Your Lake of the Ozarks Mortgage Lender

Wednesday, November 8, 2023

VA Home Loan Advantages

If you are a military veteran, you proudly served us, and now it is our turn to serve you! Team Lasson has always supported our veterans, and we appreciate the opportunity to assist you in obtaining a new home. Michael has taken the initiative and time to complete the training to become a Certified Military Home Specialist with the Boots Across America program to ensure that we offer the highest quality of service to our Veterans and active military personnel.

Veterans Affairs loans (VA) are issued by private lenders and guaranteed by the United States Department of Veterans Affairs. VA loans are a no-down payment mortgage option with low interest rates for active or retired veterans to purchase a primary residence or refinance an existing mortgage. There are different regulations and standards the home must meet to be processed and approved through the VA appraisal and underwriting process compared to conventional loans. So, be sure that the type of home you're looking to buy fits within these standards by speaking to your lender upfront about your plans.

VA Loans are designed to assist veterans and active military service members purchase new primary residences at an affordable cost. The most significant advantages for this program are:

✔ Lower interest rates

✔ Lower closing costs

✔ Higher debt ratios allowed

✔ No private mortgage insurance

✔ 100% financing available

✔ No VA Funding Fee, if applicable

✔ No pre-payment penalty

Who is eligible? Active-duty servicemembers and Veterans with honorable discharges, National Guard and Reserve service members, certain eligible spouses, and other uniformed service personnel.

We are able to assist with lending in all 50 states, which makes it easier for you when searching for your new primary home while also using your VA benefits.

Team Lasson is here for all of your home buying needs! If you're thinking about making the leap into home ownership in the near future, please contact us today to get started. We can help you determine what loan programs works best for your financial goals. The first step in preparing for your big purchase is to get pre-approved for a mortgage at Lake of the Ozarks. To get started, visit www.yourlakeloan.com or give us a call at (573) 746-7211!