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VA Home loans in Surprise AZ, who does them

Veterans benefits in Surprise AZ extend way beyond the ability to receive disability payments or attend school for free to get a secondary education after discharge from the armed forces. Yet many veterans are not aware of the details defining their additional benefits, especially when it comes to the real estate for military members to purchase when they wish to join the homeowner ranks.

And, there are many ways for the personnel who have served in the armed forces to use their government-granted benefits that do not just fall into the home loan category. To start, individuals who belong to this group of home buyers will find that one main advantage they can enjoy is to obtain a veteran home loan with little or no money down.

Also, interest rates for veterans real estate loans are usually much lower than what the other folks who have not served their country are able to secure. Veteran mortgage loans are also not subjected to penalty fees if the borrower decides to attempt prepaying the loan, a condition that is not on the table for the non-combatants of the group.

In addition, the military home loan doesn't only have to be used for the purchase of a residence, as the acquired funds can also go towards making improvements within an existing home such as upgrading to energy efficient equipment or installing re-enforcers onto the property's foundation for better protection against the elements. Solar heating and solar cooling are other improvements that are commonly made when using a military home loan for reconstructive purposes.

VA Home Loans in Surprise Arizona Benefits:

  • 0 Down Payment- VA Loans are among the last 0% down home loans available on the market today.
  • No PMI- Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.
  • Competitive Interest Rates- The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a more competitive rate than non-VA loans.
  • Easier to Qualify- Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

VA Home loans in Surprise AZ, who does them?

Call Nathan Rufty at (623) 850-1210 to get qualified for a VA Home Loan in Surprise Arizona.
Posted by Nathan Rufty on May 15th, 2019 2:11 PM



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