Vermont VA Loans
It has never been a better time than right now to buy a house in Vermont. With housing prices at an all time low, it is possible to finally purchase that house you have always been dreaming of. If you are a qualified veteran, it is even more affordable to buy that house when purchased with a Vermont VA Loan. The VA has made it easier than ever for veterans to buy and build new homes across the state.
Benefits
While most conventional loans require you to provide a down payment on the house, with a VA Loan this cost is waved. Plus, the VA has recently increased the loan limits in all counties in Vermont which means you can get that big, beautiful family house without having to put any money down. A few other great benefits of using a VA Loan include low interest rates, minimal closing fees, multiple repayment options and easy refinancing.
Eligibility
If you are a qualified veteran, you will need to fill out an eligibility form with the VA first before starting the loan process. Once you have been approved you will be issued with a Certificate of Eligibility (COE) which you will need to present to your lender. Be sure to check out all the rules on who can qualify for a VA Home Loan.
Choosing a Lender
You have many options on who you can use for a lender when buying a new house in Vermont. As long as they are part of the VA Loan Guaranty Program, you can pick between a bank, mortgage company or savings & loans. Look for a company who will offer you the best interest rates and points, and see if you can get pre-approved so you know just how much you can borrow.
There has never been a better time than now to buy your dream house in Vermont. While housing prices are at an all time low and loan limits are on the rise, you will be amazed at just how much house you and your family will be able to afford. Get started today so you can take advantage of the many benefits the VA has to offer.
Find Out What You Qualify For
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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