What is a Maine VA | Veterans Home Loan and who is eligible?
First and foremost, we thank you for your service — we are truly and deeply grateful. There is nothing better than having the opportunity to close a home loan for a Maine veteran. The VA loan offers 100% financing with no mortgage insurance. Having a difficult time locating your certificate of eligibility? Do not worry, we have the ability to obtain your certificate of eligibility online.
Here are just a few of the benefits of a VA Home Loan in Maine:
- The VA home loan is a zero-money-down option — saving homebuyers up to 20% when compared to a conventional loan.
- The VA program will not deny a loan based on a low credit score alone. The VA program will usually look into the borrower’s last 12 months of credit history unless a tax lien, relevant collections history or bankruptcy comes into play.
- If the homebuyer has a disability that is related to their service, it may qualify them to have the funding fee waived.
- Maine-based borrowers can often times refinance to lower rates within the VA program — all without prequalifying for the program.
Please do not hesitate to call us for more details— we are here to walk you through the entire process.