Benefits of VA Loans image
Guardian's Guide To... 3/12/2019 1:20:32 PM

Benefits of VA Loans

If you are an active duty, retired, or eligible surviving spouse of a military service member, your work for our country has earned you a huge benefit when it comes to home financing. If you remember nothing else from this article, please know that you should contact a Guardian Mortgage Loan Originator to see if you meet the guidelines for this special financing not available to the general public. It’s our honor to serve you with a program that provides such huge benefits, so let us walk you through it today.

Here are some highlights of what you can expect with Guardian Mortgage’s VA Loan Program.

No Down Payment Required

By far, the biggest advantage to a VA loan is that there is no required minimum down payment. The government realizes that military service members face personal and financial challenges that ordinary civilians don’t undertake. Therefore, the guidelines allow for 0% down on the purchase of a home. This does not mean that the loan is free, but not having a down payment is certainly a tremendous plus that other borrowers rarely enjoy.

No Mortgage Insurance Required

Another benefit to the VA Loan is that it doesn’t require you to take out mortgage insurance. Conventional loans require that individuals pay a monthly mortgage insurance if their down payment is less than 20%. But with a VA loan, the Department of Veterans Affairs guarantees a portion of the loan in case of default. This provides a huge advantage to recipients because it means their monthly payments don’t have to include mortgage insurance.

Competitive Interest Rates

It’s important to understand that although the Department of Veterans Affairs oversees the guidelines for VA loans, they do not set the interest rates themselves, nor do they service the loans in any way. By working with Guardian Mortgage, you stand firm on our long history of excellence in residential mortgages and our commitment to competitive rates and outstanding service. We’ve been serving generations of homebuyers since 1965. Let us guide you every step of the way.

Guardian Mortgage Rewards our Heroes

You may be eligible for the Guardian Mortgage Community HEROES program, which provides a lender credit toward your closing costs for qualified recipients. It’s a program you won’t find elsewhere. We’re proud to honor the sacrifices you make to create a better world for Americans.

Please contact us today to see how your military service can result in a loan with amazing benefits. These are the highlights, but there are many other benefits like flexible underwriting. You have served us, now let Guardian Mortgage serve you. You have earned it!

Contact a Loan Expert