There are several benefits to securing a VA loan that may have affect your decision.
- No mortgage insurance! This can be a big savings on your monthly mortgage payment, and I think we all love saving money!
- No money down It depends on the size of the loan you need, but many times a vet can purchase a home without a down payment!
- Borrow 100% of the home’s value. Providing you qualify, you can borrow 100% of the appraised price of the property, even if you’re paying less for the property.
These are a just a few benefits of using your VA loan, there are many more.
To find out more about buying or selling a home, contact us here at Allyn & Associates!