Why You Need A San Diego VA Loan Specialist
If you are a qualifying active duty, military veteran or a surviving military spouse, you may be eligible for a VA loan. There are many great advantages to getting a VA loan as opposed to getting a conventional loan. Most active members of the military, veterans and surviving spouses qualify for VA loans. However, navigating through the process of applying for a loan can be difficult to do on your own. A VA loan specialist knows the process and can assist in providing all the information you’ll need on your path to home ownership. Here are some things a VA loan specialist can help you with:
No Down Payments As with many traditional loans there usually is a down payment required. A VA loan doesn’t always require a down payment. A San Diego VA Loan Specialist can help you to see if you qualify for this feature.
Credit Most conventional loans do require a minimum credit score of at least 620 to qualify for a loan. However, a VA loan does not require a minimum credit score to qualify.
Insurance Another advantage of a VA loan is that it doesn’t require mortgage insurance. With conventional loans, insurance is usually required with a down payment that is typically less than 20 percent.