Salt Lake City, Provo, Ogden VA Loans
Utah is a beautiful state, with more and more people deciding to move there and settle down, especially in the Salt Lake City, Ogden and Provo areas. Even though the cities are growing due to popularity, housing prices are lower now than ever, making this a perfect time to buy. And if you’re in the military or are a veteran, you can combine the low housing prices with a great Utah VA Loan for an incredible deal.
VA Loan vs. Conventional Loan
VA Loans have a lot of benefits that aren’t available with a conventional loan. The first, biggest benefit is you don’t have a down payment. There are limits on how much you can get, but they have recently been increased in Utah, making it possible to get big, fancy family homes without a down payment. Another benefit is that you won’t have to Premium Mortgage Insurance, greatly reducing your monthly payments. Your payments can be reduced even further when you negotiate with your lender for a low interest rate. Finally, you have many different repayment plan options that are tailored to your needs and income.
How to Qualify
In order to qualify for a Utah VA Loan you must have served 181 days of regular active-duty service. For veterans, this time frame also applies unless you served overseas during wartime in which case you can qualify after 90 days. For all ex-military, you must have been discharged under honorable circumstances in order to be eligible. Check out the VA’s website for any additional questions and also to fill out the eligibility form.
As a Utah veteran, right now is the best time to take advantage of the housing prices and affordability of VA Loans. You will be amazed at how much you can afford in the Salt Lake City, Ogden and Provo areas.
Fill out our 1-minute quote form now to see what you qualify for!
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