Wednesday, July 24, 2013 - Article by: Gene Mundt - American Portfolio Mortgage Corporation -
Clearing-Up Misconceptions About VA Loans:
Let's Get Veterans and Their Families in Their Own Homes
VA Loans, and the benefit that they provide U.S. veterans and their families, are often an under-used and misunderstood type of financing.
While VA loans are made possible through the U.S. Dept. of Veterans Affairs, the loan approval process itself is rarely handled by that government entity. Lenders, such as myself, handle the processing of the loans.
VA loans provide a well-deserved opportunity and beneficial options through which Veterans can become home owners by offering the following key advantages:
But I've found that many Veterans do not know or understand that the following additional benefits also exist to them through a VA loan:
That's not to say that VA Loans can't have some specific guidelines. They can. They are:
The last drawback mentioned above is fairly easily accomplished by Veterans. To obtain a Certificate of Eligibility (or COE), a Veteran must have been discharged under conditions other than dishonorable. They must also meet the service requirements found HERE.
Different categories of eligibility exist, so the nature of your current or past service as a Veteran, they require varying needs to supply proof/evidence during COE application. Info regarding the evidence required of Veterans can be found HERE. Veterans can make actual application for a COE through me (their Mortgage Lender), by mail, or online.
Should a Veteran be in need of further assistance or have questions regarding their eligibility or COE application, they can call the eBenefits Help Desk at: 1.800.983.0937, Monday through Friday. Hours are: 8 am to 8pm EST.
Clearing up commonly held inaccuracies and notions regarding the use of VA Loan benefits is important. Assisting our Veterans and their families in becoming homeowners is one way we can pay them back for all they've provided us. Education is a vital tool in providing that assistance.
* Are you, someone you know, or someone you are representing a U.S. Military Veteran? Contact me. Together we can explore what opportunities and options exist for home financing.
I can be easily found at:
Direct: 815.524.2280
Cell/Text: 708.921.6331
www.genemundt.com
FREE Mortgage Consultation!
eFax: 815.524.2281
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