Benefits Of VA Home Loans In Albuquerque
have you ever wondered what are the benefits of a [URL="https://myersandmyersrealestate.com/va-home-loans-zero-down-albuquerque/"]VA home loan in Albuquerque[/URL]?
The benefits of obtaining a VA Home Loans Albuquerque Zero Down:
Less Cash Needed – Up to 100% financing.
Asset Preserving – Many transactions require zero down payment.
Seller Contributions – Allows sellers to contribute up to 4% in addition to closing costs and discount points.
Lower Interest Rates – Typically lower interest rates compared to standard, conventional financing. Down Payment Assistance Programs available for qualified borrowers.
Lower Credit Score – you may qualify for VA home loans Albuquerque with a lower credit score compared to a FHA or Conventional loan.
No Mortgage Insurance – most mortgages will require mortgage insurance if you don’t make a 20% down payment. Mortgage insurance is a benefit to the lender not the borrow, however the borrower pays for the insurance
No Cash Reserves – Not required unless relying on rental income from anything other than the subject property.
Shorter Waiting period to qualify since bankruptcy or foreclosure
The benefits of obtaining a VA Home Loans Albuquerque Zero Down:
Less Cash Needed – Up to 100% financing.
Asset Preserving – Many transactions require zero down payment.
Seller Contributions – Allows sellers to contribute up to 4% in addition to closing costs and discount points.
Lower Interest Rates – Typically lower interest rates compared to standard, conventional financing. Down Payment Assistance Programs available for qualified borrowers.
Lower Credit Score – you may qualify for VA home loans Albuquerque with a lower credit score compared to a FHA or Conventional loan.
No Mortgage Insurance – most mortgages will require mortgage insurance if you don’t make a 20% down payment. Mortgage insurance is a benefit to the lender not the borrow, however the borrower pays for the insurance
No Cash Reserves – Not required unless relying on rental income from anything other than the subject property.
Shorter Waiting period to qualify since bankruptcy or foreclosure
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Here is more about VA Loans.
https://mortgagelenderpeoria.com/pro...oan-peoria-az/Posted 10-29-2017 at 10:51 AM by arunanithi
