Mortgage Basics For Veterans

I am a guest author at the HomeGain Blog. Here's a snippet of an article I wrote, instructing their REALTOR customers about VA Home Loans:

Are you asking your buyers if they’re veterans of the U.S. Armed Forces? There are 25 million veterans in the U.S. today, 2 million of which are women. While more than two-thirds of them are over 40, a substantial number could benefit from the VA Home Loan Program.

The VA Home Loan Program is the only national 100% financing loan program. Veterans can purchase a home with no down payment and the seller can contribute up to 4% of the sales price for their non-recurring closing costs and impounds.

Often referred to as the VA No-No program, combining the max sellers’ closing cost contribution with a VA home loan affords buyers the chance to “get into a home”, for no money, at a below market rate.

Read the full article on HomeGain Blog