Benefits of Using Your VA Home Loan

 Veterans / Military - VA Loan Benefits?

  • As per the Blue Navy Water Act - the VA does not have a VA Loan Limit and will cover the full amount of the loan - here are some of the benefits to utilizing your VA Loan:
  •  100% financing - NO down payment.
  •  NO Private Mortgage Insurance (PMI).
  •  NO penalties if you prepay the loan.
  •  Re-Usable for Life (No Expiration Date)
  •  Disability of 10% or more the Administration Funding Fee is WAIVED (2.175%)
  •  Competitive interest rates.
  •  Loan qualification is sometimes easier than applying for conventional loan.
  •  Sellers can pay all closing costs.
  •  Surviving spouses of eligible persons who died as the result of service or service-connected injuries.

If you have already obtained one VA Home Loan - Can you use again?

Yes, your eligibility is reusable depending on the circumstances. Typically, if you have paid off your prior VA loan and disposed of the property, you can have your used eligibility restored for additional use. 

 
Andre S. Hobbs, Veteran
Andre S. Hobbs, Veteran
Military-Trusted Realtor (#1 Preferred VA Agent)
864 Amena Court, Chula Vista CA 91910