Take Advantage of your veteran benefits

why use your benefit

• No downpayment unless required by the lender or the purchase price is more than the reasonable value of the property
• No private mortgage insurance premium requirement
• VA rules limit the amount you can be charged for closing costs
• Closing costs may be paid by the seller
• The lender can’t charge you a penalty fee if you pay the loan off early
• VA may be able to provide you some assistance if you run into difficulty making payments
• You should also know that:
• You don’t have to be a first-time home buyer
• You can reuse the benefit
• VA-backed loans are assumable, as long as the person assuming the loan qualifies