Your Guide to Purchasing a
NEW Home with your VA Loan
The VA Home Loan was created in 1944 by the United States government to help returning service members purchase homes without needing a down payment or excellent credit. 

This historic benefit program has guaranteed more than 24 million VA loans, helping veterans, active duty military members and their families purchase or refinance a home.
Is a down payment required?
What is a funding fee?

What are the options to qualify?
Do you have to pay PMI?

What is the VA Tax Exemption?
Working with charities that benefit Veterans
Choosing the Right Lender

VA Loan Process

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VA Loan vs. Traditional Mortgages
Military homebuyers have access to one of the most unique and powerful loan programs ever created. See how the VA Loan compares to a traditional home mortgage:

VA Loan vs.

0% Down (for qualified borrowers)

VA Loans are among the last 0% down home loans available on the market today.

No PMI

Since VA Loans are government backed, banks do not require you to buy Private Mortgage Insurance.

Competitive Interest Rates

The VA guaranty gives lenders a greater degree of safety and flexibility, which typically means a more competitive rate than non-VA loans.

Easier to Qualify

Because the loan is backed by the government, banks assume less risk and have less stringent qualification standards for VA Loans, making them easier to obtain.

Traditional Mortgages

Up to 20% Down

Conventional loans generally require down payments that can reach up to 20% to secure a home loan, pushing them out of reach for many homebuyers.

PMI Required

Private Mortgage Insurance is a requirement for borrowers who finance more than 80% of their home's value, tacking on additional monthly expenses.

Increased Risk for Lenders

Without government backing, banks are taking on more risk which, in turn, can result in a less-competitive interest rate on your home loan.

Standard Qualification Procedures

Conventional options hold stricter qualification procedures that can put homeownership out of reach for some homebuyers.

Here's what our Clients are saying!

Mr. Ely is a former Marine & National Guard; Both Mr. & Mrs. Ely are current Sheriff Officers

 


Cari4Homes with HomeSmart Evergreen is a licensed Broker in the state of California and is a leading authority on Burbank, California area real estate. My love for the communities we live and work in are why I do what I do. Stop by the office and experience the Cari4Homes with HomeSmart Evergreen way of Burbank area real estate.
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