VA Loan Benefit
“Mortgage loans are used to buy a home or to borrow money against the value of a home you already own.”
If you're active duty, a veteran, a spouse or surviving spouse, the VA loan is one of your benefits. Here's why the VA loan is superior to traditional mortgage loans to buy a house:
1. $0 down payment required
2. No mortgage insurance (extra payment for less than 20% down payment)
3. Limits on lender fees and out-of-pocket costs
4. Seller credit up to 4% of the purchase price to help pay closing costs
5. No loan limits
6. No prepayment penalties - you can sell the home immediately
7. Relaxed credit standards = easier to qualify
Buying a home and investing in real estate is easier than you think.
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