Thursday 12 May 2016

Veterans Home Loans: How do VA loans work for buying a home?

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VA Loans aka Veterans Home Loans are a special benefit for home buyers that is reserved for veterans only. You need your DD214 form to apply for this mortgage.


http://seanmcgeehan.com


Veterans Home Loans are 100% LTV with 0% down payment.


Benefits to VA Home Loans:

-0% Down Payment

-Zero Monthly Mortgage Insurance

-Only For Veterans


Important Points About VA Home Loans:

-You can only have one VA loan at a time.

-You must have your DD214 veterans form available.

-Upfront VA funding fee varies depending on your status of duty.

-Flexible underwriting guidelines.


Veterans love using the VA to purchase homes. It has very attractive features like a low down payment without monthly mortgage insurance. VA rates are fantastically low as well.


Did you know that VA loans are the best performing mortgage loans for banks?


Sean O. McGeehan

Mortgage Loan Officer

NMLS 220835


847-613-7843 Phone

847-728-5291 Fax

http://seanmcgeehan.com


“Illinois Residential Mortgage Licensee” Sean McGeehan, Loan Officer

NMLS 220835

Phone 847-613-7843


Peoples Home Equity

14150 S Bell Road

Homer Glen, IL 60491

NMLS 63371

“Illinois Residential Mortgage Licensee” “Materials are not from HUD or FHA and the

document was not approved by the Department or Government Agency.”

1323

source



Veterans Home Loans: How do VA loans work for buying a home?

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