3 Little-Known Facts That Help Military Home Buyers
Posted by Florida Realty Marketplace on
Veterans Capitalize On Unique VA Loan Features
Home buyers often ask which type of loan is best for them.
FHA loans offer low downpayments, and the HomeReadyTM mortgage allows buyers to qualify based on income from all members of the household.
But for those who have served in the military, the best loan option is usually the VA home loan.
It is the only home loan that offers the unique combination of zero downpayment, no mortgage insurance, and rates that run more than a quarter percent lower than conventional rates.
Because the VA loan is unique, it incorporates features not found in any other loan type. These features are sometimes unfamiliar to home buyers, and that’s okay. Buyers don’t need to be experts on VA loans to enjoy…
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