Why is a VA Loan a better choice than a conventional loan?
VA loans have many benefits not offered by conventional loans, especially for first-time homebuyers with little or no money for a down payment. VA home loans do not have private mortgage insurance like conventional loans. Additionally, VA loans usually have lower rates than conventional loans and are not subject to the closing costs associated with conventional loans. This is because there are certain fees that borrowers cannot be charged. With a VA home loan there is also the ability to refinance to a lower rate without having to re-qualify for the loan, a process known as a VA Streamline Refinance or IRRRL. Getting started on your VA loan is easy; simply contact a VA Loan Specialist now!
VA Loans have many benefits not offered by conventional loans, especially for first-time homebuyers with little or no money for a down payment. Unlike conventional loans, VA Home Loans do not have private mortgage insurance requirements. Additionally, VA Loans usually have lower rates than conventional loans and are not subject to the closing costs associated with conventional loans. This is because there are certain fees that borrowers cannot be charged. VA Home Loans also give you the ability to refinance to a lower rate without having to re-qualify for the loan, a process known as a VA Streamline Refinance, or IRRRL. Getting started on your VA Loan is easy; simply contact a VA Loan Specialist now!
