Eligible Veterans have earned the well deserved opportunity to purchase a personal residence with 100% financing with a VA Home Loan. Over the years our Veteran’s have and continue to protected the rights of home-ownership and the “American Dream”!
Combined with the a special extension of the First Time Home Buyer Tax Credit, Veterans have an excellent opportunity!
Most Veterans believe that applying for a VA Home Loan is a tedious process with “lots of red tape!” and are dissuaded from using the benefit. This is not the case. The application process is not much different from conventional financing. The only additional item needed is a Certificate of Eligibility which can be easily obtained with a copy of your Certificate of Release or Discharge papers commonly know as DD Form 214. Most lenders will assist the Veteran in obtaining a Certificate of Eligibility. If the lender is approved for VA processing the buyer’s loan can be approved without waiting for VA.
Some of the advantages of a VA loan are there is no private mortgage insurance required even with 100% financing. VA loans have no pre-payment penalty and the VA funding fee which is based on down payment can be financed into the loan amount. The appraisal is be done by a VA approved appraiser who determines The “ Reasonable Value” for the property the Veteran wishes to purchase.
At Preferred Realty Executives, we educate our seller’s in the benefits of looking for VA purchasers especially if the home is in good repair and falls within the maximum mortgage amount of $417,000. Some of the homeowners may even be willing to help out with some closings cost too!
Veterans may call our affiliate company Treasure Coast Mortgage 772-344-0306 for a no cost no obligation consultation to determine eligibility and a pre-qualification of the amount of mortgage that you may qualify for! Treasure Coast Mortgage will assist the Veteran to obtain their Certificate of Eligibility. Veterans are also welcome to call Preferred Realty Executives at 772-237-8098 or stop by our offices located at 526 SW Port St Lucie Blvd, just two blocks west of the turnpike between Cameo and Del Rio.
