You are Here: Articlelogy.com » Business » Financing » Loans » The Best Veterans Loans

The Best Veterans Loans


Go to: Previous Article Next Article


Did you serve in the military? It does not even matter what branch. If you were in the armed forces of the Untied States of America then you may qualify for the veterans home loan program. Yes, that's right you have more then just the GI bill available to you.

President Franklin D Roosevelt signed a law in nineteen forty four called the veterans home loan program. The bill gives veterans of our armed forces a loan guarantee program. Initially it was for returning World War Two veterans and then they realized how good a program it really is.

There are over twenty five million veterans of the armed forces in the United States today. The veterans loan is an ideal and attractive loan for any of them to purchase a home. While we are talking about the standard veterans loan there are also several other benefits that you may qualify for if you saw combat. Ask your veterans administrator for other benefits.

If you qualify for a veteran's loan you are eligible to get up to twenty five percent of your home loan guaranteed. What this means is that you will usually not need a down payment because instead of you giving twenty percent down the government is going to guarantee it. Either way the bank is happy because they know they will at least get that much.

Loans for veterans are usually done by regular banks and credit unions. You can even use a mortgage broker. All the government does is guarantee the first twenty five percent. They don't actually give the bank money unless you default on it. You also need to be buying the house for your own residence. Just like an FHA loan you can buy a dublex, triplex, or whatever but you need to live in it as well.

There are also other requirements. If you have been in the military for at least six years then you qualify. If you have been in more then two years you may qualify.

Since veterans loans are guaranteed the lender is protected from losing money if something happens and you are not able to pay. Because of this guarantee you are able to save on your down payment as well as get a far lower interest rate.

America is proud of its war veterans and those that put themselves in harms way. Take advantage of the programs that the government has so that you can get into your house.
Article Source: Articlelogy.com
Just military loans - Military loans available > active duty personnel only<


Word Count: 427




Reduce Your Debts Without Bankruptcy. See How Much You Can Save. Free Debt Analysis



Read Previous Article ~ Read Next Article
 

Selected Articles

1: What To Expect After Being Arrested For A DUI In California
2: The Best Veterans Loans
3: Your Smart Handset requires Smart App Developers
4: Way to Get your Unique iPhone Apps Developed
5: Why Do I Need to Attend a Fitness Resort?
6: Contact Lenses Online: Convenient, Less Time Absorbing, Order On The Spot
7: How To Get Individual Loans With Bad Credit
8: The Foam Filled Chairs Are Perfect Items of Furnishings
9: People clinging to their content sending dcma requests
10: The Enormous Bean Bag is low priced along with a top quality item of furniture
11: Tips on how to Handle Cholesterol Levels to be Healthful
12: A good solid Global One Ultimate Power Profits Paradigm Shift Platinum Superbly Inspection
13: Car Maintenance: Much better Than Auto Repair St. Louis Case
14: Choosing B&b Hartbeespoort Dam
15: Melaleuca- An Impartial Review- So is this a Melaleuca Scam or can you honestly generate income with this business?
16: Why A Seasoned DUI Attorney Is The Perfect Option
17: Tips To Start Successfully Marketing On the web Today
18: Prescription Assistance Programs, Goal and Rewards
19: Way to Find an Efficient SEO Service Provider
20: Joomla Development for your Website
21: Website Design Graphics for Niche Businesses
22: Recycling Help in Keeping our Environment Thoroughly clean
23: Nashville Recycling Info for the Folks of Nashville
24: Personal computer Restoration - Suggestions for Locating a Dependable provider at Waukesha
25: Would like To order Tunes On-line?
26: Viviane Skincare- A Completely Independent Assessment By an Expert
27: Dallas Texas HCG Diet plan Protocol
28: HCG Diet Protocol, it genuinely Succeeds
29: The Functions for Charter Jets
30: The Best Veterans Loans
31: Home Equity Loans - Get one
32: Technology Consulting Overview
33: Join the opportunity Get Pre-launch Immediately And Tie down Your Place
34: Beneficial Suggestions For Achieving Article Marketing Results
35: Loans for people in the Military
36: Types of stress relievers to keep you hale and healthy
37: Simplest Way To Fix Monetary Urgency


Read Previous Article ~ Read Next Article

You are Here: Articlelogy.com » Business » Financing » Loans » The Best Veterans Loans