I NEED VA LOAN HELP WHO DO I TURN TO?

When purchasing a home, there are many loan options available to you. If you served in the military, you may be eligible for a VA loan that comes with no down payment and low interest rates.

However, if you aren't sure that you qualify or you need more information about the loan program, who can you turn to for help?

Click icon to add picture

TALK TO A LENDER OR MORTGAGE BROKER SPECIALIZING IN VA LOANS

As with any other type of mortgage loan product, the first step to learning more about a VA loan may be to talk with a lender or broker.

Make sure that this person or company specializes in VA loans or otherwise has access to accurate and specific information about how to qualify or what loan terms you may be entitled to.

A lender or broker may be able to sit down with you in his or her office or talk with you over the phone about your specific needs and budget and how such a loan can help.

For instance, you may be interested in an adjustable rate mortgage (ARM) or a fixed-rate mortgage (FRM).

There are pros and cons to each, and a lender may be able to help you decide which is best for your needs.

Click icon to add picture

THE U.S DEPARTMENT OF VETERANS AFFAIRS MAY PROVIDE ASSISTANCE

If you visit the Veterans Affairs website, you will be given information about various home loans and grant opportunities that are available.

This should help you determine if you are eligible for a VA loan, how to choose the best type of loan to fit your needs and how to begin the application process.

It is important to note that the government does not make VA loans themselves. Instead, they merely guarantee to lenders that the borrower will not default on them.

This is the reason a down payment is not required of qualified borrowers.

Therefore, you will need to talk to a lender or mortgage broker in your area about the specific criteria that they use when issuing such a loan.

Click icon to add picture

YOUR REAL ESTATE AGENT MAY BE FAMILIAR WITH THE PROGRAM

Generally, real estate agents are knowledgeable about many different types of loan programs.

Over time, they will deal with everyone from first-time buyers with limited funds for a down payment to those who are in the market for traditional or jumbo mortgages.

Therefore, there is a good chance that your agent has experience with the VA loan process and what it takes to qualify.

Your real estate agent may also talk with a lender or broker on your behalf or otherwise…

…research VA loan qualifications and criteria if you mention that you are considering such financing to purchase your home.

VA loans can be an effective tool for veterans looking to buy a personal residence for themselves and their families.

If you or someone you know needs help understanding this loan product, don't hesitate to reach out to a lender, a real estate agent or the VA at any point in the home buying process.

Mortgage Originator Jimmy Vercellino, specializing in VA loans, helps veterans use their VA loan benefit to their greatest advantage.  

For more details call 480-351-5904. Visit the site at www.valoansforvets.com

VA Loans for Vets7600 E. Doubletree Ranch Road #200 Scottsdale, AZ 85258Phone: (480) 351-5904Email: jimmyv@fcbmtg.com