Veterans Home Loans: How do VA loans work for buying a home? 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.
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
Peoples Home Equity
14150 S Bell Road
Homer Glen, IL 60491
“Illinois Residential Mortgage Licensee” “Materials are not from HUD or FHA and the
document was not approved by the Department or Government Agency.”