Military Active Duty & Veterans VA Home Loan Guarantee

ThinkstockPhotos-488520756.jpgWHAT IS A VA GUARANTEED LOAN?

A VA-guaranteed loan can be used to:

Buy a home, either existing or pre-construction, as a primary residence

Refinance an existing loan


BENEFITS OF A VA GUARANTEED LOAN:

Equal opportunity for all qualified Veterans to obtain a VA loan

Reusable

No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property)

No mortgage insurance

One time VA funding fee that can be included in the loan

Veterans receiving VA disability compensation are exempt from the VA funding fee

VA limits certain closing costs a Veteran can pay

Can be assumed by qualified persons

Minimum property requirements to ensure the property is safe, sanitary, and sound

VA staff dedicated to assisting Veterans who become delinquent on their loan


WHO IS ELIGIBLE?

Generally, the following people are eligible:

Veterans who meet length of service requirements

Service members on active duty who have served a minimum period

Certain Reservists and National Guard members

Certain surviving spouses of deceased Veterans 


Please fill out the following form for additional information on this loan!

Excerpt from U. S. Department of Veterans Affairs
ANDRE' S HOBBS Realtor
ANDRE' S HOBBS Realtor
Navy Veteran, President, VAREP SD