Who is eligible for getting a VA loan?
The VA loan is available to veterans, active duty service members, and reservists. Your VA eligibility can be verified through VA directly or you can contact a VA Lender who can verify your eligibility for you.
Why use VA?
- VA is one of the only mortgage products left that allows NO DOWN PAYMENT – that’s right 100% financing
- There is no required Mortgage Insurance
- The credit qualifications are easier than FHA and Conventional
- Interest rates are GREAT
I am a VA Approved lender and work for a Baltimore based local community bank that has been around for over 100 years! We process, underwrite, close, and fund VA loans in-house. We know the local real estate market. We are VA experts.
If you are moving to the Maryland, Virginia, or Pennsylvania area and are part of the BRAC realignment, we have additional incentives for you as well. How about free money to pay for your closing costs? Ask us about the BRAC Homeownership Incentive.
Contact the Stuart Epstein team for more details….
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ReplyDeleteThe basic ideas behind a VA loan have been explained in this article in a nice way. The article has mainly talked about VA loan eligibility and its benefits. Here one can get 100% financing with no down payment at all. The interest rate on these loans is very attractive. Credit requirements attached to this loan are comparatively easier than that of comparable FHA loans and the conventional loans. In case of VA loans, you are not even required to pay the mortgage insurance premiums. Moreover, the VA loans are guaranteed by the Department of Veteran Affairs and issued by the private lenders.
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