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VA LOAN BENEFITS | 32819 | 32836 | Dr Phillips

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VA LOAN BENEFITS

VA loan benefits is an honor to those that have served in our armed forces. This type of loan is known as a Department of Veterans Affairs Home Loan and a government backed loan. This is the best home loan out there with lowest rates. There is no private mortgage insurance which is known as (PMI) and now no loan limit. VA generally accepts lower credit scores and looks for the past twelve months of credit history and no disputes on credit report accepted. Meaning they must be satisfied.

I highly recommend if you qualify to use this loan. This loan requires no money down and best loan on the market. However each contract that is presented generally an earnest money deposit. You will get credit for this deposit. There is a one time VA funding fee required, this amount can be rolled into the loan. This fee is computed on the sales contract price of the home and fee varies from year to year. This fee goes to the Department of Veteran Affairs and helps back the VA loans for the future. If you have a VA related disability, this fee can be waived. 

Your lender will request a Certificate of Eligibility which is mandatory.

There are other types to aid the veteran too! VA Interest Rate Reduction Refinance Loan (IRRRL) which places your current VA loan with a lower VA interest rate or for refinancing from an adjustable rate to a fixed rate. VA Cash Out Refinance to receive cash out provided you have equity in your home. VA Energy Efficient Mortgage Loan which finances the cost of energy efficient home improvements and VA Rehab and Renovation Loan which finances the cost of home improvements.

Lastly there a certain closing cost that the seller must pay for the buyer.

QUALIFICATIONS 

Completed at least 90 days of active duty service. Serving at least six years of service in the Reserves or National Guard. Served minimum of 181 days of active service during peacetime. You're a spouse of a military service member who either passed away in the line of duty or as a result of a service related injury.

PROCESS

Get your financials and last two years of taxes ready. Check on your credit report prior getting with your VA lender. Get pre approved before starting the process. My hat off to those that have served including myself! Trust your local home advisor Kevin Strawter at 850 496-6412 or email kevinstrawter@gmail.com to steer you in the right direction.

 


VA LOAN BENEFITS | 32819 | 32836 | Dr Phillips
VA LOAN BENEFITS | 32819 | 32836 | Dr Phillips
VA LOAN BENEFITS | 32819 | 32836 | Dr Phillips
VA LOAN BENEFITS | 32819 | 32836 | Dr Phillips

All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independent verified. Listing information is provided for consumer personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. The source of the listing data is as follows: Stellar MLS (updated 8/8/22 10:07 PM) |
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