VA Loans Benefit Veterans and Service Members.
Military members should consider the benefits of a VA Home Loan when financing their
* Zero down payment required
* No mortgage insurance required
* Regulated closing costs and high loan limits
The VA Home Loan program also makes securing financing easily accessible to military members by limiting eligibility requirements and by streamlining the VA loan process. To be eligible for a VA Home Loan, military members must have served for either three months on active duty during wartime or 181 days on active duty during peacetime. National Guard and Reserves are also eligible after six years of service.
Let us help you find your dream home and walk you through the steps. In as little as 30 days, military members could find themselves in a new home. You must provide a Certificate of Eligibility, file the loan application, wait for processing and approval and then close the loan.
Most VA-approved lenders will require a mid-range credit score of at least 620 to secure financing. However, veterans and active duty service members with imperfect credit histories are still encouraged to apply as those with a history of bankruptcy and foreclosure have been approved in the past.
Thanks to Matt Polsky for sending this info. He is a blogger focused on providing veterans and service members with current news and information on the VA benefits they have earned through serving our country.