Are you a Veteran? Learn the Benefits of a VA Home Loan

Are You a Veteran? Learn the Benefits of a VA Home Loan

From VA's website: VA-guaranteed loans are available for homes for your occupancy. To be eligible, you must have satisfactory credit, sufficient income to meet the expected monthly obligations, and a valid Certificate of Eligibility (COE).

These are the top benefits of a VA Home Loan:

• It's 100% financing. That means no down payment. 
• You can use it to buy or refinance a home. You can even use it to refinance and get cash-out of your home.
• There is no monthly MI. 
• If you have used your benefit once, it doesn't go away. You can use it multiple times. It's a life-time benefit.
• There is no prepayment penalty. 
• The interest rates are lower than conventional rates and the VA limits the fees that can be charged to a Veteran.
• The credit requirements are more relaxed than other loan programs. VA only has a 24 month waiting period from bankruptcy or foreclosure.

If you are interested in a VA purchase or refinance home loan, please complete the form on this page and we will walk you step by step through the process. We even have access to pull a COE from the VA Loan Portal if you don't have it on hand. We have helped so many Veterans in Louisiana purchase or refinance homes and we would love to help you! Please share this page with anyone that may benefit. If you have questions that you would like to discuss, please call Erica Whiddon with First Choice Mortgage, LLC at 225-664-9895.

* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.