Exploring VA Loans
Blog posted On May 28, 2015
In appreciation for the service they provide our country defending our freedom, a VA Loan was created to help veterans secure home financing after or while serving in the armed forces. America’s veterans and active duty service people have the ability to qualify and apply for a special home mortgage loan.
In order for a lender to offer VA loans, the lender must be a U.S. Department of Veteran Affairs (VA) approved issuer. VA loans offer many perks for the borrower including:
· Federally guaranteed loan
· Ability to buy, built, repair, or improve a home
· No down payment needed in most cases
· Right to repay without penalty
The purpose of a VA loan is to give veterans the opportunity of becoming a homeowner with additional perks for his or her service. At CMG Financial, we proudly offer an extraordinary experience to service members supporting them and their financial needs. If you or someone you know is a veteran, be sure to take advantage of the VA loan when buying or improving your home. You deserve it!
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