Real Estate Resources for Veterans

Today, we celebrate Veterans!

To show their appreciation for those who have served, the US Federal government provides a loan program for Veterans to purchase homes. Through The Department of Veterans Affairs' website, VA.gov, Veterans can apply for a VA loan to purchase a home. How VA loans differ from conventional loans are that no down payment is required, no PMI is required, and the VA guarantees a portion of the loan which reduces lender risk. There is a one time funding fee which is calculated based on the loan amount and the fee can also be financed. While I am not a loan officer and cannot offer these loans, I want to make sure to encourage all who could take part in them to see if they are eligible and if their dream of owning a home can be made possible through the resources available!

Another important aspect of VA loans if a home owner with a VA loan is looking to sell is that VA loans are assumable by qualified buyers even if the buyer is not a Veteran. While assumption is a possibility, it is not guaranteed. Buyers must qualify under VA credit/income standards.

Informing Veterans of the resources available to them is one (very) small way to give back to those who have given so much on our country's behalf. Thank you to all who are serving and who have served!