10 Benefits of a VA Loan

10 Benefits of a VA Loan

Equal opportunity for all qualified veterans.

No down payment (unless required by the lender or the purchase price is more than the reasonable value of the property).

Buyer informed of reasonable value.

Negotiable interest rate.

Ability to finance the VA funding fee (plus reduced funding fees with a down payment of at least 5% and exemption for veterans receiving VA compensation).

Closing costs are comparable with other financing types (and may be lower).

No mortgage insurance premiums.

An assumable mortgage.

Right to prepay without penalty.

VA assistance to veteran borrowers in default due to temporary financial difficulty.

 

Nice To Know: Specially Adapted Housing Program

Veterans that have specific service connected disabilities may be entitled to a grant from the Department of Veterans Affairs (VA) for the purpose of constructing an adapted dwelling or modifying an existing one to meet the veteran's needs. The goal of the Specially Adapted Housing (SAH) Program is to provide a barrier-free living environment which affords veterans a level of independent living he or she may not normally enjoy. For more information on these and other VA Affairs services, log onto www.va.gov.

Nakisha Brisco, Realtor

 Abek Real Estate 820 Oak Harbor Blvd. Slidell, La 70458, 504.717.7408 cell, 985.646.2111 office, 985.646.2772 fax, e-mail: arealtorworking4u@yahoo.com

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