Veteran Home Loans
Did you know that eligible veterans can buy a home with as little as zero money down?
If you are actively serving in the armed forces, or are a veteran who received a discharge classified as Honorable or Under Honorable Conditions and served a minimum of 90 days active duty, you may qualify! The “VA Guaranteed Home Loan” is a government backed program designed to make the dream of homeownership possible for eligible veterans.
VA Purchase Loans
Here are some important benefits:
- 100% financing available
- The seller can contribute the full amount of the borrower’s closing cost, plus up to an additional 4% of the sales price
- The veteran can be stationed overseas and his or her spouse can still purchase a home locally
- In-service veterans can use quarters/housing allowance income to qualify and make the mortgage payments
- There are no prepayment penalties
Eligible veterans who have available home loan entitlement may use a VA Guaranteed Home Loan to purchase a single family residence, condominium, townhouse, co-op, or build a new home. The loan can also be used for energy efficient repairs, alterations, renovations and improvements. VA loans can only be used on a primary residence. Since VITEK is a direct lender for VA loans, we can process your loan in-house which will get you into your new home faster.
