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Things You Should Know Before Applying for a VA Loan 

Things You Should Know Before Applying for a VA Loan 

Are you ready to buy a home but don't have the down payment needed to secure a loan? Midland Mortgage in Columbia, SC can help you with a variety of programs including a low interest rate VA loan if you qualify.

Who Qualifies for a VA Loan?

If you are a member of the military, National Guard, or Reserve, you may qualify for a low interest VA loan with no money down! Many people think that VA loans are just for retired veterans, but active members of the military can use this special government funding as well. Many current and former service members can meet the federal guidelines for VA loans including:

  • Active Military Members
  • Retired Military Members
  • Veterans
  • National Guard Members
  • Reservists
  • Spouses of any Members Killed in the Line of Duty
  •  

Benefits of a VA Loan

Although VA loans have strict guidelines and can be somewhat difficult to understand, it is definitely worth the effort to obtain one of these government-backed loans. Our experienced VA residential mortgage specialists can help with the paperwork and loan processes to get you qualified. Here are some of the outstanding benefits you will receive if you qualify for a VA loan with Midland Mortgage.

  • Low Interest Rates
  • Little to No Money Down
  • Easier Loan Approval with Less Scrutiny of Credit History
  • Low-Cost Closing Fees that Can Be Financed with Loan
  • No Need for PMI (Private Mortgage Insurance)

See if You Qualify for a VA Loan Today

To see if you qualify or to learn more about VA loans through Midland Mortgage, contact us today online or by phone at (803) 765-1680 to get more information from one of our professional residential mortgage specialists.

Posted May 31, 2017 by Midland Mortgage Corporation