New Website Launches With VA Home Loan Information For Washington State - WALB.com, Albany News, Weather, Sports

New Website Launches With VA Home Loan Information For Washington State

Posted: Updated:
  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Phoebe foundation receives donation for medical student housing

    Phoebe foundation receives donation for medical student housing

    Thursday, July 31 2014 11:25 PM EDT2014-08-01 03:25:30 GMT
    Lauren Ray, Phoebe Foundation Executive DirectorLauren Ray, Phoebe Foundation Executive Director
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>
    A generous donation will help build a $5 million medical student housing facility on Phoebe Putney Memorial Hospital's campus.The Richard King Mellon Foundation donated $1 million to the Phoebe Foundation for the proposed 25-unit gated community. More >>
  • Dougherty County School System has Open House

    Dougherty County School System has Open House

    Thursday, July 31 2014 11:19 PM EDT2014-08-01 03:19:35 GMT
    Valerie Williams, Radium Springs Middle School PrincipalValerie Williams, Radium Springs Middle School Principal
    Dougherty County parents and students got to meet old and new faces at their schools this evening.The school system held an open house at each school for families to meet the staff and learn what to expect for the upcoming school year.More >>
    Dougherty County parents and students got to meet old and new faces at their schools this evening.The school system held an open house at each school for families to meet the staff and learn what to expect for the upcoming school year.More >>
  • Law enforcement and first responders collaborate for "National Night Out"

    Law enforcement and first responders collaborate for "National Night Out"

    Thursday, July 31 2014 11:14 PM EDT2014-08-01 03:14:28 GMT
    Imaya FreeloveImaya Freelove
    First responders reached out to the community Thursday night to build better relationships and help kids get ready for school.For the first time, all the law enforcement and first responder agencies in Dougherty County worked together on a National Night Out event. More >>
    First responders reached out to the community Thursday night to build better relationships and help kids get ready for school.For the first time, all the law enforcement and first responder agencies in Dougherty County worked together on a National Night Out event. More >>

New website launches that educates and informs Veterans on the benefits of VA Home Loans.

Seattle Washington, United States – July 2, 2014 /MarketersMedia/ –

VA Loans are home mortgage loans specifically for American veterans (or their surviving spouses), and guaranteed by the United States Department of Veterans Affairs.

One of the benefits of VA loans is that borrowers do not have to get private mortgage insurance like they normally do with most other types of loans so this can save a veteran lots of money compared to going with an FHA loan for example.

Veterans can use a VA loan to purchase a house, town-home, condo, or lot in a VA approved project. It can also be used to build a new home. VA loans must be used for only the home that a Veteran lives in and occupies.

VA loans actually allow veterans to qualify for loans that are larger then the traditional Fannie Mae type loans, and the Veterans Administration will insure a mortgage where the monthly payment of the VA loan is up to 41% of the gross monthly income versus normally only 28% for a conforming loan.

VA loan qualification is pretty straightforward and is designed for Veteran’s who have at least 90 days of completed service and the program does allow benefits to surviving spouses in many situations.

While many lenders require a minimum credit score to qualify a borrower for a VA loan, the VA does not have a published minimum credit score required, so it’s very important to check with the lender that you work with. Choosing the right lender is one of the most important things to do when deciding on whether to get a VA loan or another type of loan.

While there are many benefits of choosing a VA loan, the top four are:
1. No down payment required
2. No Private Mortgage Insurance
3. Very competitive interest rates
4. No pre-payment penalty

For people that are in the Seattle Washington area, or anywhere in the Pacific Northwest, visit Seattle VA Loan Experts to find out more about VA Loans in Washington.

For more information about us, please visit http://www.seattlevaloanexperts.com/

Contact Info:
Name: Heather Bradley
Email: heatherb@seattlevaloanexperts.com
Organization: Seattle VA Loan Experts

Source: http://marketersmedia.com/new-website-launches-with-va-home-loan-information-for-washington-state/53145

ReleaseID: 53145