The Department of Veterans Affairs (VA) offers loan assistance to help United States military personnel qualify for and purchase homes, with an opportunity to finance 100% of the purchase price.
How It Works
As with most other home purchases, the process for buying a house with a VA loan begins with a written offer to purchase the home under specific conditions, followed by an approval process with a lender. A VA loan is different from other mortgages in that the Department of Veterans Affairs requires that any home purchased through a VA loan program be appraised and inspected to ensure the property is habitable and worth its value. Property-related issues don’t mean that homes can’t qualify for a VA loan, but the property may require repairs before you can complete the home-buying process.
Lenders will review your credit and ability to pay the mortgage, but financial constraints won’t automatically disqualify you from receiving a loan. If you are struggling financially, you may be required to save up for a down payment or pay down some of your overall debt before you can qualify.
Having a VA loan broker like Lend 4 You in your corner helps with all aspects of prequalifying for a loan from the Department of Veterans Affairs, including navigating closing costs.
Benefits of VA Home Loan Assistance
- Buy your home with little to no down payment required.
- Multiple mortgage options are available, including those with 15 to 30-year terms
- Not having to pay additional money towards private mortgage insurance (PMI)
- No pre-payment penalties for paying off your mortgage early
Learn More About VA Loans
Do you have questions or want to know more about VA loans? Lend 4 You is your trusted VA loan broker. Contact us today for your free consultation. We’re ready to help you with our incredible nationwide lender network. Our team of experts can also answer your questions and provide incredible VA loan assistance options.
**Lend 4 You is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA or, the Federal Government.
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