If you're totally new to the world of mortgage and VA home loans, then this is the video for you! We break it down to the basics, including going over what VA loans are used for, what their best benefits are, and how to determine if you're qualified and eligible to receive one.
To give you a sneak peek, some of the advantages of VA loans are no down payment or mortgage insurance, lower interest rates, and easier financial requirements, such as a lower allowed credit score, for flexible debt-to-income ratio guidelines.
We know that all should sound pretty great. However, you have to be part of an exclusive club in order to get one. For starters, you'll need to have served in the military for the right length of time, and the home you want to buy will need to be your primary residence. There's more that goes into it, though, so make sure you watch the whole video!
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HIGHLIGHTS:
0:00 All about the VA home loan benefit
0:24 Why do we wear red on Fridays?
0:59 What is a VA home loan?
1:15 The four main types of home loans
2:30 Why you should choose the VA home loan
8:07 VA home loan eligibility requirements
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DISCLAIMER: Eric is not a licensed loan officer. All advice given is for informational purposes only. For more detailed information, please call in and ask to speak with a licensed mortgage loan originator. This video is not applicable to borrowers in the State of Washington.
This video is not intended for residents or homeowners in the states of NY or MA.