Benefits of VA Loan
For veterans in Lehi, UT, the wisest lending option available is the VA loan. In repayment for the service you or your spouse has given to our country, you can qualify for a special loan that's more flexible than issue loans. VA loans protect approved lenders and veterans alone. With these loans, VA has promised to repay a quarter of any loan if the borrower defaults on their home. With this line of defense, everyone gets a more competitive rate.
VA loans are perfect for young families because it allows the borrower to purchase a home with no money down. This is a rare opportunity, as only a select few home loan plans allow this lending option. With 100 percent financing available, why shouldn't you apply for a VA home loan today?
Conventional home loans come with strict underwriting and requirements that could harm veteran homeowners in the future. Without the VA home loan, only 20 percent of VA borrowers could qualify for a standard loan. With zero percent own, you won't even have to pay a PMI (private mortgage insurance). This expense is only usually waived unless the buyer puts down 20 percent or more of the loan amount.
Work Harding: Lehi's VA-Approved Lenders
Lehi's VA approved lenders Ryan Harding, Mortgage Banker @ Security Home Mortgage are prepared to walk you through the VA loan process. When you and your family are ready to take the next step and buy a home in Lehi or anywhere in Utah, turn to Work Harding. Some of the best reasons to apply for a VA home loan include:
Low as 0% down payment
Competitive interest rates, routinely lower than conventional rates
No prepayment penalties
Higher allowable debt-to-income ratios than other loans
Streamlined refinancing loans with no additional underwriting
Helps service members, veterans and eligible surviving spouses become homeowners
Call us today for a free consultation at 801-228-0937 or apply now to see if you qualify.