Welcome to your Local Mortgage Report. My name is Lauren Hatmaker.
Are you a qualified veteran who wants to use your VA benefits to secure a fantastic mortgage?
Well, guess what?
VA loans just got even better!
VA loans don’t require any down payment, but they do have a funding fee that is added to the balance of your mortgage if you are not considered exempt.
The VA just made a rule change to encourage Veterans to put five or ten percent down on their home purchase if they can.
Funding fees are being cut by thousands of dollars with a small down payment.
This works great for Veterans who are moving up to their next house and have equity that they can put down for their next purchase.
If you want to work with a VA home loan specialist, call us today! We make it easy!
Join us again every Wednesday, during the 6:30 news, for your Local Mortgage Report.