One advantage to having served our great country is the VA Home Loan.
This is a 100% Loan - Plus the VA Funding Fee.
2.15% First time use and no down payment
3.3% Second time use and no down payment
0% for Disabled Veterans with service-connected disabilities.
If you do have a down payment, the funding fee can be reduced based on the amount of down payment. You lender can provide more details on this.
Rates vary for Reservist and National Guard members.
2.4% First time use and no down payment
3.3% Second time use and no down payment
What are the advantages of a VA Home Loan ?
100% Financing
No PMI - Private Mortgage Insurance
Seller can pay ALL Closing Cost and Pre-Paid Items (Pending terms of your negotiated contract)
Can someone have more than One VA Loan ?
Answer: YES
Based on credit approval and the Sale Price of the 2nd home.
Who can use a VA Home Loan ?
This can vary depending on the time of your service dates.
Wartime Service
WWII
Korean War
Vietnam War
Peace time Service period as follows:
7/26/1947 to 6/26/1950
2/1/1955 to 8/4/1964
5/8/1975 to 9/7/1980 (Enlisted)
5/8/1975 to 10/16/1981 (Officer)
Service after 9/7/1980 (enlisted) or 10/16/1981 (officer)
Gulf War - Service during period 8/2/1990 to date yet to be determined
Active Duty Service Personnel
Selected Reserves or National Guard
Click here for a complete list of the Military Service Requirements for VA Loan Eligibility. for a link to the Department of Veteran Affairs website. Here you will get all the specific details of each group listed above.
Click here to see ALL homes For Sale in Clarksville, TN and Oak Grove, KY and the Surrounding areas. If you are not ready to Purchase a home at this time, we also offer Rentals as well until you are ready to find that perfect home.
Roland Woodworth is a Realtor licensed in both Tennessee and Kentucky.
In Montgomery County Tennessee and Christian County Kenucky (Fort Campbell, KY) your VA Loan can purchase a home up to $417,000.00
Information in this post and links via the Department of Veteran Affairs website. VA funding fee may change in the future.
We want to be YOUR REALTOR®
Contact Shirley Parks with Sands Realty at 210-414-0966 or email shirley@shirleyparks.com.
Search for homes: www.shirleyparks.com
We serve all of San Antonio, including the cities of Alamo Heights, Terrell Hills, Shavano Park, Hollywood Park, Hill Country Village, Bulverde, Garden Ridge, Schertz, Cibolo, Converse, Universal City.
We serve ALL neighborhoods, including Stone Oak, Encino Park, Cibolo Canyons, Rogers Ranch, Sonoma Ranch, Steubing Ranch, Canyon Springs, Alamo Ranch, Champions, Stonewall Ranch, The Dominion, and more.
We speak Spanish. Se habla español.
Shirley - great synopsis on VA loans. I have used them 3 times and it has been worth it each time.
Shirley: Thank You for the re-blog. This is great information. Hope it is helpful to you and others who read it.