Who Qualifies for a VA Home Loan

Are you a Veteran or currently serving in the military? Are you ready to buy a new home? If you answered “yes” to both questions, a VA Home Loan may be the right home loan for you.

In 1944, the U.S. government created a military loan program to help service members purchase homes. The VA Home Loan is a mortgage issued by approved lenders and guaranteed by the Veterans Administration.  This program has helped more than 20 million veterans and their families get affordable home loans.   Our lender partner, Cunningham & Company located in Durham NC, offehouse-with-flagrs very competitive interest rates with amazing loan terms on VA loans.

To be eligible, veterans, active duty service members, National Guard members, and reservists must meet the requirements defined by the VA. Spouses of military members who died while on active duty or as a result of a disability related to their service may also be eligible.

VA home loans offer the following:  a 0% down payment, no funding fee or a low funding fee that can be financed, reduced closing costs, and no Private Mortgage Insurance (PMI).  You can finance your home for 15 or 30 years at a fixed or adjustable rate. If rates go down, VA borrowers can refinance through a streamlined process. In some cases, borrowers have the opportunity to refinance and cash out up to 100% of their home’s value.

Who To Contact About A VA Home Loan

If you are interested in finding out more about VA home loans and whether you qualify, we recommend that you contact Teresa Parker with Cunningham & Company  at (919) 697-2598 or [email protected]. (NMLS 453354, NMLS # 2024)

To see Real Estate Experts’ newest listings, click here, and feel free to give us a call anytime at 919-813-6449 or send us an email to  [email protected].

On behalf of Real Estate Experts, we thank you very much for your service to our country.