SlideShare a Scribd company logo
1 of 9
Download to read offline
Home Loan Options for Veterans 
Loans created with Veterans in mind and what you should know before applying
There are several types of home loans that are best suited for Veterans. 
β€’ 
Refinance Loans 
β€’ 
Refinancing can help you lower your interest rate. 
β€’Fixed Rate Loans 
β€’Fixed rates allow you to budget for a predictable loan payment each month.
VA Home Loan Statistics 
http://www.newamericanfunding.com/blog/post/2011/11/09/VETERANS-DAY-INFOGRAPHIC-e28093- VA-HOME-LOANS.aspx
VA Home Loan Statistics 
http://www.newamericanfunding.com/blog/post/2011/11/09/VETERANS-DAY-INFOGRAPHIC-e28093- VA-HOME-LOANS.aspx
Interest Rate Reduction Refinance Loan 
The VA IRRRL is built to help you refinance an existing loan into a lower interest-rate loan. 
β€’This process is simplified for veterans. You avoid the hassle of submitting bank statements, W2s and paychecks when applying for IRRRL. 
β€’Veterans can benefit from lower interest rates that aren’t available to the general public. 
β€’You are guaranteed a lower interest rate than the one you currently hold unless you are switching from an Adjustable Rate Mortgage to a Fixed Rate Mortgage.
Fixed Rate VA Home Loan 
Refinance to a Fixed Rate VA Home Loan for consistency. 
β€’Fixed Rate Loans require consistent loan payments that you can expect each month. 
β€’A variety of Fixed-Rate VA Home Loan packages exist so you can find the one that is right for you and will bring you a lower interest rate.
VA Home Loan Application Steps 
1. 
Apply for a Certificate of Eligibility. 
2. 
Work with a mortgage specialist to determine what loan is right for you. 
3. 
New American funding will then order an appraisal from a VA assigned appraiser. With us, you don’t have to worry about doing this step yourself. 
4. 
The loan is approved and closed by New American Funding. NAF is authorized to approve and close VA loans without waiting on the VA’S review of the credit application.
VA Loan Requirements 
1. 
Who is eligible? 
β€’ 
Veterans 
β€’ 
Active Duty Personnel 
β€’ 
Reservists/National Guard members 
β€’ 
Surviving spouses that do not remarry 
2. 
Obtain a Certificate of Eligibility 
β€’ 
This document is issued from the VA and verifies your eligibility to receive VA benefits 
β€’ 
New American Funding can submit a request for this document on your behalf. 
3. 
To qualify for refinancing you must be a current holder of a VA mortgage and have already used your VA eligibility on the property you intend to refinance.
Basic Allowance for Housing 
Basic Allowance for Housing is a benefit available to any permanent duty military personnel within the 50 United states. 
β€’ 
BAH is determined by your pay grade, location and whether or not you have dependents. 
β€’ 
BAH is typically used to pay rent, however it can be used to pay your mortgage. 
β€’ 
Your BAH benefits can put you at an income level needed to qualify for and support a VA home loan.

More Related Content

Recently uploaded

VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
Β 
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
dipikadinghjn ( Why You Choose Us? ) Escorts
Β 

Recently uploaded (20)

(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
(INDIRA) Call Girl Srinagar Call Now 8617697112 Srinagar Escorts 24x7
Β 
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
VIP Call Girl in Mumbai Central πŸ’§ 9920725232 ( Call Me ) Get A New Crush Ever...
Β 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade  6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Β 
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚑ 9920725232 What It Takes To Be The Best ...
Β 
7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options7 tips trading Deriv Accumulator Options
7 tips trading Deriv Accumulator Options
Β 
W.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdfW.D. Gann Theory Complete Information.pdf
W.D. Gann Theory Complete Information.pdf
Β 
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Navi Mumbai Cooperetive Housewife Call Girls-9833754194-Natural Panvel Enjoye...
Β 
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbaiVasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Vasai-Virar Fantastic Call Girls-9833754194-Call Girls MUmbai
Β 
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...Booking open Available Pune Call Girls Wadgaon Sheri  6297143586 Call Hot Ind...
Booking open Available Pune Call Girls Wadgaon Sheri 6297143586 Call Hot Ind...
Β 
Top Rated Pune Call Girls Shikrapur ⟟ 6297143586 ⟟ Call Me For Genuine Sex S...
Top Rated  Pune Call Girls Shikrapur ⟟ 6297143586 ⟟ Call Me For Genuine Sex S...Top Rated  Pune Call Girls Shikrapur ⟟ 6297143586 ⟟ Call Me For Genuine Sex S...
Top Rated Pune Call Girls Shikrapur ⟟ 6297143586 ⟟ Call Me For Genuine Sex S...
Β 
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Taloja 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
Β 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
Β 
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Kopar Khairane Russian Call Girls Number-9833754194-Navi Mumbai Fantastic Unl...
Β 
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated  Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...Top Rated  Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Top Rated Pune Call Girls Dighi ⟟ 6297143586 ⟟ Call Me For Genuine Sex Servi...
Β 
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
(INDIRA) Call Girl Mumbai Call Now 8250077686 Mumbai Escorts 24x7
Β 
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
VIP Independent Call Girls in Mira Bhayandar 🌹 9920725232 ( Call Me ) Mumbai ...
Β 
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Call Girls in New Ashok Nagar, (delhi) call me [9953056974] escort service 24X7
Β 
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
VIP Call Girl in Mira Road πŸ’§ 9920725232 ( Call Me ) Get A New Crush Everyday ...
Β 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
Β 
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
VIP Independent Call Girls in Mumbai 🌹 9920725232 ( Call Me ) Mumbai Escorts ...
Β 

