With so many veterans in San Diego, it is incredible how underused VA housing loans are. The loans, organized by the United States Department of Veteran Affairs, offer a wide array of benefits to active duty personnel, veterans and spouses.
Many borrowers do not need large down payments and can avoid insurance premiums, penalty fees and high interest rates. VA home loans make buying a home simple and affordable. Some applicants even qualify for no-money down, 100 percent financing.
Contact the appraisers at www.scappraisals.com; they have VA Certified Appraisers that can assist you.
In many cases, it is easier to get a VA loan with a less-than-favorable credit score than a bank loan. In fact, Veteran Affairs does not require a minimum credit score, although lenders may have their own internal requirements. Unfortunately, many applicants do not take advantage of the VA loan system because they are not sure if they qualify or know how to start the process.
Most military members, veterans, reservists and National Guard members are eligible for a VA loan as well as surviving spouses of military members who died on active duty or as a result of a service-related injury.
Vahomeloancenters.org is one of the leading web resources providing information on eligibility requirements and home loan specifications.
Read entire article: http://www.utsandiego.com/news/2013/mar/20/veteran-affairs-loans-va-loan-mortgages-military/
Disclaimer: for information and entertainment purposes only
Green Real Estate Appraiser 