VA Loans
Lynnwood mortgage loan officer David Haley salutes the men and women of our Armed Forces, and is proud to help them buy homes with a VA loan. If you are an active or veteran member of the US military or reserve forces, you may qualify for these valuable loan programs that are exclusively available to military veterans.
There are three general ways to qualify for VA loans. The first is active duty military service of at least 181 days, or three months during periods of war. The second is a minimum of six years spent in either the reserve forces or the National Guard. The third is to be the spouse of a military man or woman who was killed in the line of duty. There are a few exceptions to these qualifications, dishonorable discharges being chief among them. See your particular military office to learn more about qualifications for VA benefits.
If you qualify for a VA loan, there’s rarely any reason to look any further. These loans offer no money down financing, which is otherwise all but impossible to find for most people who don’t qualify for Fannie Mae or USDA programs. They also come with free private mortgage insurance, consistent monthly savings, easier underwriting standards, and no prepayment penalties. You would be hard pressed to find a better deal!
The unfortunate truth is that a surprising minority of eligible military and ex-military members fail to take advantage of VA loan benefits. Many are simply not aware of the program, or make the mistake of assuming that they don’t qualify. Therefore, if you believe that you or a military loved one is paying too much for a home loan, get in touch with David Haley. Don’t miss out on this opportunity.
