10/24/2021
Hello,
My name is Jay Gomez with San Antonio’s Finest Realty.
Are you an active duty service member, reservist/national guard member, or veteran looking for a home? You may qualify for a VA loan.
Please contact me, I’d love to help you and your family find the your forever dream home.
Here’s some standard features of VA loans:
* No down payment.
* Low interest rates: VA home loans offer one of the most competitive interest rates in the market.
* No mortgage insurance premium: Veterans are required to pay the VA’s funding fee, unless exempt, but no mortgage insurance.
* Reusable Benefit: May use this benefit more than one time if there is remaining entitlement.
* One-time funding fee: Some veterans and service members are exempt from paying the funding fee; click on link for details. https://www.va.gov/housing-assistance/home-loans/funding-fee-and-closing-costs/
* Minimum property requirements: VA loans have minimum property requirements to ensure your home is safe, sound and sanitary.
* No penalty for prepayment.
* Assumable mortgage: When you sell the property, a VA-eligible buyer may assume your mortgage. The assumer’s qualifications must be approved by the lender and/or VA.
* VA staff assistance: The VA has loan technicians that can discuss your specific situation if you are facing financial difficulties.
The VA funding fee is a one-time payment that the Veteran, service member, or survivor pays on a VA-backed or VA direct home loan. Learn about the VA funding fee and other loan closing costs you may need to pay on your loan.