Our Soldiers Return!

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Did you know veterans may purchase a home with no money down?

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The VA loan allows veterans to purchase a home with 100% financing. If you know a veteran that is returning, or perhaps on that is living here renting please pass this information along. They will need a small amount to put down with an offer, and to be able to pay some closing costs, but the total amount needed should be less than $2,500 in most cases.

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WHAT CAN A VA LOAN BE USED FOR?

1. To buy a home, including townhouse or condominium unit in a VA-approved project.

2. To build a home.

3. To simultaneously purchase and improve a home.

4. To improve a home by installing energy-related features such as 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. These features may be added with the purchase of an existing dwelling or by refinancing a home owned and occupied by the veteran. A loan can be increased up to $3,000 based on documented costs or up to $6,000 if the increase in the mortgage payment is offset by the expected reduction in utility costs. A refinancing loan may not exceed 90 percent of the appraised value plus the costs of the improvements. Check with a lender or VA for details.

5. To refinance an existing home loan up to 90 percent of the VA-established reasonable value or to refinance an existing VA loan to reduce the interest rate.

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Contact me for more information!