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

8975 Lawrence Welk Drive Unit #298, Escondido CA 92026

$309,990

8975 Lawrence Welk Drive Unit #298, Escondido

One of the best lots in the village! Large beautiful trees and a private back yard make this very special. Oversized deck at entry create a Wow factor as you lead your...

  • Beds 2
  • Baths 2.0
  • MLS 140057040
  • Bldg. Champagne Village

4014 Lake Circle Rd, Fallbrook CA 92028

$449,500

4014 Lake Circle Rd, Fallbrook

Great Home! One of the most popular floor plans in the neighborhood. Bright open floor plan, 4 bedrooms and loft located upstairs along w/laundry room for convenience. ...

  • Beds 4
  • Baths 3.0
  • MLS 140057036

402 Wintergreen Place, San Marcos CA 92069

$525,000

402 Wintergreen Place, San Marcos

NO HOA/MELLO! End of Cul-de-sac.Plenty parking.Light and bright as you enter to vaulted ceilings in the living room.1bedroom downstairs!Double pain Windows.Hardwood and I...

  • Beds 4
  • Baths 3.0
  • MLS 140057033

11112 Portobelo Dr, Tierrasanta CA 92124

$459,000

11112 Portobelo Dr, Tierrasanta

Sparkling and Spacious 3/2.5 with dual pane windows, bamboo and tile flooring+carpet upstairs! Roomy and upgraded kitchen has lush granite cntrs, added breadfast bar PLUS...

  • Beds 3
  • Baths 3.0
  • MLS 140057025
  • Bldg. Y

7930 Cinnabar Drive, La Mesa CA 91941

$559,000

7930 Cinnabar Drive, La Mesa

Fantastic westerly views from this clean and comfortable mid century ranch which sits high atop a corner lot. Living room sunsets are especially enjoyable. Very open floo...

  • Beds 3
  • Baths 2.0
  • MLS 140057022

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 © 2014 Sandicor®, Inc.

Free Daily Email Updates

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