VA Mortgage Offers Military Home Finance Opportunities

admin | July 20, 2010 | 0 Comments

Nationwide mortgage lender posted a great article that highlighted the benefits of militray home finance opportunities with the VA mortgage.  While in the past military borrowers used to have to jump through hoops to qualify for VA mortgages, today the VA loan process has been streamlined and VA mortgage rates are lower than ever.  In the article, Nationwide stresses that VA home purchase loans are the last commercial loan in the United States that enable no down-payment for primary residence financing.   According to Nationwide Mortgage Lender, VA home mortgages are one of the rare opportunities for homeowners to qualify for no equity home refinancing.  This VA program encourages borrowers with all types of credit to apply for a zero down home loan opportunity. 

The Department of Veterans Affairs also encourages first time home buying and VA mortgage interest rates are the most affordable they have been in nearly 40-years. Today VA mortgage rates are available at 4.125% for a 15-year fixed and 4.5% for a 30-year fixed VA loan.

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