Want to Thank Veterans? Help them become homeowners.
Veterans Day is a time to pay tribute to our service members. It presents an opportunity to show respect and gratitude for the enormous sacrifices they make in order to defend our nation and keep us safe.
While there are many ways to thank veterans for their great service to our country, one of the most valuable ways to do so is to help them become homeowners. Real estate agents are uniquely positioned to be able to use their skills to assist the financial needs of veteran homebuyers and their families.
With a VA Loan veterans, and eligible surviving spouses, can become homeowners. This VA benefit provides a federally guaranteed mortgage with no money down, no private mortgage insurance and lenient credit requirements. In other words, the government assumes the risk for these mortgages because these men and women assumed so much risk for us.
As a real estate professional, one of the first questions you should ask potential clients is whether or not they ever served in the armed forces. There are so many benefits that go along with answering yes. Veterans, or their surviving spouses, can use a VA Loan to:
- Purchase an owner-occupied house, condo or manufactured home. It can also be used to build or rehab a home.
- Refinance an existing home mortgage to get a lower interest rate.*
- Cash-out refinance to pay off debt, fund college or make home improvements.**
There is essentially no reason why a veteran, or their surviving spouse, shouldn’t use a VA Loan.
We make the process easy
Like all of our home financing experience, we work to make the VA loan process as simple and seamless as possible. All VA borrowers work with one of our experienced VA loan specialists who brings years of experience to the process and are able to answer your buyers’ unique questions. And our digital mortgage and online tools like FlashCloseSM*** mean VA buyers can move quickly, which can be help them compete in a competitive housing market.
Our mission: helping VA homebuyers
At Guaranteed Rate, we’re proud to partner with the USO and their USO Pathfinder program to make sure VA borrowers get the guidance and support they need at every stage of the homebuying process. We also do our part to try to keep costs to VA borrowers low. For all of 2020, qualifying military homebuyers pay no lender fees (a common fee associated with most mortgages), which can save buyers up to $1290****.
To learn more about using your unique skills as a real estate agent to help veterans and military homebuyers, contact a Guaranteed Rate loan officer in your area!
*Savings, if any, vary based on consumer’s credit profile, interest rate availability, and other factors. Contact Guaranteed Rate, Inc. for current rates. Restrictions apply.
**Consolidated debt may take longer to pay off depending on the specific terms and various factors associated with borrower’s transaction. Restrictions apply. Contact Guaranteed Rate for more information.
***Not eligible for all loan types or investors. Conventional loans only. Eligible for primary, 2nd home and investment properties. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Title company restrictions may apply, contact Guaranteed Rate for current rates and for more information.
**** Waived lender fee available for VA loans that have a triggered RESPA app date as of January 31, 2019 through January 1, 2021 at 12:00am EST. This offer does not extend to HFA loans. ‘Triggered RESPA’ in accordance with Regulation X, is defined as lender receipt of all six pieces of information received in a secure format; applicant name, property address, home value, loan amount, income and SSN. Not all borrowers will be approved. Borrower’s interest rate will depend upon the specific characteristics of borrower’s loan transaction, credit profile and other criteria. Contact Guaranteed Rate for more information and up to date rates.
Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.