October 16th, 2013 Categories: Credit And Financing
VA Home Loans help secure Pensacola Real Estate Housing for military members and their families. The City of Pensacola, home to the Pensacola Naval Air Station, Fort Barrancus and Eglin Air Force Base has a large military population.
I love it when I can help guide our military men and women through the home building or buying process. The VA Home Loan Guarantee Program helps veterans purchase, refinance or build homes through VA-approved lenders like Beach Community Mortgage, Quicken Loans and First Federal Mortgage.
These loans typically feature low closing costs and fewer fees than conventional loans. Packed with money-saving advantages such as no down payment requirements and no private mortgage insurance, the VA Home Loan also is designed specifically for the unique challenges facing service members and their families.
Used by over 18 million families for nearly 70 years, this program has made it possible for families to experience the pride of home ownership. In today’s tough economy, the VA Home Loan program continues to shine brightly, while forging ahead with its mission of making home ownership possible for the brave men and women who serve our country.
In general, a service member is eligible for a VA Real Estate Home Loan if he or she meets any one of these requirements:
1) Served 181 days during peace time (Active Duty)
2) Served 90 days during war time (Active Duty)
3) Served 6 years in the Reserves or National Guard
4) Is the spouse of a service member who died while in service or from a service-connected disability.
Please contact me, Lisa Burns here or at 850-393-7106, and I will be proud to help you secure a VA Loan or answer any of your related questions.