VA Loans

VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if the borrower fails to repay the loan. In most cases, no down payment is required on a VA guaranteed loan.

Other benefits of a VA loan include:
  • Negotiable interest rates.
  • Closing costs are comparable to other financing types.  
  • Right to prepay loan without penalties
  • The Mortgage can be taken over (or assumed) by a qualified buyer when the home is sold.
  • Counseling and assistance is available to veteran borrowers having financial difficulty or facing default on their loan.
  • Up to 100% financing is available on refinanced loans.
  • Mobile Homes are eligible for financing through VA
Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

A VA loan
can be used to buy a home, build a home, and even improve a home with energy-saving features. Some of these energy-saving features include solar or heating/cooling systems, water heaters, insulation, weather-stripping/caulking, storm windows/doors, or other energy efficient improvements approved by the lender and VA.

Veterans can apply for a VA loan with any mortgage lender that participates in the VA home loan program. A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan.

Contact me today to apply or apply on line now!

Communities currently served in the state of Georgia include the following: Albany, Atlanta, Bainbridge, Cairo, Camilla, Thomasville, Valdosta, Moultrie, Macon, Jonesboro, Duluth, Marietta, Sanannah, Norcross, Decatur, Sandy Springs, College Park, Roswell, Smyrna, and Stone Mountain.

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