DID YOU KNOW THAT WITH A VA LOAN:
No Down Payment is required
Being one of the main reasons to choose the VA Loan, qualified buyers can purchase their home without putting any money down. You heard us right – no down payment at all. Other loan products, such as FHA and conventional, requires around a 3.5 percent or 5 percent down payment.
No Private Mortgage Insurance is required
Avoiding mortgage insurance fees also becomes a reality with the VA loan. Private Mortgage Insurance (PMI) is an insurance that protects the lender in case the borrower defaults on the loan. No PMI allows the borrower to save hundreds monthly.
Qualifying for a mortgage loan becomes easier
Because the government supports VA loans, they tend to have more relaxed requirements for qualification. This makes it easier for Veterans and their families to obtain a loan.
This is just the tip of the iceberg. With a growing list of advantages and constant changes to VA loan requirements, exemptions and more, now is the time to sign up for our Envoy VA Boot Camp. As the number of Veterans grow each year, so do your reasons for becoming Envoy Certified VA professional.