Why should I use a VA loan to purchase a home?

NO Downpayment - 100% financing 

For loans up to $546,250. Loans greater than that will require a down payment equal to 25% of the difference between the purchase price and $546,250.

LOWER Interest Rates

Lenders face less risk on a VA loan since the loan is government backed and, in general, veterans usually have a lower default rate that traditional borrowers.Therefore, this typically results in rates that are 0.25% than other loans. 

Flexible Credit Standards

In general,  the minimum acceptable FICO score for a VA loan is 620, but each lender has the ability to set its own minimum and requirements for the borrower.

Pay off Existing Debt

Seller may credit buyer with up to 4% of purchase price to pay off existing debt!

NO Mortgage Insurance Premiums

All other loan programs in which a borrower puts less than 20% down will require private mortgage insurance(PMI) of some sort. This is not the case with the VA and makes it a huge benefit!

Use BAH to accumulate equity in a home and INCREASE net worth

Instead of using your BAH to rent a home and put the money directly into a landlord's pocket, why not purchase a home and keep it for yourself? For similar payments and limited out of pocket expenses, as a homeowner, you can accumulate equity in the home and benefit from the appreciation of the property over time. 

DOES NOT expire and IS resuable

Unlike other military benefits, it can be used over and over again. There is no time limit and no limit to the number of times the benefit can be used. 

 

 

Today's Featured Properties

property image

$605,000

15511 Calistoga Drive, Ramona

Hard To Find Custom Home Overlooking Golf Course With Spectacular Views Of Surrounding Mountains. 4 bed rooms all have direct access to bath room. Large deck surrounds ho...

  • Beds4
  • Baths4.0
  • MLS150004435

property image

$448,900

16614 Swartz Canyon Rd, Ramona

Pride of ownership in this remodeled home. Features include stacked stone fireplace, wood laminate and tile flooring, shutters. Island kitchen with solid surface counte...

  • Beds3
  • Baths3.0
  • MLS150004432

property image

$549,900

1452 Miss Elle Way, Alpine

MOTIVATED SELLERS!! GREAT FAMILY HOME NEAR ALL THAT ALPINE HAS TO OFFER! ENJOY YOUR PANORAMIC VIEWS FROM THE LIVING ROOM, FRONT YARD, BACK YARD AND MASTER BEDROOM. Dinin...

  • Beds4
  • Baths3.0
  • MLS150004425

property image

$579,000

6843 Briarwood Drive, Carlsbad

Seller will entertain offers between $519,000-$579,000. OCEANVIEWS- 3 bedroom/2.5 bath townhome. This property has a single car garage with direct patio access and an add...

  • Beds3
  • Baths3.0
  • MLS150004419
  • Bldg.Las Playas

property image

$184,900

3426 Palm Ave Unit #12, Otay Mesa

Wonderful Turn Key Condo, close to all in convenient South Bay (SD Zip Code)..steps away from grocery stores, Schools, parks & much more.... Remodeled from head to toes....

  • Beds2
  • Baths1.0
  • MLS150004418
  • Bldg.Montgomery Palisades

board logo

This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2015 Sandicor®, Inc.

Free Daily Email Updates

  • Automated home searches
  • Favorite properties
  • Email updates
  • And much more…