Veteran Home Purchase
Military Direct Mortgage has the unique advantage of being able to offer home loans to Veterans, active-duty military personnel and their family members. As a VA approved lender, it is our honor to serve and assist you in purchasing your home – whether it’s your first home, your last, or anywhere in between, we are pleased to be with you every step of the way.
Benefits of a VA home loan are short and sweet – you save time, you save money; ultimately making your life easier. You have given your service to our country, and now it’s time for you to take the benefits offered by the federal government and VA approved lenders that you rightfully deserve.
Some specific benefits of a Veteran home purchase loan:
- 100% financing
- Competitive interest rates
- Lenient qualification guidelines
- No closing costs
- No private mortgage insurance
- VA funding fee can be financed
- No prepayment penalties
VA loans are government backed, decreasing the risk for lenders (that’s us), allowing you to be approved for a VA home loan easier!
A VA home loan is available to Veterans and active-duty military personnel. In most cases, you qualify if:
- You have served on active duty for more than 90 consecutive days during wartime
- You have served more than 181 days of service during peacetime.
- You are a National Guard member or Reservist Veteran and have served at least six years.
Surviving spouses of veterans who lost their lives while in service or from a service-related disability, are eligible. Contact us today if you have any questions about this. One of our Loan Officers would be happy to have a conversation with you.
To find out if you qualify, contact us for a quick assessment. One of our VA loan specialists will be able to answer your questions and make sure you meet the requirements for a VA home loan or refinance option.