For active military members, as well as many veterans and even their spouses in many cases, VA loans are an excellent way to finance a home purchase. These government-backed loans offer several key benefits, such as low interest rates and no down payment requirements in many cases.
While conventional mortgages will typically require at least 3% down on the purchase price of the home, and often even more, VA loans can often be obtained with no money down. This can make it much easier to afford the home you want, and avoid having to pay private mortgage insurance (PMI) as well. In addition, VA loans typically offer lower interest rates than other types of mortgages. This can save you a significant amount of money over the life of the loan.
At Primary Residential Mortgage Inc., we're proud to offer VA loans to our clients. We're here to help you take advantage of this great program and get into the home of your dreams. We'll start by learning about your situation and helping you understand whether you meet the basic qualification guidelines for a VA loan. We'll then help you gather the necessary documentation and walk you through the entire loan process.
We're committed to helping our clients take advantage of every available government program to make homeownership more affordable. Contact us today to learn more about VA loans and see if you qualify.