Getting the Keys to Homeownership With VA Home Loans

One of the unique ways our Country says “thank you for your service and sacrifice” to members of our military community and their families is through VA Loan Guaranty Service (LGY) – more commonly known as VA home loans.

The LGY program is designed to help Veterans, active-duty Service members (including National Guard and Reserve members), and eligible surviving spouses realize the dream of home ownership by providing a highly competitive loan with the following features:

• » Typically, there is no down payment requirement.
• » No private mortgage insurance (PMI) premiums or mortgage insurance premiums (MIP)
• » No loan limit if the Veteran has full entitlement and the ability to meet lender’s financial guidelines.
• » In most cases, lenders can process eligibility in just one day (down from 26 business days in 2015).
• » Potential to own more than one property at a time if the Veteran borrower has ample entitlement, financially qualifies, occupies the property, and follows all VA loan guidelines.
• » VA does not require a minimum credit score, though lenders often set a credit score limit.
• » Competitively low interest rates compared to other loan programs.
• » No VA funding fee for eligible service-connected disabled Veterans and surviving spouses.
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• Since the program’s inception almost 80 years ago, VA has backed more than 28 million home loans. If you are a Veteran, active-duty Service member, National Guard or Reserve member, or eligible surviving spouse and you are in the market for a new home, we encourage you to call our office at 910.221.4440 or contact VA home loan staff at 1-877-827-3702 to learn how to put this exclusive benefit to work for you and your family.

Our real estate brokerage has had tremendous success ensuring those who have served and sacrificed for our Country have access to this exclusive home loan benefit. The processes for loan application and certification of eligibility are straightforward and efficient. And, with the program’s zero-down-payment potential, military buyers are at a competitive advantage over other buyers.