VA loans are a great option if you’re Active Duty Military or a Veteran looking to purchase your dream home, pay off debts on your current home, make improvements, or just reduce your monthly payments and lower your interest rates.
Who Qualifies For a VA Loan?
There are a few qualifying factors to get a VA loan, however, if you ever have any questions about qualification, we can help you! Call us at 360-676-9600
2 years active duty/6 years in the reserves or National Guard
Surviving spouse of a veteran who died in combat
Honorable discharge after 90 days or more, any part of which occurred during wartime, or 181 days of peacetime.
Benefits of a VA Loan
If you qualify, a VA loan can be very beneficial to you, as it offers many wonderful aspects that can help you out. Whether buying a new home, renovation, or refinancing. A VA loan will be one of the best options for you. Benefits include:
No down payment
No monthly mortgage insurance
More flexible income and credit standards
No prepayment penalty
Negotiate with the seller to cover most or all closing costs
Lower interest rate and monthly payments
If you want more information on a VA loan, contact us today! 360-676-9600