VA loans are available to many borrowers who are eligible military members, either past or present. The purchase of a home with no down payment necessary is probably the most favorable benefit sought, however, there are other important facts to learn about VA loans.

1. VA HOME LOANS http:
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2. Important Facts About VA Loans
VA loans are available to many borrowers
who are eligible military members, either
past or present. The purchase of a home
with no down payment necessary is
probably the most favorable benefit sought,
however, there are other important facts to
learn about VA loans.

3. Facts About Out of Pocket
Expenses
Borrowers are able to finance the VA
funding fee. Under certain circumstances,
the VA funding fee can be waived. If a down
payment is made by the borrower, the VA
funding fee can be reduced.

4. continued....
Seller concessions are
allowed with a VA loan.
These are paid by the seller
to help reduce the financial
burden of the borrower,
such as using seller
concessions to pay credit
debts of the borrower.
Seller paid closing costs are
also allowed. These are
separate from seller
concessions and can be
used to pay closing costs
that are not allowed by the
VA.

5. continued...
Closing costs are similar to
or even lower than those of
other mortgage programs.
With the assistance of a
knowledgeable VA lender,
borrowers can obtain 100%
financing.

6. Facts About Monthly Mortgage
Payments
VA mortgage rates are not
set by the VA. For this
reason, VA mortgage rates
can be different from lender
to lender and are very
competitive. Low VA
mortgage rates mean lower
monthly mortgage
payments.
VA loans do not require
monthly mortgage insurance
payments – a tremendous
savings for VA borrowers.

7. Facts About VA Appraisals
VA appraisals are more
detailed in order to protect
the borrower against
purchasing a home that is
not safe and sound for
occupancy. However, the
VA does not guarantee that
the home is free of defects.
When purchasing a home
with a VA loan, the borrower
is informed of the
reasonable value of the
property.

8. continued...
Homes that are inspected by a VA inspector
during construction will have a warranty from
the builder.

9. Facts About VA Refinance
Borrowers are able to refinance a VA loan with
the easy IRRRL – Interest Rate Reduction
Refinance Loan. This is a no-cash out VA
refinance.

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A VA refinance with cash-out
is also available for VA
homeowners.
Homeowners can refinance
from another mortgage
program to a VA refinance
as long as they are eligible
veterans.

11. Additional VA Loan Facts
VA loans allow the borrower
to prepay the mortgage with
no prepayment penalty.
VA loans are assumable
which is a benefit for both
the seller and the new
borrower.

12. continued...
Borrowers can purchase
second home with a VA loan
as long as they certify that
they have lived in the first
home.
VA loan entitlement can be
restored and used again
under certain
circumstances.

13. continued...
VA provides assistance to
borrowers with VA loans in
the event of a default due to
a temporary financial
situation.
VA loans can be obtained
by a VA lender on the
internet. An online VA
lender who specializes in
VA loans is able to provide
their extensive knowledge
and experience to a VA
borrower so that they
receive the best possible VA
financing terms.

14. How to Obtain a VA Loan
Homeownership is attainable for veterans through the VA
loan program and a reputable lender who can assist you
with your home purchase. In addition, a VA lender can also
help you obtain better financing with a VA loan refinance if
you are already a homeowner.

15. continued...
VA loans are offered by approved lenders who can provide
additional information. There is no need to physically visit a
VA lender for more information since nationwide VA
lenders are available online. A knowledgeable lender who
specializes in VA loans will be able to answer your
questions and provide you with the best competitive VA
loan available.

16. For More Information
Feel free at any time to contact Brian Thomas
with your questions, more information about
a VA loan or for a free no obligation quote.
VeteranHomeFinancing.com