Veteran Realtor – Terri Cox can help veterans face unique challenges when purchasing homes. As a former member of the United States Armed Forces, you may be entitled to certain VA loan benefits, such as a VA purchase loan, VA refinancing, Native American Direct Loans and Adapted Housing Grants. By taking full advantage of these benefits, you can save a considerable amount of money and find yourself in your new home faster than you may have imagined.
VA Loan Benefits
Federally backed VA loans are available to most veterans and active duty military members. Compared to traditional loans, VA home loans provide a number of benefits. While most homebuyers typically need a down payment of 5% or more, VA borrowers can purchase a home with $0 down. Considering that 5% on a $200,000 home would be $10,000, the ability to purchase a home without a down payment could allow you to purchase a home much sooner with a VA loan than with a traditional loan.
The qualifications for VA loans are also less stringent, making them more accessible to those who lack a strong credit history. VA loans offer competitive rates, are backed by the government and have the most lenient guidelines making them the easiest loans to qualify for. Because VA loans do not require the expense of private mortgage insurance and they currently have the lowest interest rates the monthly payments are much lower, and many veteran buyers save several thousand dollars over the lifespan of the mortgage.
Home Buying Assistance for Veterans
As a former member of the U.S. Navy, Terri Cox is passionate about helping fellow veterans find the homes of their dreams and take full advantage to all of the benefits to which they are entitled. If you are trying to navigate the often complicated VA loan process, please contact real estate agent – Terri Cox, today for assistance. Terri can guide you through the process and answer any questions you may have about VA-approved homes, loans and more. You can reach Terri at 720-352-0795.