Saturday, May 18, 2024

Importance of VA Loans

Saint Louis, MO (February 19, 2018)- Veterans deserve to have dream homes like everyone else, but they sometimes have issues getting there. Luckily, there are specific loans out there to aid veterans in this process. There is a St. Louis company that specializes in VA home loans, Liberty Lending Consultants. Getting a VA loan from Liberty Lending has many advantages such as 100% financing and no monthly private mortgage insurance. Also, your closing costs are rolled in so you do not have to worry about those. They provide low fixed rates for all lengths of loans, 30, 20, and 15-year loans. Another advantage would be that if a veteran was disabled in the line of duty, the VA funding fee will be waived. Liberty Lending Consultants cares about past and present military members and would love to assist them in purchasing a home.

If you are still not sure if this is the loan type for you, there are other factors to consider. VA loans are only available for purchasing primary housing and require a minimum FICO score of 620. There is no down payment or insurance required. Liberty Lending Consultants St. Louis mortgage companies will help buyers check their eligibility requirements to decide which type of VA loan they are able to receive and if this type of loan is truly right for you. If the VA loan is not right for you, there are other options such as a conventional fixed rate mortgage loan. This type of loan may be offered if you are looking for secondary housing or investment properties.  Missouri USDA rural development loans are also an option, which have notably reduced costs. Whatever type of loan you are looking for, Liberty Lending Consultants would love to help.

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