Most Veterans Don't Know About An Important VA Loan Benefit

Most Veterans Don't Know Enough About VA Loan Benefits
 
 
 
 
 Veterans Affairs (VA) home loans have helped a lot of Veterans reach their goal of owning their own home for more than 79 years. But Veterans United says that only 3 out of 10 Veterans know they might be able to buy a home without a down payment (see image below):
 
 
 
 The Veterans and people who care about Veterans need to know about this great program. Finding out about the tools out there can make it easier to become a homeowner and keep plans that will change your life from being put on hold. This is what Veterans United says:

“The ability to buy with 0% down is the signature advantage of this nearly 80-year-old benefit program. Eligible Veterans can buy as much house as they can afford, all without the need to spend years saving for a down payment.”

VA Home Loans Advantages

VA home loans are meant to help people who have served our country become homeowners. The Department of Veterans Affairs state that the following perks come with these loans:

Options for No Down Payment: One of the best things about being a Veteran is that many of them can buy a home with no down payment at all. This makes it easier to start the process of buying a home.
 
 Closing Costs: Veterans only have to pay some closing costs, as there are limits on the types of closing costs they have to pay when opting for a VA Loan. When you're ready to close the deal, this helps you keep more money in your pocket.
 
 No Private Mortgage Insurance (PMI) Needed: VA loans don't need PMI, even if you make a smaller down payment, unlike many other loan types. That means smaller bills every month, which saves a lot of money over time.
 
 Your team of expert real estate professionals, which should include a local agent and a lender you can trust, is the best way to learn about all the choices and benefits that can help you reach your homebuying goals.
 
 
 
 Highlights
 
 Part of the American Dream is to own a home, and VA home loans are a great way for people who have served our country to get one. Make sure you have everything you need to make smart choices in the housing market by getting in touch.

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The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Wizards of Real Estate LLC does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Wizards of Real Estate LLC will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.