|
|
|
VA Loan Programs in Houston - The Many Advantages You Must Know by Alice Campbell
|
|
|
VA Loan Programs in Houston - The Many Advantages You Must Know |
|
|
|
Finance & Investment
|
|
There are many takers for VA loan programs in Houston and with advantages such as no down payment, no private mortgage insurance and refinancing options this loan program surely offers many advantages. The Veterans Administration loan program has been a huge success ever since it was conceptualized to benefit the veterans, active duty personnel and their family members. This government backed home mortgage program is the first choice among the uniformed people and their families when it comes to purchasing or refinancing a home. Lending services companies such as Clear Lending helps clients in every stage of availing these loans. VA loan programs in Houston offer many advantages and here in this short write-up we shall take a look at some of these advantages. - No Down Payment – After all you have served in the line of fire and the nation owes you a lot. And one of the most attractive features of this loan program is the fact that it doesn’t involve any down payment. This is however applicable when the purchase price doesn’t exceed the appraised value. You will be able to finance 100 percent of the home's value without having to touch your savings or use capital from any other source. However making a sizable down payment can help you save substantial amount of money at closing.
- Low Interest Rates – For lenders interest rates are always based on the risk factor associated with the loan and lower the risk factor, lower is the interest rate. Since this loan program is guaranteed by the Veteran Administration the lenders offers highly attractive interest rates on this type of loan which is far lower compared to other conventional types of loan program.
- Lower Credit Score – The kind of credit score that would draw you a blank in any other home mortgage program is enough to help you get a VA loan. The minimum Credit Score required for this loan program is 560 which is much lower than the credit score required to get other kinds of home mortgages and your military score puts you into this advantageous position.
- No Private Mortgage Insurance – In conventional loan programs most lenders would make it mandatory for you to pay private monthly mortgage insurance if you don’t put in minimum 20% down payment. This is merely to secure their interests and increase your monthly payments but a decent amount. Since this loan is secured by the Veteran Administration there is no need to pay private mortgage insurance.
- Refinancing – Loan refinancing is one of the most commonly used strategies to lower monthly payments for home mortgage. VA loan program tops among the best refinance home loans in Houston. It also helps individual in building equity faster and financing some other important things such as university education for the children.
As an active or veteran soldier you would automatically qualify for this program but you must scout for the best interest rates in Houston and this can be quite a tough job with so many lenders around. The easy way to go about this would be to seek help from mortgage experts. Clear Lending deals with different types of home mortgage programs. It has helped thousands of clients avail different kinds of loans including home loans for bad credit in Houston. About Author: Victor Alvarez has been helping clients avail benefits from VA loan programs in Houston. He also helps them choose the best refinance home loans in Houston.
Related Articles -
va loan programs in houston, best refinance home loans in houston, home loans for bad credit in houston,
|
Rate This Article |
|
|
|
Do you Agree or Disagree? Have a Comment? POST IT!
Reader Opinions |
|
|
|
|
|
|
|
|
Author Login |
|
|
Advertiser Login
ADVERTISE HERE NOW!
Limited Time $60 Offer!
90 Days-1.5 Million Views
|
|
TIM FAY
After 60-plus years of living, I am just trying to pass down some of the information that I have lea...more
|
|
|
|
|
LAURA JEEVES
At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
|
|
|
|
|
ALEX BELSEY
I am the editor of QUAY Magazine, a B2B publication based in the South West of the UK. I am also the...more
|
|
|
|
|
GENE MYERS
Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
|
|
|
|
|
SUSAN FRIESEN
Located in the lower mainland of B.C., Susan Friesen is a visionary brand strategist, entrepreneur, ...more
|
|
|
|
|
STEPHEN BYE
Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through the...more
|
|
|
|
|
SHALINI MITTAL
A postgraduate in Fashion Technology. Shalini is a writer at heart! Writing for her is an expression...more
|
|
|
|
|
ADRIAN JOELE
I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
|
|
|
|
|
JAMES KENNY
James is a Research Enthusiast that focuses on the understanding of how things work and can be impro...more
|
|
|
|