Monday, March 4, 2013 - Article by: DarrenCopeland - Leader One Finanacial -
VA Loans for Fort Leavenworth
I'm a huge proponent of the VA loan, As a mortgage consultant, I work to get the word out about these loans as hard as I can. Veterans sacrifice a lot for the people of this country - and this is one of the many programs that can help us "give back" to them for their service to us and to our country.
If you're a veteranwho is looking for your own home for you and your family the VA Loan is incredible! If you're a Realtor reading this, when you're showing homes to a veteran and his/her family, make sure to tell them about this amazing benefit!
Here's a quick look at VA Loans:
The VA benefit allows a veteran to use a DD214 to purchase a home, and they can get 100% financing. Not very many loans offer this incentive and it's a loan that comes with no PMI (Premium Mortgage Insurance). If you're looking for a loan that requires no down payment this is the home loan for you (FHA requires a 3.5% down payment) but the VA Loan deosn't require a down payment! Now that is a huge benefit! Veterans must prove eligibility and you still must have a good credit score - if you don't have a good credit score we can help you with that!.
VA Loans and your credit score!
It is extremely important to remember, that the VA loan still requires you to maintain a good credit scores. You must have a 620 credit score and be honorably discharged from the military in order to use this financing. If your credit isn't so stellar don't let that stop you. At our office, we offer services like credit restoration, rapid re-score and can help you get educated on being "mortgage ready" that can all help raise your credit score.
If you're in the Leavenworth or Kansas City area and interested in knowing more about VA loans, and how they work, feel free to visit my website where I explain them in detail, http://midwestvaloans.com, or call me at (816) 268-4025.
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VA Loans for Fort Leavenworth
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