Far and away, the most significant benefit of a VA loan
is the borrower's ability to purchase with no money down.
Apart from the government's UDSA's Rural Development home
loan and Fannie Mae's Home Path, it's all but impossible
to find a lending option today that provides borrowers
with 100 percent financing.
VA loans also come with less stringent underwriting standards
and requirements than conventional loans. In fact, about 80
percent of VA borrowers could not have qualified for a
conventional loan. These loans also come with no private
mortgage insurance (PMI), a monthly expense that conventional
borrowers are required to pay unless they put down at least
20 percent of the loan amount.
Down payment as low as 0%.
Competitive interest rates that are routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than for many other loans
Streamlined refinancing loans that require no additional underwriting
"Once again, Thank you so much for your sage advice. I really appreciate being able to ask all of my questions to you. So glad to have you on my side. Thanks so much."
"Hello Harry, It has truly been a pleasure to work with you on this purchase transaction. Your time and effort is greatly appreciated and I look forward to many more transactions in years to come. Again many thanks."
'Just a note to say thank you for all that you did for me to secure a new loan. You were expedient, efficient, and patient. I hope 2013 brings you and yours the very best ever. Very nice doing business with you."
"Amazing job Harry, I still can't believe you were able to get it all done. I truly appreciate your hard work and dedication to getting these loans done. Most people I dealt with in the past would have thrown in the towel. Thank you so much for everything you did."
"Harry, Thanks so much for seeing the refi through. Looks like everything went through despite the long road to get there. I greatly appreciate your help with this and will be sure to refer! Take care!"
"Thank you Harry for all your help. I have two friends that I am referring to you that are interested in refinancing and financial planning."