If you’re a Veteran or the family member of a Veteran, please accept our deepest gratitude for your service. A grateful nation thanks you! One of the best Veteran benefits continues to be the VA Loan Program, which has helped more than 20 million Veterans achieve the American Dream of homeownership.
Buying a home can be an intimidating process, even for a military Veteran. However, we want you to know that you’ve come to the right place. James B. Nutter & Company has been making VA loans for over 65 years. We’re the experts on VA financing.
VA Loans contain many attractive features that can save you real money:
0% down payment option
Fixed Rate or Adjustable Rate
Flexible loan terms (30-year, 20-year, 15-year)
VA Refinance program available with no closing cost option
Here are some helpful tips to keep in mind if you’re buying a home and would like to use your VA loan benefit:
Find your VA Certificate of Eligibility (COE). By far the most important document to locate is your Certificate of Eligibility (COE), which enables Nutter to calculate how much your VA loan benefit is and thus how much house you can afford. Many Veterans are given a hard copy of their COE after they’ve been discharged, but if you’ve misplaced your COE you’ll need to get a new one. For more information, click here. We can help you as well!
Get preapproved by Nutter. Once you’ve got your COE in hand, it’s a smart move to get preapproved. Not only is getting preapproved quick and easy (and free!), but in this highly competitive housing market many realtors insist that homebuyers have a preapproval letter in hand when they’re shopping for a home. For more information, click here.
Interest rates for VA loans are currently lower than other types of home loans. Now is a great time to buy a home, especially with property values rising and interest rates near historic lows. Even better, interest rates for VA loans have recently been about .50% lower than conventional loans, which could save you an average of $3,100 per year on a $250,000 mortgage.
Close with Nutter and avoid excessive lender fees. This tip applies to any homebuyer whether you’re a Veteran or a civilian, but in the case of Veterans it’s especially important because lender fees can count against the amount of your VA loan benefit. Unfortunately, not all mortgage lenders are created equal and many will charge you a small fortune in closing costs. If you want to get the most out of your VA loan eligibility, choose Nutter— we don’t charge any “junk fees”.
Don’t listen to the media—VA loans are not “hard to process”. A popular misconception about VA loans is that they’re more difficult for a lender to close than other loans. In our experience, VA loans are just as easy to process as other loans. We’ve never declined to take a VA loan application because “those loans are just too darn hard to close.” Quite the opposite, in fact. We value Veterans and their families and would like nothing more than to help them buy a house. It’s the very least we can do to thank them for their service!
The VA offers a great refinance program—the Interest Rate Reduction Refinance Loan (IRRRL) Program. For those Veterans who already have a VA loan, the VA allows you to do a “streamline refinance” of your VA loan without an appraisal and without having to fully requalify all over again. Nutter can even offer this program with no closing costs. This means that Veterans can take advantage of lower interest rates and refinance with a minimal amount of red tape and expense. For more information, click here. Also, check out the VA Home Loans and Housing Page, click here
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