Happy Memorial Day! Lets talk V.A. Loans

Posted by Teresa M. Nelle RS-60797 on Saturday, May 27th, 2017 at 12:14pm


Memorial weekend…the unofficial start of summer. BBQ’s, picnics and family gatherings. During this weekend, be sure to take a moment to remember a Veteran who served to protect us and the great country.

Rates are down a touch this week as the 10-year treasury yields eased. Since it is Memorial Day, I wanted to remind you the benefits of a VA Loan.

  1. No money down
  2. Lender or seller credit for costs so Veteran brings in zero dollars to close
  3. Unlimited loan amounts. Did you know that? We just funded a $2 million VA loan.
  4. Higher qualifying ratios allowed.
  5. Detached condos don’t need to be approved by VA like regular condo projects
  6. A Veteran with a disability of 10% or more will not have a funding fee.
  7. A Veteran can you their VA loan benefit more than once.
  8. A surviving spouse may utilize the VA loan benefit.

Rates on VA loans are usually lower than conventional loans. Today’s conforming 30 year fixed VA loan is around 3.75% with no points and a credit toward costs to keep fees down.

It is my honor to help Veterans get home loans. I have contacts with Mortgage Reps that are "Certified Military Housing Specialists. They will guide you through a VA transaction. Treat it like a regular transaction and I will take care of the details.

George S Patton said “It is foolish and wrong to mourn the men and women who died. Rather, we should thank God that such people lived.”

Have a blessed weekend and let us know if we can help in any way.

NOTE: This information is from Dean Rathbun - www.AvisMortgage.com

For more information, contact me, Teresa Nelle R(S) at 808 283-4922 or Teresa@IslandSotheby'sRealty.com for all your real estate needs.

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