Ins and Outs of VA Loans
Independence Day is often celebrated with family picnics, BBQs, and fireworks lighting up the sky. There are many images that come to mind when thinking about the 4th and the freedom it illustrates. This year HFG would like to focus our attention on what makes it possible, the men and women in uniform defending that freedom around the world.
Former and active duty military are given certain benefits through the U.S. Department of Veterans Affairs (VA), and it is shocking that 1 in 3 Veterans is unaware of the home financing benefits.* Some of the advantages of a VA loan are:
- Zero down payment options available
- No monthly mortgage insurance even without a 20% down payment
- Cash Out refinances up to the full value of your home
- Disabled Veterans may be eligible for a funding fee exemption
- No reserve requirements
Did you know that even if you are currently serving overseas, you can still obtain VA financing? Not all Lenders offer these products, so be sure to call your HFG Licensed Mortgage Professional today to learn more about how we can serve you!
*Source: www.va.gov/SURVIVORS/docs/NVSSurveyFinalWeightedReport.pdf
