Veterans and their families have been the back bone of our country since the beginning. They earned the benefit so why not use it? VA loans make it possible for Veterans and their families to purchase a home or refinance their existing home with 100% financing and no monthly mortgage insurance. Here are some of the amazing benefits of why the VA home loan is a great option for Veterans:

• Equal opportunity
• No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property)
• Buyer informed of reasonable value, negotiable interest rate
• Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation)
• Closing costs are comparable with other financing types (and may be lower)
• No mortgage insurance premiums
• An assumable mortgage
• Right to prepay without penalty
• Lifetime benefit
• VA assistance to veteran borrowers in default due to temporary financial difficult

The VA benefit is also a lifetime benefit and the Veteran can use it over and over again, as long as the previous VA loan is paid in full. We always want to get the Veteran in a great home loan for them and we look at every loan as if it were our own. The Veteran has earned this benefit and we encourage every Veteran to use their VA home loan.