What are VA Loans?
Veterans Affairs mortgages, also known as VA loans, are provided to active-duty military and veterans to make the home buying process easier for those who qualify.
What are the Advantages of VA Loans?
The government does not enforce a minimum credit score to be eligible for a VA loan and is one of the few remaining mortgage options for those who do not have the finances needed for a down payment.
Another advantage of taking out a VA loan is the assistance the organization offers to individuals struggling to pay back their mortgage. The VA’s financial counselors can help by negotiating with a lender regarding the borrower’s payment plan.
Active members of the military, veterans, and members of the National Guard are qualified to apply for VA loans. Spouses of service-connected disability or deceased military members may also apply for these types of loans.
Why should you choose Mortgage Possible?
Our team offers a 24-hour loan center for future home owners who don’t have time to apply for a loan during regular business hours. We offer quick loan approvals and provide our clients with the best loan options for their needs and financial situations. Our team members are well-versed in VA loan rules and requirements and will ensure you are knowledgeable about our mortgage process prior to committing to a loan.
For any questions about the VA loan process or any of our other home loan services, give our team at Mortgage Possible a call to speak to a local team member who can answer all of your home loan questions. Contact Us Today!