VA Home Loans in St. Paul, MN
Kris Lindahl is 100 percent committed to ensuring that St. Paul’s military members – both veterans and those on active duty.
The VA home loan is the best loan out there, bar none. Read on to learn more.
Purchase a Home with No Down Payment
Because the VA home loan doesn’t require a down payment, veterans can finance 100 percent of the purchase price of a home. There is no private mortgage requirement, either, which means you will have a significantly lower house payment than you would with a conventional loan.
Other Advantages of a VA Home Loan
Aside from not having to pay a down payment and that you can skip paying for PMI, the veteran’s closing costs can be rolled into the loan. This means, for most borrowers, there will be no cash out of pocket for a home purchase.
Qualifying is a lot easier than it is with conventional loans because the government guarantees repayment.
Qualifying for a VA Loan
Both active and former members of the United States military who meet the qualification guidelines concerning length of service and discharge conditions are eligible.
National Guard members and Reservists and widows and widowers of service members may also qualify for a VA loan.
You will need a Certificate of Eligibility from the VA but your lender can obtain that for you through an online system.
Kris Lindahl literally wrote the book on the VA home loan, “Everything you Need to Know About the VA Loan.” Contact us for your free copy.