Loans for Veterans
Your housewarming party is just around the corner.
What is a VA Loan?
A VA loan is a type of mortgage backed by the U.S. Department of Veterans Affairs. It’s available to current service members, veterans and eligible surviving spouses, and offers several advantages, which are listed below:
✓ No down payment required
✓ VA loan benefits can be reused
✓ No private mortgage insurance
✓ Mortgage loan can be refinanced
Why Home Quest Lending for your VA Loan?
A true one-on-on experience
For starters, we’re approved directly with the VA (Lender ID #978146-00-00) . There is a verification process that takes place to make sure that our company has all the credentials and legitimacy to fund these transactions. Our extensive understanding of this particular type of loan is well established by the sheer number of Veterans we’ve assisted over the years. Because we’re a smaller organization, the Veteran has a true one-on-one experience with our Loan Officers. Many VA lenders simply can’t offer that due to the huge volume of VA loans that they fund. Veterans deserve more than a call-center treatment when buying or refinancing with their VA benefit. We take our time, explain everything in detail, and give Veterans the tools to make an informed decision on how to use their benefit.
VA Loans are cheaper than any other loan
All Conventional or FHA borrowers looking to purchase or to refinance must pay mortgage insurance if the down payment is less than 20%. Veterans don’t pay this and shouldn’t have to pay it; it’s the very least our government can do to reciprocate their service to our country. With the combination of the lowest interest rates ever and eliminating the requirement to pay mortgage insurance, Veterans benefit the most from this perfect storm.
The VA Guarantees your loan, VA Interest Rates are historically lower than traditional Conventional loans. Along with the VA eliminating the requirement to pay mortgage insurance, borrowing money has never been cheaper for Veterans looking to purchase a home.
