Connecticut VA Loans
Connecticut is a lovely state to relocate to; it has beautiful countryside, big houses and is very close to New York City. Because of this, housing prices can be much higher than elsewhere in the United States. Luckily for veterans looking to relocate to Connecticut, buying houses is much more affordable when done through the VA. The VA Loan Guaranty Program has made it possible for millions of veterans and their families to become first time homeowners across the US.
What are the Benefits?
What makes a VA Loan so affordable is the no down payment feature. Right now the loan limits in Connecticut are very high, making it possible for you to buy a big, expensive family home without any money down. Other great benefits include: no monthly mortgage insurance, competitive interest rates, limited closing costs and flexible repayment plans. The benefits of using a VA Loan compared to a conventional loan are vast and help make the whole home buying process easier and more affordable than ever for military members and veterans.
How to qualify
In order to qualify for a VA Loan you must first establish your eligibility with the VA. The VA requires all military members to have served a minimum of 181 days of regular active duty service in order to qualify. Ex-military must have served this time (unless during wartime which drops it to 90 days) and been honorably discharged. There are some exceptions to the rule, so be sure to explore all your options to see if you qualify.
After you qualify
Once you’ve received your Certificate of Eligibility (COE) you can either start house hunting immediately or get pre-approved for a loan. You can choose any private lender that participates in the VA Loan Guaranty Program to get pre-approved. By doing this first you will be able to shop for houses within your budget and find that perfect home.
Getting Started Today
Qualifying for a VA loan has never been easier than it is now. Just fill out our 1-minute quote request form and you can begin comparing rates and offers today!
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