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VA home loans in Farmington, Utah, who does them - Canopy Mortgage

August 9th, 2021 10:31 AM by Nathan Rufty

If you are a veteran in Farmington, Utah, did you already know that you are able to get veteran loans with the some of the lowest rates around? There are so many people who qualify for these types of loans, but they may not realize it. These loans are available to veterans who served in World War II, the Korean and Vietnam Wars as well as those who were in service during the times of peace between these wars. For more information about what can qualify you for a loan, you can read more about that on the veteran's affairs website.

There are also differences between getting a veteran loan and just going to the nearest bank for a loan. For veteran loans, there is no need to worry if you don't have the best credit score because there are no FICO score requirements on the application. You can even get a loan if you are self-employed for your work, but you will just need to provide a few years of tax returns.

Another benefit for having a veteran loan is that you are going to get a very low interest rate. All loan lenders are competitive for your business and they want to do whatever they can to keep you with their company. Make sure that if you are looking to borrow from an institution that you make yourself aware of the benefits given to veterans and compare them against each other. Get a loan that will make your finances a little easier to manage and keep you free from stress.

You may be eligible for a VA loan by meeting one or more of the following requirements:

  • You have served 90 consecutive days of active service during wartime.
  • You have served 181 days of active service during peacetime.
  • You have 6 years of service in the National Guard or Reserves.
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

VA home loans in Farmington, Utah Benefits:

  1.  No down payment on a VA loan
  2.  No mortgage insurance for VA loans
  3.  VA loans have a government guarantee
  4.  You can shop for the best VA loan rates
  5.  VA loans don’t allow a prepayment penalty
  6.  VA mortgages come in many varieties
  7.  It’s easier to qualify for VA loans
  8.  VA loan closing costs are lower

To get started please contact Nathan Rufty at 909-503-5600.

Posted by Nathan Rufty on August 9th, 2021 10:31 AM



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