On Wednesday of this week, thanks to one of my very favorite mortgage lenders, Wayne Slaughter of Wells Fargo Home Mortgage and a Vet himself, it came to my attention that many of our veterans are unaware of the great advantages of a VA Loan!  Many of you may be renting and you may be completely unaware of the great mortgage programs out there for YOU!  Here are some of the advantages of getting a VA Loan:

No Down Payment:   Most loan programs require at least 3% down and as much as 20%.  But a VA loan requires NO DOWN PAYMENT whatsoever!  This saves Veterans years of scrimping and saving prior to buying a home.

No Mortgage Insurance:  Most home buyers pay hundreds of dollars per month in mortgage insurance if they make a down payment of less than 20%.  Veterans who use a VA Home Loan DO NOT PAY PMI, which enables them to buy more house with less money.

Less-than-Perfect Credit is OK:  The Non-Veteran home buyer often needs stellar credit to buy a home. This isn't the case for Veterans.  Credit score minimums are much easier to reach.

Lower Mortgage Rates:  Veteran home loan interest rates are about 0.25% lower than rates for conventional loans, according to a recent lender survey.  Veteran home buyers will likely end up paying less in interest compared to the average home buyer.

Closing Cost Reduction:  Veteran home loans come with limits on how much you can be charged in loan fees.  These loans come with built-in protections for Veterans.

So, you see...maybe that home you've been dreaming of isn't out of reach for you after all.  For more information or assistance, please call me and I'll gladly put you in touch with Master Mortgage Lender, Wayne Slaughter.  And by the way,  thank you very, very much for your service to our country!