VA Loans - Are you throwing away free money?

US Veterans and individuals that are enlisted in the military qualify for a variety of benefits from the Department of Veterans Affairs.  VA home loans were established to provide financial assistance in purchasing your home. However, many of the almost 30 million Americans that qualify for this benefit either neglect to use it or do not take advantage of the benefits that can save you money.

Learn how you can take advantage of the benefits that you receive from a VA Loan such as no down payment, easier qualification requirements, and other things that can help you achieve your financial success.

New! The VA is now offering VA adjustable rate mortgages. You may qualify for a 3yr or 5 yr ARM. If you do NOT plan to stay in your home for a long time, the ARM may be best for you. The VA Adjustable Rate Mortgage is fantastic for anyone who does not plan on staying in their home for more than 5 years. It will help save you a great deal of money because the interest rates are generally much lower.

What Type Of Loan Are You Looking For? Please Select.... VA Home Loan VA Home Refinance Home Loan Home Refinance FHA Home Loan FHA Home Refinance What Is The Approximate Value Of Your Property? Please Select... under $50,000 $50,000$60,000$70,000$80,000$90,000$100,000$110,000$120,000$130,000$140,000$150,000$160,000$170,000$180,000$190,000$200,000$210,000$220,000$230,000$240,000$250,000$260,000$270,000$280,000$290,000$300,000$310,000$320,000$330,000$340,000$350,000$360,000$370,000$380,000$390,000$400,000 over $400,000

Do you know if you qualify for a VA Loan?

The following table shows what type of service (and for what duration) is required in order to be eligible for a VA Loan:

Wartime Service during:

• WWII - 09/16/40 to 07/25/47
• Korean - 06/27/50 to 01/31/55
• Vietnam - 08/05/64 to 05/07/75
• Persian Gulf - 8/2/90 to undetermined

You must have at least 90 days on active duty. Plus, you must have been discharged under other than dishonorable conditions. If you served less than the standard 90 days, you may be eligible if discharged for a service connected disability.

Peacetime Service during periods:

• 07/26/47 to 06/26/50
• 02/01/55 to 08/04/64
• 05/08/75 to 08/01/90

To qualify for a Veteran Loan, you must have served at least 181 days of continuous active duty. Plus, you must have been discharged under other than dishonorable conditions. If you served less than the standard 181 days, you may be eligible if discharged for a service connected disability. Go online for advice, or call us at 800-930-9201

Other questions about VA Loans:

If you are considering a VA Loan, remember that there are still a variety of different mortgages. A mortgage broker can be a useful tool to help find the most appropriate mortgage for your purchase. If you plan on living in your home for a long period of time, you may want to consider the traditional fixed-rate 15- or 30-year loan. Another option is to choose an adjustable rate mortgage and consider refinancing again in a few years. Short-term mortgages include balloon mortgages and one-year adjustable rate mortgages.

Get more VA eligibility information or get information about the VA loan limits for your home.

Call 800-930-9201 to get additional advice about a VA ARMs Today!