Indiana VA Loans
Right now is a great time for qualified veterans to buy houses in Indiana. At the moment, housing prices are very low, and with a VA guaranteed loan you will be able to afford more than ever. With a VA Loan you can get a big, beautiful house with absolutely no down payment. This is just one of the many benefits extended to veterans through the VA.
Benefits of a VA Loan
Besides the no down payment benefit, with a VA Loan you won’t have to pay private monthly mortgage insurance. Additional benefits include: low interest rates, flexible repayment plans, low closing costs, and streamlined refinancing. Plus, if you ever have questions or trouble making payments the VA is willing to try and assist you in any way possible.
How to qualify
In order to qualify for a VA Loan you must have served a minimum of 181 days of continuous, regular active-duty service. For veterans, you qualify if you served 181 days and were discharged under honorable circumstances. Veterans who served overseas during wartime in WWII, Vietnam and Korea qualify for having served 90 days with an honorable discharge. Check out the VA’s website for any exceptions to these rules.
Certificate of Eligibility
In order to get a VA Loan you will need to fill out an eligibility form which can be found on the VA’s website. The VA will review your status and then issue a Certificate of Eligibility (COE) which you will need to present to your lender when applying for a VA guaranteed loan.
Right now is the time to buy a new house in Indiana, as the VA has made it incredibly simple and affordable for veterans to purchases houses. This, combined with the lowered housing prices, makes it possible for you to buy the house of your dreams for you and your family.
Indiana Metros
Getting Started Today
Want to find out how much you qualify for? It’s never been easier. Just fill out our secure 1-minute quote request form and you can get a rate quote today.
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