Prescott Real Estate News Blog's purpose is to keep current, past, and potential clients apprised of the real estate market conditions for the Prescott, Arizona Area. National and state news and events will be posted but special emphasis will be placed on Prescott Area and the Yavapai County - Prescott, Prescott Valley, Chino Valley, Dewey and Kirkland/Skull Valley.
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Department of Veterans Affairs Loans: Getting Vets into Homes
The VA loan program can make it much easier for veterans to secure a home than with other loan solutions. This program is available to veterans and guaranteed by the Department of Veterans Affairs. Frequently VA loans offer lower interest rates than conventional financing. In addition, with a VA-guaranteed loan, there is no private mortgage insurance requirement, which saves you even more money each month.
W.J. Bradley proudly offers government-backed VA loans for veterans. These loans have many advantages over other types of loans:
Available to veterans, reservists, active-duty personnel, and surviving spouses of veterans, based on military entitlement
No down payment
No cash reserves
No application fee
Seller is required to pay certain closing costs, decreasing the closing costs for the borrower
May pay off some consumer debt with the refinance loan program
1-4 unit primary residences may qualify with restrictions
Up to 100% financing (based on VA lending limits) may be available for purchase loans and up to 90% for cash-out refinances. Gift funds or bond programs for down payment and closing cost assistance are allowed.
Call me today to learn more about qualifying for a VA loan!