The VA loan program can make it much easier for veterans to secure a home loan by requiring little or no down payment. This home loan is available to veterans and guaranteed by the U.S. Veteran's Administration, and it frequently offers more flexible credit and qualifying criteria than ordinarily available. In addition, with a VA-guaranteed loan, there is no private mortgage insurance requirement.
The VA offers extra benefits for disabled veterans, so if you have been disabled in service, a military loan can save you even more money.
Use your Basic Allowance for Housing (BAH) for buying a home instead of paying rent and making someone else’s payment. With today's historically low rates, you may be able to own your own home for a smaller monthly payment than what you are currently paying in rent!
Also, at Primary Capital we offer our VA loan products to be used in combination with our popular FREE FLOAT DOWN and LOCK, SHOP & DROPSM programs.
Program Highlights:
* No required down payment
* No monthly Mortgage Insurance
* First time homeowners are allowed
* Credit scores as low as 620 accepted
* No reserves required after closing
* Seller can pay up to 4% closing costs and prepaid fees (move in without paying any money at all)