Featured

How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
Β 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
Β 

Featured (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
Β 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
Β 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
Β 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
Β 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
Β 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
Β 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
Β 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
Β 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
Β 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Β 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
Β 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
Β 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
Β 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
Β 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Β 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
Β 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
Β 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
Β 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
Β 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Β 

Home Loan Options for Veterans and Soldiers | New American Funding

  • 1. Home Loan Options for Veterans Loans created with Veterans in mind and what you should know before applying
  • 2. There are several types of home loans that are best suited for Veterans. β€’ Refinance Loans β€’ Refinancing can help you lower your interest rate. β€’Fixed Rate Loans β€’Fixed rates allow you to budget for a predictable loan payment each month.
  • 3. VA Home Loan Statistics http://www.newamericanfunding.com/blog/post/2011/11/09/VETERANS-DAY-INFOGRAPHIC-e28093- VA-HOME-LOANS.aspx
  • 4. VA Home Loan Statistics http://www.newamericanfunding.com/blog/post/2011/11/09/VETERANS-DAY-INFOGRAPHIC-e28093- VA-HOME-LOANS.aspx
  • 5. Interest Rate Reduction Refinance Loan The VA IRRRL is built to help you refinance an existing loan into a lower interest-rate loan. β€’This process is simplified for veterans. You avoid the hassle of submitting bank statements, W2s and paychecks when applying for IRRRL. β€’Veterans can benefit from lower interest rates that aren’t available to the general public. β€’You are guaranteed a lower interest rate than the one you currently hold unless you are switching from an Adjustable Rate Mortgage to a Fixed Rate Mortgage.
  • 6. Fixed Rate VA Home Loan Refinance to a Fixed Rate VA Home Loan for consistency. β€’Fixed Rate Loans require consistent loan payments that you can expect each month. β€’A variety of Fixed-Rate VA Home Loan packages exist so you can find the one that is right for you and will bring you a lower interest rate.
  • 7. VA Home Loan Application Steps 1. Apply for a Certificate of Eligibility. 2. Work with a mortgage specialist to determine what loan is right for you. 3. New American funding will then order an appraisal from a VA assigned appraiser. With us, you don’t have to worry about doing this step yourself. 4. The loan is approved and closed by New American Funding. NAF is authorized to approve and close VA loans without waiting on the VA’S review of the credit application.
  • 8. VA Loan Requirements 1. Who is eligible? β€’ Veterans β€’ Active Duty Personnel β€’ Reservists/National Guard members β€’ Surviving spouses that do not remarry 2. Obtain a Certificate of Eligibility β€’ This document is issued from the VA and verifies your eligibility to receive VA benefits β€’ New American Funding can submit a request for this document on your behalf. 3. To qualify for refinancing you must be a current holder of a VA mortgage and have already used your VA eligibility on the property you intend to refinance.
  • 9. Basic Allowance for Housing Basic Allowance for Housing is a benefit available to any permanent duty military personnel within the 50 United states. β€’ BAH is determined by your pay grade, location and whether or not you have dependents. β€’ BAH is typically used to pay rent, however it can be used to pay your mortgage. β€’ Your BAH benefits can put you at an income level needed to qualify for and support a VA home loan.