If you are Veteran looking to buy a home, you should consider applying for a VA loan. The features of this loan make this a great option for many Veterans.
The Veterans Administration loan began in 1944 through the original Servicemen’s Readjustment Act which is also known as the GI Bill of Rights. President Franklin D. Roosevelt signed this bill into law. This loan was designed to provide veterans with a federally guaranteed home with no down payment so they could afford a home and take part in the American dream.
VA loans are guaranteed by the United States Department of Veterans Affairs. They offer long-term financing to eligible American veterans. VA loans often do not require a down payment and offer up to 100% for a purchase or refinance (rate and term only) of a home. NFM can also offer “cash out” loan up to 95% of the appraised value as determined by VA.
You must be an eligible Veteran who has available home loan entitlement. The Veteran must be able to credit and income qualify and must intend to owner occupy the property.
Getting the Loan
If you would like to see if you will qualify for this loan, contact one of our Licensed Mortgage Loan Originators by clicking here. NFM is a Veterans Affairs approved lender.