Why Should You Choose VA?
At Flat Branch Home Loans, we strive to provide homes for
those who have sacrificed everything so we can live peacefully. If you’re an
active, discharged or medically discharged veteran, and have ever thought to yourself: “I’d like to use my benefits for a home loan,” we have a great, in-house
opportunity as a thank you for your service:
Designed to promote homeownership, the U.S. Department of
Veteran Affairs (VA) loan is made by lenders and guaranteed for eligible
veterans to purchase their dream home.
Despite its broad resources, only 10% of the 25 million
veterans have taken advantage of this benefit. This loan is meant to honor our
heroes, and we want to make sure every eligible veteran and active member know
how this loan works and when it works best, so they can live the life they
deserve.
What Is It?
The U.S. Department of Veterans Affairs wants to help
service members, veterans, and surviving spouses become homeowners. VA provides
a home loan guarantee benefit and other housing-related programs to help you
build, repair and retain your dream home. And with less stringent rules, 80% of
VA borrowers who otherwise could not be covered by conventional loans were able
to purchase their home.
This gift has built-in protections for those who’ve
protected us, which leads to more competitive rates and terms for our nation’s
heroes.
What Makes It So Great?
No Down Payment / 100% Financing
It’s nearly impossible to find a loan product that gives the
borrower full financing. This is the most significant benefit of the VA as it
gives the borrower the power to purchase a home with no money down.
No Monthly Mortgage Insurance
No private mortgage insurance (PMI) means monthly payments
are more affordable.
Not Limited to First-Time Home Buyers
A VA loan can be used to finance your entire purchase or
refinance. This hard-working loan can even help repair and improve your home,
too, with energy-saving features such as solar heating, water heaters,
insulation, storm windows, and other efficiency
improvement loans approved by both the lender and the VA.
And there’s even more:
- No
prepayment penalties
- Counseling
and assistance in the event of financial difficulty
- Lower
credit score requirement
- Higher
allowable debt-to-income ratios than most other loans
- Potential
for two VA loans at the same time
But Do I Qualify?
Both veterans and active-duty service members may qualify.
But fitting into just one or more of these categories
will be enough:
- Military
members who have served 181 days on active duty or three months during war
time
- People
who have spent at least a half-dozen years in the National Guard or
Reserves
- Spouses
of fallen heroes
We work hard to ensure that we are able to give back to as many of our heroes as possible, so their dream
home is achievable and within reach. Even if you think you’re not qualified for
an VA loan, contact Michael Lasson or Michelle Lasson, with Team Lasson, at Flat Branch Home Loans (who are VA-approved) to find out for
sure.
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 program 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. Please visit www.yourlakeloan.com or
give us a call at (573) 216-7258 to get started.
Michael Lasson
Senior Mortgage Banker
NMLS #: 493712
Flat Branch Home Loans – Team Lasson
2882 Bagnell Dam Blvd
Lake Ozark, MO 65049
Cell: (573) 216-7258
Email: teamlasson@fbhl.com
Website: www.yourlakeloan.com
**The postings on this site are my own
and do not necessarily represent Flat Branch Home Loans positions, strategies,
or opinions.
Flat Branch Home Loans
NMLS 224149. A Division of Flat Branch Mortgage Inc. For more licensing
information, visit NMLSConsumerAccess.org
