VA Purchase Loans

First Time Home Buyers When it comes to VA loan purchasing your first home there are many things that you need to consider, what type of financing is right for you is one of them. If you or your spouse is eligible for a VA loan, it is one of best financing options available.

First Time Homebuyer $8000 Tax Credit
The American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009

$0 Down
The VA Loan is the only home mortgage program left that allows 100% financing. Conventional loan programs now require a minimum of 5% down and sometimes up to 20% down depending on your credit.

Low Interest Rates and NO Mortgage Insurance
VA Loans are fully guaranteed by the government. Because of this guarantee banks are able to offer loan interest rates and are not required to carry mortgage insurance on VA Loans. This equates to huge monthly savings to a VA Borrower (around 1% interest rate savings)

Relaxed Qualification Process
Because of the government guarantee VA Loans are much less difficult to obtain than conventional financing.

What’s Next?
Getting Pre-Qualified is the first step in the VA Loan Process. Once you have been pre-qualified you will know if you are eligible for VA Loan, how much you qualify for, and what you can expect next in the process. Knowing where you stand BEFORE you start with the rest of the home buying can and will save you time, energy, and any potential heartache.

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