VA First Time Home Buyer

"NO PLACE LIKE (YOUR FIRST) HOME"

If as a first-time military homebuyer you're having trouble qualifying for conventional loans, you're not alone. Conventional loans have many requirements with the largest being down payment and years of employment. As a veteran you have an option with the VA home loan program. Uniform Services Veterans Mortgage enjoys the satisfaction of assisting a vet successfully through all of the nuances of the VA home loan program. We are here to help first-time military homebuyers circumvent the various issues they face with traditional loans and guide them through the VA home loan process. We routinely accomplish this by providing VA Loans that put these homebuyers in their own homes.

NO DOWN PAYMENT

A down payment can be a big hurdle. With conventional loans you are expected to make a down payment of at least 10% of the home's value. This can go up to 20% considering the current stringent lending environment. We understand that as a first-time homebuyer you may not have the funds to make the payment. With a VA Loan you don't have to make any down payments. You don't have to scrap your idea of owning a house just yet.

ELIGIBILITY EASE

Traditional loans have a laundry list of eligibility criteria and qualification requirements. For instance, if you don't have a strong credit history you will have a hard time getting approved. Even if you do get the approval, the loan will probably carry a higher interest rate than a similar VA first time home buyer program. With its less strict eligibility requirements, a VA Loan is the perfect alternative. It's much easier to qualify for a great interest rate.

MAKE LOWER MONTHLY PAYMENTS

VA Loans don't require the costly private mortgage insurance (PMI). Without this expense you may enjoy lower payments every month which is money in your pocket! Coupled with affordable interest rates, VA Loans can save you thousands of dollars over the loan's term.

Other Benefits Include:

  • Equal opportunities for veterans to buy a house
  • Closing cost limitation
  • Long repayment period
  • No pre-payment penalty
  • May be assumable

 

 

 Interested In Discussing Options In Depth?

We Can Guide You!

We understand that this is a lot of information to process. If you would like personal help to guide you through the steps of acquiring a VA home loan, USVM is glad to be of service. Contact us at 888-997-8786 to learn more about which options will work best for you. We would be honored to serve you!