if your disability is a result of your service, then you will get a discount or even a full up waiver of the VA funding fee. its based on your percentage of disability, 100% disabled, 100% waiver, 70% disabled, 70% discount on VA funding fee, etc.. Also, some states will offer either a discount or waiver of property taxes. It's also based on your percentage of disability and whether it's military related or not, and if your disability was incurred during war time, etc... If you contact a local mortgage broker, he should be familiar with the local programs regarding exemptions.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Yes, there are additional benefits for disabled veterans. Contact the person above who is licensed for your state.
Yes, as a disabled veteran you will receive additional benefits with your VA loan.
The main discount you get is that as a disable vet you do pay the VA Funding Fee which is basically mortgage insurance. This could save your thousands on your loan depending on your loan amount. Contact a Lender 411 mortgage professional in your area. I know they can help you and discuss other benefits. Thank you for your service.
Yes... On a VA loan, there is something known as the VA Funding Fee. If you are more than 10% disabled, you do not have to pay this fee, which could save you thousands on your already awesome VA home loan. www.VA-IRRRL-Loan-MN.com
Dependent on the percentage of your disability you can get the VA funding Fee waived which if i it is the subsequent use can be quite a substancial savings.
Depending on their level of disability, the Vet's get a waiver of the funding fee, and they may also get waivers on property taxes depending on their state of residence.
As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.
As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.
The one benefit could be that your debt ratio may be improved, if you have non-taxable disability income.
As others have stated the only real discount is the fact that one does not need to pay a funding fee (which ranges from around 2-3%).One of the other benefits of all VA loans is that there is NO required down payment (unless you exceed the county valuation that is seteach year for maximum purchase level. Contact a local, licensed mortgage officer for more details on your specific situation.
The only discount is you don't have to pay the VA funding fee. There are however discounts on property taxes as well but only after you have bought your home. I am also part of the Homes for Heroes program which gives you discounts as a veteran. Call us or email us at 201-962-3555 or Team@BestMortgageOption.com for ano cost no obligation analysis of your situation ask for Michelle or Benny. We will find the Best Mortgage Option to suit your needs! Check us out at www.BestMortgageOption.comAsk us about the awesome discounts we offer heroes as a Homes for Heroes affiliate!
1. One discount is you don't have to pay the VA funding fee. 2. If you are a Disabled Combat Vet, you do not pay Property Taxes
If you are 62 years or older let's take a look at a reverse mortgage. We can eliminate that monthly mortgage payment for as long as you live in your home.Jackie Stults 800-486-8786 Ext. 702
if your disability is a result of your service, then you will get a discount or even a full up waiver of the VA funding fee. its based on your percentage of disability, 100% disabled, 100% waiver, 70% disabled, 70% discount on VA funding fee, etc.. Also, some states will offer either a discount or waiver of property taxes. It's also based on your percentage of disability and whether it's military related or not, and if your disability was incurred during war time, etc... If you contact a local mortgage broker, he should be familiar with the local programs regarding exemptions.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
If you have 10% or more disability your VA funding fee is waived. You don't have to pay mortgage insurance. You may qualify to not have to pay property taxes, but you can't apply for this with your state until after closing. The VA loan is one of the best loans available. Best wishes and good luck,Sean
William hit the nail on the head again. I couldn't have said it better my self without repeating it.
Only with the VA guaranteed home loan program.
Disabled Veterans are entitled to be exempt from the VA Funding Fee on VA loans.
hi:Yes as others below have commented there are additional benefits as being a disabled vet.....We do lend nationwide and have no bank guideline/overlays...We can assist in closing costs if needed...Please let us know how we may earn your business. Service is our commitment. Mike (703) 505 5300 NMLS 754875
Yes you do. With proof of VA disability the funding fee is waived. Likewise, some counties waive property taxes for disabled veterans. Check with a local Realtor for help if your local counties will do that.
Just did one, zero down payment, no VA fee, reduced closing costs, what more can you ask for?
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