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A question I receive all the time, especially from new agents, is what type of loan programs are out there for veterans?
Having just spent July 4th thinking about all of our veterans and current members of the military, I thought that this would be a great time to answer that question. To help, I brought in Jeff Miller from Sunmark FCU to explain the benefits of a VA loan and how to qualify for it.
To be eligible for a VA loan, you just need to be honorably discharged from the military and have a DD-214 form. The main benefit to a VA loan is that it offers 100% financing, so there is no down payment required and there is no private mortgage insurance involved. You can even roll in the closing costs with seller’s concessions. If you’re a veteran, all you have to do is find out if the lender you’re working with offers VA loans. Most federal credit unions (including Sunmark) will.
If you’re looking to buy or sell a house here in the Capital District, or want to take advantage of a VA loan, please give me a call or visit my website.
To contact Jeff, be sure to visit https://www.sunmarkfcu.org/.
