Veteran and Military Buyers: Home-Buying Benefits

First of all, we want to thank you for your service!

The homeownership rate among veterans is far greater than that of civilians but this can take a financial toll on these veterans can make it tough for some to get a financial foothold not to mention a home loan.

But the good news is there are plans out there to help veterans including what is arguably the most powerful home loan on the market to financial safeguards and more. Let us walk you through some of the more popular options:

VA loan program

Created in 1944, the Department of Veterans Affairs has backed over 21 million loans making buying a home more accessible to those who need it including veterans, active-duty military and their spouses.

Some of the benefits include:

  • No down payment requirement
  • No mortgage insurance
  • Lower average interest rates
  • Limits on closing costs
  • More lenient credit requirements

But there is so much more about this program, find out more by asking one of our Locations Montana Real Estate Agents today!

Source: http://www.realtor.com/advice/guide/home-buying-benefits-for-veterans-and-military-buyers/?guide_ref=223057&cid=soc_2016veteransguide64251236&adbid=10154472635797871&adbpl=fb&adbpr=35368227870

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