VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home. The guaranty means the lender is protected against loss if you fail to repay the loan. In most cases, no down payment is required on a VA guaranteed loan and the borrower usually receives a lower interest rate than is ordinarily available with other loans. Check to see if you Qualify.
Other benefits of a VA loan include:
Closing costs are comparable and sometimes lower - than other financing types and can be financed using seller concessions.
No monthly private mortgage insurance requirement.
Right to prepay loan without penalties
The Mortgage can be taken over (or assumed) by the buyer when a home is sold.
Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.
A Certificate of Eligibility from the VA must be presented to the lender to qualify for the loan. Gold Star Financial is approved by VA to offer VA secured mortgages. We can help obtain your certificate of eligibility and determine if you qualify for a VA loan. Click here to get the process started.
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