Your forever home

Even throughout all of the rigor and demanding assignments, there are some fantastic benefits that come with serving in the military. One of these excellent benefits is the VA home loan that service members earn while serving their country. There are some basic criteria that you have to meet to be eligible for this loan, but it is one of the best ways to buy a house as a service member or a veteran it is available. VA home loans are so appealing because they are guaranteed by the Department of Veterans Affairs, and unlike many conventional loan offer no down payments to eligible service members and their families.

Another perk to utilizing the VA home loan is that there is no requirement to use private mortgage insurance, and with the loan being backed by the government the interest rates are much better then traditional loans. The VA home loan has a much more lenient lending policy, ensuring that more service members and their families can qualify to be home owners. To qualify for a VA home loan you must have served at minimum 90 consecutive days on active duty.

If you received an other than honorable, dishonorable, or bad conduct discharge you may not be able to utilize your VA home loan. If you are the spouse of a fallen service member, you may be eligible for the VA home loan if you are the surviving spouse of a service member who was missing in action or a prisoner of war. The first step to ensuring you meet all the basic requirements to utilize your VA home loan, is to contact the VA and get your certificate of eligibility (COE), this is the first thing a lender will ask for when starting the process to use your loan on a home. Once you retrieve you COE, you are ready to go shopping, it is important to check on the VA website to see all of the benefits that may be available for you because if you are considered a disabled veteran there are certain fees that are waived during the home buying process. Learning all you can about the VA home loan and the process will get you one step closer to owning your forever home.

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