For 80 years, Veterans Affairs (VA) home loans have helped countless Veterans buy a home. But even though a lot of Veterans have access to this powerful program, the majority don’t know about one of its core benefits. According to a recent survey, only 3 in 10 Veterans are aware they may be able to buy a home with no down payment with a VA loan.
That means 7 out of every 10 Veterans could be missing out on a key homebuying advantage.
That’s why it’s so important for Veterans, and anyone who cares about a Veteran, to be aware of this program. As Resource Financial President and CEO, Wade Douroux explains, “VA home loans come with a list of big-time benefits, including $0 down payment, no mortgage insurance, flexible and forgiving credit guidelines and the industry’s lowest average fixed interest rates, ” he says. “In addition to those benefits, Resource Financial does not charge any lender fees on our VA Home Loans, adding an extra $1,000 in savings on an already powerful loan.”
The Benefits of VA Home Loans
These loans are designed to make buying a home more achievable for those who have served. And, by extension, they also give their families the opportunity to plant roots and build equity in a home of their own. Here are some of the biggest advantages for this type of loan according to the Department of Veterans Affairs:
- Options for No Down Payment: One of the biggest perks is that many Veterans can buy a home with no down payment at all.
- Limited Closing Costs: With VA loans, there are limits on the types of closing costs Veterans have to pay. This helps keep more money in your pocket when you’re finalizing your purchase.
- No Private Mortgage Insurance (PMI): Unlike many other loan types, VA loans don’t require PMI, even with lower down payments. This means lower monthly payments, which can add up to big savings over time.
- With Resource Financial – NO LENDER FEES: We are one of the only lenders in the nation to offer this added savings to members of the military and their families.
Do you know if you’re eligible for a VA home loan? If you want to learn more, visit our VA Home Loans website to see if you qualify.
VA home loans offer life-changing assistance, and Resource Financial is your trusted lender to help make sure you understand the details and are ready to move forward with a solid plan. At Resource Financial Services, our mortgage bankers are experienced and resourceful, offering financial options that can ease your stress and help you find financial peace.
Get started online at rfsmortgage.com. Call us today toll-free at 803.748.4545 and ask to speak with one of our mortgage bankers about your home loan options.
