VA Loans for Vets NMLS#184169 5050 North 40th Street, Ste 260 Phoenix, AZ 85018 602-908-5849 Jimmy Vercellino is one of the nation’s top VA Home Loan mortgage originators. A Marine veteran, he and his team work hard to help veterans take advantage of their VA loan benefit and become homeowners. From start to finish, they guide their clients through the process and make it as smooth and stress-free as possible. Visit the site at https://www.valoansforvets.com

1. Benefits of VA Loans
FOR SURVIVING SPOUSES

2. Losing someone that you love
is never easy.

3. This is especially true for surviving
spouses of service members who
chose to live an honorable life
by serving our country.

4. While the loss is difficult for families,
the U.S. government does provide
surviving spouses with benefits,
such as VA loans on a home,
that can help you to move forward
with your life.

5. You may be eligible for this
type of loan if you survived a spouse
that died during active service,
or later from a service-related injury.

6. You may also be eligible if you
survive a spouse that is classified
as being MIA or a POW.

7. Being eligible to buy a home
with this type of loan offers several
benefits that make it worth using
this opportunity.

8. Buy a Home With No Down Payment

9. Whether you are newly widowed,
or have been a surviving spouse for several
years, you may still have trouble coming up
with a down payment.

10. Trying to live on a single income tends
to make it hard to save for a home
purchase.

11. Lenders require down payments on homes,
to prove that you have the ability
to manage your finances, and can handle
the mortgage payments in the future.

12. With a VA home loan, lenders accept
your military survivorship status as proof
of responsibility.

13. This means that you can get the house
that you want even if you have not saved
up a large down payment.

14. Avoid Having to Pay Private Mortgage Insurance

15. In most cases, you must pay
private mortgage insurance (PMI)
if you do not put a 20% down
payment on a home.

16. With a VA guaranteed loan, you do
not have to make a down payment
or pay PMI.

17. Since PMI can potentially cost
hundreds of dollars a month,
the savings from this benefit makes
your mortgage payment more
affordable.

18. Take an Exemption From the VA Funding Fee

19. Most people must pay
a funding fee when they take out
a government-backed home loan
for service members.

20. This funding fee is meant to offset
the cost to taxpayers for providing
the backing for loans.

21. The amount varies, depending upon
the type of loan a person takes out,
and the branch of military in which
they serve.

22. As a surviving spouse, you get
an exemption from having to pay
this funding fee.

23. Since the funding fee rates average
around 2%, this can save you
a substantial amount of money.

24. Pre-Pay Your Mortgage Loan Without Penalties

25. Certain types of loans require you
to pay a penalty fee to the lender
if you pay the house off early.

26. Depending upon the arrangement,
this can be extremely costly during
a time when you want to sell you
home to buy a new one.

27. When you use this benefit,
you don’t have to worry about
prepayment penalties.

28. As the surviving spouse of a service
member, you are afforded certain
benefits from the government.

29. These benefits can help you buy
a house for yourself or to provide
shelter for your children.

30. Obtaining a VA loan is a relatively
simple process, but it does require
that you complete certain steps
to prove your eligibility.

31. The Highly Motivated Truly Dedicated
Vercellino Team can help you navigate
this process,

32. so you can begin to enjoy the benefits
such as being able to get a home
with no down payment.

33. Jimmy Vercellino is one of the
nation’s top VA Home Loan
mortgage originators.

34. A Marine veteran, he and his team
work hard to help veterans take
advantage of their VA loan benefit
and become homeowners.