The number of service members returning to civilian life continues to increase and it is important to be aware of the numerous programs and benefits available to our armed forces. The U.S. Department of Veterans Affairs has a loan program to help service members and veterans become homeowners. Military service members are eligible for the numerous housing benefits provided by the VA loan program. Through the program, veterans, surviving spouses, and active-duty service members can obtain home loans with no down payment and no private mortgage insurance. These loans can be used to purchase a single-family or multifamily property, build a house, make repairs, refinance and even make adaptations for special access. Eligibility for specific home loan benefits is often determined by the length of service, service commitment, and duty status. An experienced mortgage lender can help you find the right loan.
Lisa Hostetler is a VA Accredited Attorney. If you are looking for a lender to help you find the right loan, click here, complete the contact form and we'll put you in touch with a lender who can help you.