Start Here to Save!