Let’s Talk About VA Loans

Published On: November 4, 2017|Categories: Charlotte lifestyle real estate blog|Tags: Financing, VA Loan|

A VA loan is one of the best lending options for many people – but the catch is that you must be an honorably discharged veteran of the U.S. Armed Forces (any branch or any component), be currently serving, or be a qualified dependent to take advantage of them.

Benefits of VA Loans

For most people, the biggest benefit of a VA loan is that you don’t have to come up with a down payment to buy a home. You can finance 100 percent of your home purchase with this type of financing.

Other benefits include:

Less stringent underwriting requirements that enable more people to qualify for mortgage loans
No private mortgage insurance requirements, even if you don’t have a down payment
Competitive interest rates
No prepayment penalties
Sellers can pay closing costs
Higher debt-to-income ratio allowances than most other loans offer
Refinancing that doesn’t require additional underwriting

What a VA Loan is Good For

You can buy a new home, have a home built, or an existing home with your VA loan. You can use it to purchase and rehab a home, buy a condo, or buy a farm. You can also buy a manufactured home or a modular home. You just can’t use it to buy an investment property.

Are You Buying a Home in Charlotte With a VA Loan?

Charlotte is a fantastic place to live, and we’d love to have you join us.

If you’re moving to Charlotte, we can help you find the perfect home. Give us a call at 704-608-2794 or get in touch with us onlineto let us know what you’re looking for. We’ll help you find it!

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Are You Looking for a New Home in the Charlotte Area?

We can help you find the perfect home, no matter what you’re looking for. Our dedicated real estate team can keep an eye out for homes featuring things not usually listed in data bases and keep you informed, if you contact us and let us know what to look out for. Give us a call at 704-608-2794 or get in touch with us online to let us know what you’re looking for. We’ll help you find it!

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