Home Loans California & Arizona

The VA Mortgage program is made available to qualified and eligible Goodyear, Arizona Veterans through private lenders such as banks, mortgage brokers, and direct lenders. 

 

The benefit of a VA Home Loan is the VA guarantees a portion of the mortgage, so the lender is protected against losses if the borrower defaults. What this means for eligible Veterans is that they are able to obtain favorable VA guaranteed financing for their home purchase or refinance. Typically this includes no down payment financing for the purchase of a home, without having to pay monthly mortgage insurance. They typically will also receive a competitive interest rate.

 

 VA purchase home loan program in Goodyear, Arizona Benefits:

 

  • A 30-year fixed interest rate mortgage loan, several rates and loan options available
  • Down payment assistance (DPA) provided as a grant (never needs to be repaid) or forgivable second lien loan
  • DPA available for up to 5% of the loan amount
  • You do not have to be a first-time homebuyer
  • Available statewide through a network of participating lenders
  • Income limits vary by county. Expanded income and purchase price limits available in targeted areas.

 

Veterans who qualify for this program have the opportunity to purchase a home with little or no down payment, at what are often unbeatable rates. The home must meet the following requirements to be eligible for a Goodyear, Arizona VA Home Loan:

 

The home must be located in the state of Arizona.

The Veteran must be purchasing the home to be their primary residence.

Eligible property types are single family attached or detached, townhomes, condos, or homes within a planned unit development.

 

Do you have more questions about VA Purchase Home Loans in Goodyear, Arizona? Call Nathan Rufty at (623) 850-1210

Posted by Nathan Rufty on July 8th, 2020 6:11 PM

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