If you are a veteran, a VA loans is a great benefit for serving our country!

VA loans are guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required.

Other benefits of a VA loan include: 

• No money down required 
• Closing costs comparable – and sometimes lower - than other financing types.
• No private mortgage insurance requirement.
• Right to prepay loan without penalties.
• Mortgage can be taken over (or “assumed”) by the buyer when a home is sold.
• Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
• Veterans who are receiving VA disability may have discounted costs and may have a discount on property taxes.

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.  * One exception is if the veteran has been deemed partially or fully disabled by the VA.  The funding fee may then be discounted or waived entirely.

A VA loan can be used to buy a home, build a home and even improve a home with energy-saving features such as solar or heating/cooling systems, water heaters, insulation, weather-stripping/ caulking, storm windows/doors or other energy efficient improvements approved by the lender and VA.

You can apply for a VA loan with me.  Living close to an air force base, (Hill AFB) I have provide many with this great loan.

Contact me and I will walk you through the entire process.