Since the VA loan program was instituted in 1944, over 22 million eligible homebuyers have been able to qualify for affordable, zero down financing on new homes.
If you have a military service record, you could be the next borrower to take advantage of the outstanding benefits of VA loans.
A VA loan is a mortgage which is available to eligible veterans, active duty service members and surviving spouses as part of their VA benefits.
This type of mortgage is insured by the Department of Veterans Affairs (VA). With this backing, borrower risk is offset, qualifying the homebuyer for more competitive rates and terms along with zero down.
Because there is zero down payment due for a VA mortgage, you can move into a home immediately.
Even with zero down, your interest rate on your mortgage will be affordable.
Credit qualifications are relaxed for Ohio VA mortgages.
Closing costs may be 1-3%, or covered by the seller.
This type of mortgage does not have a private mortgage insurance (PMI) requirement despite the fact that you do not need to make a down payment.
If you are a qualified disabled veteran, you will not be required to pay a funding fee.
VA borrowers who are able to finish paying off their home loans early will not be subject to penalties for prepayment.
The VA can provide guidance down the road if difficulties arise keeping up with your mortgage.
Flexible terms which accommodate your needs should be available to you even without ideal credit.
Along with home purchase, VA mortgages also can be used for repairs, upgrades, building a new home, or refinancing one.
To qualify for a mortgage insured by the Department of Veterans Affairs, you must:
Be a military veteran, active duty service member, or eligible surviving spouse.
Meet the service requirement. You will need to look up the requirement which pertains to the timeframe in which you served. In most cases, you will qualify if you have performed 90 days of service in wartime or 181 days of service in peacetime.
Serve or have served in any branch of the US military. Activated members of the Reserve or National Guard also have the potential to be approved for a VA mortgage.
Factors which do not affect your eligibility include:
Whether or not you have previously taken out a VA mortgage.
How long ago you served.
Bankruptcies or foreclosures, assuming enough time has passed.
For those who are eligible, VA mortgages represent some of the most affordable and flexible financing options on the market today.
Do you qualify? During your consultation, we can check your service record and let you know. We also can assist you with documenting your service as required for your application.
Please call (614) 505-0620 to schedule your VA loan consultation in Ohio, California or Florida, and you will be on your way to moving into your new home with zero down.
Liberty Capital Services LLC is located on 438 E Wilson Bridge Rd #106, Columbus. From John Glenn Columbus International Airport (CMH) head south on Stelzer Rd and use the right lane to turn right onto International Gateway. Then keep right to stay on International Gateway and merge onto I-670 E. Next, continue onto US-62 E and use the left 2 lanes to merge onto I-270 N toward Cleveland. After that take exit 27 toward Cleveland Ave and use the right 2 lanes to turn right onto Cleveland Ave. At this point use the left 2 lanes to turn left at the 1st cross street onto Schrock Rd and continue straight to stay on Schrock Rd. Finally, turn right onto Huntley Rd and turn right onto Worthington Galena Rd. Turn left and Liberty Capital Services LLC will be on your right.
We are open Monday - Friday 9am - 6pm.
Liberty Capital Services LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.